Will Raising Taxes On The Rich Threaten Your Job?

Will Raising Taxes On The Rich Threaten Your Job?
Poor People Don’t Provide Jobs!
A Commentary by J. D. Longstreet

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Rich people provided every job I have had in my life. I expect the same is true of your work history.

One of the truisms in life is this: “If You Bought Something, Someone Worked to Make It; If You Have Something that Requires Service, Someone Is Servicing It; If You Have A Lot of Money, It Is Working Somewhere.” (SOURCE)

Today in America unemployment is hovering near the ten percent mark. Well, that is the figure supplied the public by the government. Honestly, I am not comfortable with the unemployment figures provided us by the government. I have heard reports from private organizations that the REAL national unemployment figures are closer to 22% than 10%.

How can that be? Because the government plays all sorts of “tricks” with the numbers to get a, shall we say-- more favorable figure for the administration in power at the time. A true accounting would very likely result in a figure closer to 22% than that ten percent we have been offered for sometime now.

Let’s say we split the difference and agree that the real unemployment rate in America today is around 16% to 17%. That is still a whopping chunk of the American workforce out of work.

Why are there no jobs, then? Well, that takes us back to the point I made at the beginning of this piece. Wealthy people provide the jobs in America.

Yes, the wealthy still have money. Maybe not as much as they had before the recession hit us so hard, but they still have an ample supply. But they are not spending it on plant expansions, new operations, purchasing new equipment, building up their inventory, etc, etc. When that money they are sitting on is static, when it is not working, then it is not creating jobs. As a result, Americans can’t find jobs.

For the most part, rich people are not fools. They did not get rich by doing stupid things. Risking their fortunes on an American economy on the threshold of being regulated into oblivion by a President and a government on the cusp of completely embracing socialism and fascism would, indeed, be stupid.

Wealthy Americans are nervous. They are sitting on their money waiting, and hoping, for better times, when they can again put their fortunes to work creating jobs for the American work force and making lots more money for themselves. That’s the way business works.

I don’t know where the idea that -- business is in business to do you and I a favor -- originated. But I tell you as strongly as I can, that it is untrue. Business is in business to make money, to make a profit, for the owners and the stockholders of that business.

Bludgeoning the wealthy with even more taxes is certainly not going to make them take what’s left of their fortunes and blow it on “make work” jobs creating “stuff” the public doesn’t have the money to buy because they don’t have the jobs with which to earn the money it takes to purchase that “stuff.”

If anything, increased taxes will result in the wealthy holding even tighter to their fortunes and spending even less of it. It will also result in corporations looking for countries around the globe that have a ready workforce, willing to work for much lower wages, and a government that is willing to provide a tax friendly environment within which that corporation can operate at a substantial profit. The latter is happening even as America is beginning the long road back from the recession.

Corporations have seen where the American government is going with their regulations and taxes and they are not stupid enough to sit here on American soil and allow the new American socialism to take over their corporate investments. They are getting out – sooner, or later -- and they are taking their companies offshore to countries that welcome the jobs they bring to that country’s people with open arms.

So, the answer to the question I posed above is – yes. Higher taxes, on the rich, do threaten your job. There is no question about it.

We haven’t even touched on the whether, or not, the government’s taking over half of what a wage earner makes to redistribute to those who make less, is even moral. I didn’t bother to spend much ink on that topic because the answer is so obvious. NO, it is NOT MORAL. It is, in fact, thievery. When a government does it -- it is called taxing. When an individual does it, it is called robbery.

In the next few weeks, we Americans are going to hear and see a lot of debate about raising taxes on Americans, and on American business. Raising taxes will prolong the recession, and make the unemployment figures continue at unacceptable highs. It will also drive many large corporations away from America and stop those considering locating in America to look elsewhere. In short, higher taxes will crush what is left of the American economy.

With Election Day approaching we ask that you observe which political party is pushing those higher taxes, and remember them when you cast your vote in November.

J. D. Longstreet

The Lies about Green Jobs ... Alan Caruba

The Lies about Green Jobs
By Alan Caruba

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“I was impressed as never before by the utter lack of logic of the man, the scantiness of his precise knowledge of things that he was talking about, by the gross inaccuracies in his statements, by the almost pathological lack of sequences in his discussion, by the complete rectitude that he felt as to his own conduct, by the immense and growing egotism that came from his office, by his willingness to continue the excoriation of the press and business in order to get votes for himself, by his indifference to what effect the long-continued pursuit of these ends would have upon the civilization in which he was playing a part.”

