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Wages Going Down and Cost of Living Still Going Up |
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Written by Mike Griffon
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Saturday, 19 December 2009 22:38 |
They Drive Down Our Wages And Then Raise Our TaxesFor the entire history of the United States wages have consistently gone up. Politicians, governments and corporations got into the habit of automatically raising taxes and prices year after year. The fundamentals have changed so that wages have been flat or declining since Reagan started screwing workers back in the 1980's. Free Trade will force incomes down in the United States and Europe until they are equalized with China so we can expect a declining economy for many years to come. It's time for us to slap the politicians and corporate parasites 'upside the head' and teach them the new rules.
Wall Street and the corporate parasites expect to increase their revenue every year regardless of what is happening to consumers. They were warned by Ross Perot when the NAFTA Free Trade agreement was passed that American workers would either lose their jobs to cheaper offshore labor or their wages would be driven down until they could compete. That's exactly what has happened. Politicians and government officials have implemented policies like Free Trade that are driving down our wages and yet they still expect to be able to raise taxes every year, especially with more and more companies moving their production plants offshore which cuts the tax base. As the tax base falls, they expect to keep up their revenues by increasing taxes on the taxpayers that are left.They automatically give cost-of-living increase to government employees because that's the way it's always been; we need to teach them that the 'fundamentals' have changed and that taxpayers will not be able to continue paying higher taxes. If our wages are going down, then taxes will have to go down too. The impact of Free Trade has been largely hidden because consumers were able to borrow against the equity in their homes or run up credit card debt and merrily keep on consuming even though their incomes were declining. For 15 years, America has been spending more than it created or earned. The Great Recession is the inevtiable result of the most stupid economic policies that the world has ever seen. Wall Street and the corporate parasites have increased their own incomes by cutting labor costs and diverting the money from workers pockets into their own. They manipulated politicians to change laws to allow the looting of the economy until the system became totally unbalanced. The supply-side got richer and richer while the demand-side lost its buying power. Remember Ross Perot saying, "If you ship all the jobs offshore, who's going to buy your pickup trucks and refrigerators?" Answer: The Chinese but what they buy in China is made in China, not in America.Don't expect the corporate parasites or government officials to get the message by observing the trends in the economy. They don't want to admit that their trade policies are unbalancing our entire economic system and they certainly don't want to modify their behavior. Taxpayers will have to confront them to force a change in policies.Now, the Wall Street Bankers are whining about the government imposing new regulations that will prevent them from wrecking our economy again. Obama should tell them, "Either accept the new regulations or we'll let the American People tear you bastards to pieces." And then remove all police from Wall Street. I'll bet that they'll decide to accept the regulations after that. Corporate executives have been sending jobs offshore wherever they could. Whatever jobs were left, they gave to illegal immigrants and they got the Bush administration to leave the border open to anyone that wanted to invade. Don't believe it? In the last ten years, more LEGAL immigrants have been allowed in than at any other time in our history. Who decided to change to an 'open-door' policy? Answer: The US Chamber of Commerce and their parasite in chief Tom Donohue. (If you are thinking about committing suicide because you've lost your job and your home, remember that a gun holds 6 bullets. You only need one; maybe you should think about using the other 5 on Donohue?)Since Reagan, corporate America has been making war on American workers. It's time to return the favor. Governments can't keep raising taxes automatically every year. Utility companies have to learn to drop fees not raise them. Corporations have started lowering prices to deal with the lowered buying power of consumers. They should learn that, if consumers wages are going down, then the corporate revenues are going to go down as well. Let's see them explain that to their investors.The global corporations have reduced their American labor costs and they even admit that its small business that creates jobs in America, not the big corporations. OK, so what do we need them for? Let's get rid of the global corporations and give the business to small companies that will support our economy and our workforce. We should do everything possible to make the corporate execs miserable. Faced with higher taxes on their bonuses, Bankers are threatening to move to Singapore or some other place. Let them leave the United States; we'd be better off without the scumbags. At least we'd regain control over our government once the Bankers and their lobbyists are gone. |
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Last Updated on Thursday, 31 December 2009 03:31 |
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