The economy is on everyone's mind. How do we get people back to work? There are two choices. First, have the government spend more money. Second, grow the private sector through tax reduction and government spending cuts. Which works?
Let's go back in time to 1847 when the Mormon pioneers entered the Salt Lake Valley. They were experiencing a profound depression. The Salt Lake Valley was a desert; no homes, no businesses, and no farms. What did the Mormon pioneers do? Did they start printing money or start working?
The answer is obvious. They started working, building homes, planting gardens, cutting timber etc. Money would have served no purpose. There was nothing to buy. The solution to our current deep recession is the same. Start working. How? Read the next post.
Thursday, October 28, 2010
Tuesday, October 5, 2010
The Fall Election Cycle
A common thread is developing in this year’s election cycle between the Republicans and the Democrats.
• The Republican position is the economy is struggling and government must live within its means without raising taxes just like everyone else is doing.
• The Democrat position is that more money needs to be taken from the private sector of the economy to protect government programs.
The Republican position appeals to those that pay taxes (farmers, workers, small businessman, manufacturers, loggers, miners, etc.) while the Democrat position appeals to those that live off of tax revenues (public employees, teachers, social workers, welfare recipients, etc.)
You need to ask yourself this question: “Will the economy and everyone’s standard of living improve if taxes go up and government grows or will the economy improve for everyone if taxes are reduced and government growth is reduced?” This question is the basic issue of the campaign. Let me give you a couple of facts to clarify the issue.
• Government now spends 48 percent of the Gross Domestic Product (GDP)). This means that government consumes 48 percent of all wealth in the United States.
• In 1900, local, state, and federal governments combined only consumed 8 percent of all wealth.
It is my position that high taxation is a form of slavery. Freedom is only possible when taxes are low and the laborer is able to keep the fruits of his labor. Redistribution of the wealth and high taxes favored by Democrats violates this basic principle of freedom and prosperity. For these reasons, I cannot vote for any Democrat.
The top of the Democrat ticket (Allred/Olsen/Minnick) has an almost identical view of government and taxes – taxes need to be increased to protect government programs. They are concerned about the health of government.
The top of the Republican ticket (Otter/Luna/ Labrador) also has a similar view – government must live within the tax revenues now being generated. Government must learn to do more with less. They are concerned about the wellbeing of the taxpayer.
The choice is clear. Will you vote to protect the private sector and vote Republican or will you vote to protect the government and vote Democrat?
• The Republican position is the economy is struggling and government must live within its means without raising taxes just like everyone else is doing.
• The Democrat position is that more money needs to be taken from the private sector of the economy to protect government programs.
The Republican position appeals to those that pay taxes (farmers, workers, small businessman, manufacturers, loggers, miners, etc.) while the Democrat position appeals to those that live off of tax revenues (public employees, teachers, social workers, welfare recipients, etc.)
You need to ask yourself this question: “Will the economy and everyone’s standard of living improve if taxes go up and government grows or will the economy improve for everyone if taxes are reduced and government growth is reduced?” This question is the basic issue of the campaign. Let me give you a couple of facts to clarify the issue.
• Government now spends 48 percent of the Gross Domestic Product (GDP)). This means that government consumes 48 percent of all wealth in the United States.
• In 1900, local, state, and federal governments combined only consumed 8 percent of all wealth.
It is my position that high taxation is a form of slavery. Freedom is only possible when taxes are low and the laborer is able to keep the fruits of his labor. Redistribution of the wealth and high taxes favored by Democrats violates this basic principle of freedom and prosperity. For these reasons, I cannot vote for any Democrat.
The top of the Democrat ticket (Allred/Olsen/Minnick) has an almost identical view of government and taxes – taxes need to be increased to protect government programs. They are concerned about the health of government.
The top of the Republican ticket (Otter/Luna/ Labrador) also has a similar view – government must live within the tax revenues now being generated. Government must learn to do more with less. They are concerned about the wellbeing of the taxpayer.
The choice is clear. Will you vote to protect the private sector and vote Republican or will you vote to protect the government and vote Democrat?
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