No, this was not a judgment of President Barack Obama, though the description eerily fits him. It was the view of Raymond Moley, a Columbia University professor and member of President Franklin Delano Roosevelt’s “Brain Trust” who often wrote or helped write FDR’s major speeches. FDR’s policies extended the Great Depression for ten years.

Here are some facts worth considering every time Obama calls for an expansion or intercession of the federal government as an answer to the current financial crisis:

Social Security, a cornerstone of FDR’s administration, was established in 1935. After 74 years it is on the brink of insolvency because Congress gave itself access to its funds.

Fannie Mae was established in 1938 to facilitate home ownership. It has been around for 71 years. Congress has had to seize control of it and of Freddie Mac, established in 1970. Together, they presently own or guarantee about half of the United States’ $12 trillion mortgage market.

The War on Poverty started in 1964. One trillion dollars has been transferred to “the poor” and it has not worked.

The Department of Energy was established in 1977 to lessen dependence on the import of foreign oil. With 16,000 employees and an annual budget of $24 billion, the United States has imported more oil with every passing year while denying U.S. oil companies access to vast national reserves in ANWR and off our continental shelf. It is an abysmal failure.

All of these programs were put forth by liberals, now calling themselves “progressives”, initiated by Democrat administrations to advance what they call “social justice.” The Obama administration is hell-bent on “health care reform” that will put one sixth of the U.S. economy under the control of the federal government whose interventions in the free market have been the cause of the previous recessions.

In 2010, the Obama administration says it intends to relieve the job shortage by creating “green jobs” in the sectors of wind and solar power and biofuels. It has announced a program that will cost $2.3 billion, costing approximately $135,000 per job.

“Show me one other industry that requests and receives a nearly 30 percent taxpayer subsidy,” says Thomas J. Pyle, president of the market-based Institute for Energy Research. “If the President really wants to create an environment that will foster economic growth and job creation, he need not look any further than the domestic oil, gas and coal industries.”

In November 2009, a Washington Times editorial said, “’Green energy’ is proving to be no miracle solution to the nation’s monumental unemployment problems, and it is doing little to help the economy emerge from its deepest recession in decades, economists say.”

A large part of the administration’s $786 billion dollar stimulus bill was devoted to green or renewable energy projects, but the rate of unemployment continues to rise, the cost of gasoline and heating oil continues to rise in the face of the coldest winter on record in decades, and real jobs in energy industries are thwarted by Obama administration restrictions on the exploration and development of our national energy reserves.

Similar green jobs programs in Spain, Germany, and other nations that signed onto the UN Kyoto Protocols limiting carbon dioxide emissions have demonstrated that such jobs cost too much to create and eliminate other jobs in the process.

Following recent Climategate revelations, it is abundantly clear that so-called greenhouse gas emissions do not cause a non-existent “global warming” which was and is a massive science-based fraud.

Despite this, a Cap-and-Trade bill awaits a vote in the U.S. Senate that would impose a huge tax on energy use. At the same time, the EPA is claiming that carbon dioxide is a pollutant that must be regulated.

The lies simply do not stop.

So-called Green jobs depend on two of the most impractical and unreliable sources of electricity generation. Solar and wind farms require backup by coal-fired and nuclear power sources for the blatantly obvious reason that the sun does not shine full-time, nor do the winds blow full-time. These, plus biofuel producers, are parked on the doorstep of Congress to secure the subsidies they need just to be in business; subsidies that are derived from our taxes

Biofuels divert valuable crops like corn to create ethanol, driving up the cost for a gasoline additive that incongruously produces less mileage and increases the cost of the many food products that utilize corn.

America, the home to centuries-worth of massive amounts of coal, has a President who has openly declared war on the coal industry that currently provides half of all the electricity used by Americans. By contrast, solar and wind provide just over one percent!

When the President talks of “green jobs” he is lying to Americans who need real jobs. The stimulus bill was nothing more than a political “pork” bill and is providing no real surge in job creation. Indeed, the administration has claimed to have “saved” or produced jobs in non-existent Congressional districts.

Meanwhile, the members of the U.S. House and Senate have voted themselves $4,700 and $5,300 in new raises at the same time they have voted to deny a Social Security cost of living increase in 2010 and 2011.

The job of every voter in November 2010 is to remove from office every Senator and Representative that voted for and supported the Obama administration’s policies who will run for reelection.

Then, maybe, we can put America on an economic footing that will generate real jobs and put an end to the Green Lies about “green jobs”, environmentally inspired legislation, and the existing Green laws and regulations that are currently killing any hope of recovery.

Alan Caruba writes a daily post at http://factsnotfantasy.blogspot.com. An author, business and science writer, he is the founder of The National Anxiety Center.