I can see the obvious problem, abuse and solution to our dilemma. It's the dogmatic practice of "get rich quick" scheme. We've allowed companies to charge exorbitant rates for their products and pay low wages to increase its profits. In pursuit of get rich quick schemes, they began to outsource their product and services to foreign countries to be able to pay slave wages and increase their profits.Rising overhead costs spurred them to raise their prices and suppress the wages and benefits they pay out to their employees. Instead of putting a cap to the prices, the government allowed them to increase their prices without raising the wages of those they hire. Everything became based on how much profit one could muster at everyone's expense. This practice soon got out of hand and continues to escalate as common business practices.Where 40% profit was considered good and decent, it jostled to the point where some businesses now make up to 3,000% profit while the consumers are charged for their taxes inevitably paying the taxes for the businesses. Perks allowed businesses to take illegitimate tax deductions that most taxpayers are unable to.In the end, taxpayers get taxed for all their earnings and every cent they earn, they pay additional taxes and frivolous fees on just about everything they spend. So we pay taxes on everything we earn instead of any profits, whereas business are taxed only on profits; we pay for all the businesses' taxes and perks/benefits; we earn less pro-rata than we have a hundred years ago; the buying power of the dollar is much less; we are charged high interest rates yet we receive much less for our savings and investments.What becomes acutely evident is our earning power is greatly diminished while the cost of living has escalated to unreasonable amounts. If there should be parity between earning power and cost of living, today's wages should be about $35.00 an hour based on a 40 hour week. This is why we give the economic architects a failing grade of "F".
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