Tuesday, February 28, 2012

WHAT IS WRONG WITH OUR ECONOMY?


                                             
~The Sun of China~


What's wrong with our economy? A strong economy is all about the ability to produce value. If the economy is going down, there will always be a connection to GDP (Gross Domestic Product).  But all the economic mumbo jumbo can ultimately be reduced to one word, “value”.   As long as you can create value greater than the cost, you will have a a productive system; and if you have a productive system, the economy will grow.  But instead of providing incentives to the people companies that produce the most value, we tax them the most. And then we reward the people and companies who produce the least (nonprofit organizations, environmental organizations, humanitarian organizations, etc).... Our system of benefits is all screwed up and it can be seen in society.
We need to reward progression!  Not the lack thereof.  Education needs to stop being so frivolously political and actually teach kids valuable skills. Instead of people always saying "You need to do what you love!" they should say, "You need to do something of value!" A job will never exist for someone whose value is less than the salary of the job.  If a kid comes out of high school learning just one valuable skill, he will have a job. Why not let kids do internships in high school? Imagine if high school students learned how to do plumbing, tailoring, or recycling management as a part of their education? All those valuable skills can be put to use!
Why do sales taxes tax everything that companies produce, but services get all the deductions?? Which is of more value to the economy, services or products? Why punish the products but give benefits to the services? Imagine if instead of the US having 76.7% of its economy due to services, we converted more of that workforce into producing something of value? http://en.wikipedia.org/wiki/Tertiary_sector_of_the_economy
The poor man who makes and sells custom backpacks gets three levels of taxation, sales tax, corporation income tax, personal income tax... while the lawyer, who only exists because the government created too many rules for the poor man to keep track of, only has to pay one level of tax, personal income tax.... the poor man is productive and punished, the lawyer just messes around with artificial rules and is benefited. We need change ~
America has been blessed with more freedoms, natural resources, and open land than almost any other country, why should we struggle to produce value? It’s right beneath our feet!!  But no, Obama sets up another artificial rule that stops the drilling of oil!!!!  When will people get it through their heads?  Stop punishing the people who want to produce something of value!
Imagine this, a bunch of people live off of the people who produce value and then spend their time thinking up crazy and complicated rules (laws). Then a whole bunch of lawyers need to be hired to argue the rules, these also live off of the people who produce value. Then a whole bunch of accountants/ consultants/etc. need to be hired to make sure people are following the rules (these also live off of the people that produce value). Then a whole bunch of enforcers need to be hired to make sure people follow the rules (these also live off of the people who produce value)....A huge sector of the economy is artificially created by "rules"... Why don't we simplify the rules so we can take that burden off of the "productive" sector? Imagine if all the lawyers and accountants stopped messing around with paper all day and actually produced something of value for our economy?
                Romney has always been the expert on creating productive systems.  He is the only one with major business experience and actual value creating decisions.  As a Sales Tax Expert and a CEO of a small business myself, I know and trust Romney to make the necessary decisions to get America back on track.

The Sun of China
Copyrighted on 2/27/2012

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