IT IS NOT HOW I SAY YOU SHOULD LIVE, IT IS NOT HOW I WANT YOU TO LIVE, BUT THIS THE WAY YOU WILL LIVE
Friday, September 23, 2022
THE AMERICAN MYTHOLOGY 1 B
LIFE IS A GAME OF CONNECT THE DOTS, IF YOU DON'T CONNECT ALL THE DOTS OR DON'T CONNECT THEM IN THE RIGHT ORDER YOU NEVER GET THE PICTURE
THE AMERICAN MYTHOLOGY 1 B
Taking America Back
I am an open minded, self educated person, even though I have degrees, I also have a personal collection of books, on many varied topics. I like to read, I study things, I follow trends and analyze things.
Not to brag on myself, if you question about something and I happen to have the phone in my hand the answer you will get is off the top of my head, I may also follow up with a Googled reference to confirm my reply.
Now then though, 48 years ago, I started job, working for the City of West Palm Beach as a street lighting technician, si. Months probation, starting salary $6.25 an hour, after six months, permanent job, healtcare, holidays, vacation, retirement, it was a great time, I quit at six months to the day and left for hitch hiking across the country.
Okay, so I will try to keep it short, and not bore you with a whole lot more detail,
Back in 1974, if you had gone to work full time at say Ford, or Sears, or Burger King, you were guaranteed a retirement , a decent wage, healthcare, and other benefits, it was easy, as the top corporate tax rate was 74% it cost the company only 26 cents to give the employee a $1 in benefits ( the employee compensation is not considered a taxable income,). When tax rates were even higher the corporations and the super rich built hospitals, they built universities, they built museums, and art galleries. At ninety percent tax rate it costs you a dime per dollar to do good or even great things.
As Mr. Reagan became president he was supported by the rich for a promise of tax cuts. As the tax cuts went into effect it cost the corporations more money to give pay raises or to provide benefits to the workers, or do charity work.
You see where as it used to only cost 26c for a dollar increase in benefits now it cost 50c, and with more items available to cut the tax bills the worker compensation and charity work had to compete with those newer deductions that benefited the owners directly. Retirement was eliminated and replaced with a 401k, and healthcare was replaced with healthcare savings accounts. The average worker was at a disadvantage, first it is hard to save money already, and when wages came under pressure due to lower taxes for the rich, the workers lost big. And all this before the NAFTA that was originally pushed by Reagan and finally signed by Clinton (not a true friend of the poor either, we will talk more about the Democrats screwing the poor too).
There were other items in the Reagan tax cuts that also hurt the working class and we will talk about those also).
Another thing about the tax cuts that also hurt the average citizen was that the corporations and the rich had more cash (saved due to lowering the costs of employment) to buy more politicians.
This how the tax cuts for the rich have been working, another tax cut by W, and another by Trump, no wonder we have the richest people ever in the history of mankind, another politician for sale, anyone?
I WILL WRITE MORE SOON
M. N. R.
23 SEPTEMBER 2022
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