My Opinion

What’s really grotesque šŸ¤‘

PresĀ­iĀ­dent Barack Obama regĀ­uĀ­larly emĀ­phasizes a job-creĀ­ation record that he says has made the U.S. reĀ­covĀ­ery the envy of the world. But proĀ­gresĀ­sive leadĀ­ers, inĀ­cludĀ­ing Sens. Bernie Sanders of VerĀ­mont and ElizĀ­aĀ­beth WarĀ­ren of MassĀ­achusetts, high-lighted a litany of economic shortĀ­comĀ­ings in primetime speeches on the conĀ­venĀ­tionā€™s kickĀ­off night, includĀ­ing what Mr. Sanders called a ā€œgrotesqueā€ level of inĀ­come inĀ­equalĀ­ity.   WSJ 7-27-16

It seems to me the fact relatively few Americans benefit from high levels of wealth and income generated primarily  from investments (except perhaps celebrities and star athletes) is not what is grotesque.

What is shocking, however, is that for years politicians have failed to tell average Americans the truth about a new world economy, about the changing look of jobs in America and the world and the need for Americans to make significant adjustments.

What is shocking is that rather than a sharp focus on stimulating the economy in any number of ways to create ongoing wealth and opportunity, politicians focus on artificially “helping” Americans through scapegoating the wealthy and through wealth transfer programs.

If you do not address the fundamental problem, you don’t solve it.

You don’t solve poverty unless those in poverty earn an income lifting them out of that state permanently. Did we solve the problem, if that is what is was, of home ownership via sub-prime lending? Did we solve the problem of health care costs by subsidizing premiums? Will making college tuition-free before we make college efficient and students well qualified and motivated toward a valuable degree solve any problem? Does raising the minimum wage permanently solve any problem if low-skilled workers remain that way and an economy adjusting to the new wage level simply raises all wages and prices?

Who doesn’t want to solve the problems we face? But for Pete’s sake, let’s find real solutions that are sustainable, not simply mask the problem with more forms of wealth transfer that often trap people in their troubled state.

 

Advertisements

Categories: My Opinion

Tagged as: , , ,

What's your opinion on this post? Readers would like your point of view.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s