Well, let's talk a little about the economy - and what's not being said. Just a few little things I've noticed.
The Administration keeps on telling us about jobs that have been created by them. First, the government doesn't create jobs, the private sector does. Second, why aren't they discussing the 120,000 postal workers about to be laid off?
The Administration is quick to tell us when the "jobless rate" gets lower. What "jobless" rate? They're talking about the 9.2% of Americans currently drawing unemployment checks. According to Gallup our UNDER employed rate is 27.9% (Jul '11). That includes the 18.1% of Americans who are unemployed, but they're unemployment benefits have stopped and the 8.8% who've taken part time jobs because they can't find full time jobs. Unless my figures are totally off-base, which I doubt, than we actually have 37.1% of our over-18 population not working or not working to their full potential. That sounds like a pretty big problem to me!
BTW, I have heard news reports where a number of employers say they can't hire people because the salaries they're able to offer are less than the prospect is making in unemployment. I have a solution. First, no more e-filing of unemployment. You must go in to the unemployment office. Second, you must go on a minimum of 3 interviews a week. You must turn in those interview cards and they must be signed by the interviewer. Cards will be spot checked. If you fail to do that, your unemployment benefits are cancelled. Third, if you turn down 3 job offers, your unemployment benefits are cancelled. Now for the folks that are being offered jobs with salaries less than unemployment benefits, if they take the job, the unemployment bureau(s) will make up the difference between what the employer pays and what unemployment pays. That way employers get the people they need, the new employees don't take another income cut, and the taxpayers save some money too! Oh, yeah - Obama says he needs Revenue, well these folks will now pay income and social security taxes. Before they just paid income taxes - maybe.
Corporate taxes. Do away with them. Corporations don't pay corporate income tax, consumers do. If you do away with the corporate income tax, the following MIGHT happen:
A. Corporations may bring some of their foreign jobs home.
B. The funds they have stashed in foreign banks may come home.
C. With the increase in funds available to the corporations, hiring MAY improve.
Income tax - kill it or change it. The IRS reported $1.09 trillion in Federal Income Tax for 2010. The Census Bureau reports (2009 figures) that the EMPLOYED work force was 139.9 billion people. The news media (primarily Fox) reports that 42% of Americans pay no Federal Income Tax.
Therefore, 64.7 billion members of the work force (includes the unemployed) do not pay income tax. The remaining 81.1 billion EMPLOYED people pay the entire $1.09 trillion. The Census Bureau also reports (2009 figures) that 12 billion American households have an average annual income of $117,181. If we put in a 10% Flat Rate Income Tax with NO deductions, than the IRS would receive $1.41 trillion. A net increase of $32 billion and everyone pays their fare share.
If my math is correct, the average spent by households per year is $1,116.5 trillion. If we institute a simple 2% Federal Sales Tax, and kill the Federal Income Tax, the revenue to the government would be $2.23 trillion. A net increase of $1.14 trillion and everyone pays. It could even be higher, because I'm not sure if the Census figures are Gross Income, Adjusted Gross Income, or Total Income. We all know what our Gross and Adjusted Gross Incomes are, but what is Total Income? Total Income is Gross Income plus what's not on your 1040 form. As an example, approximately 25% of my TOTAL Income is Service Connected Veterans Disability Income. Those dollars do NOT go on my 1040.
If a 2% Federal Sales Tax would more than double the USA's Tax Revenue than why the hell aren't we doing it?
Fox News favorite advertisers sell gold. They are constantly telling us that money's bad and gold is good. If that's true, why do they want to trade their gold for my money?
Finally, Mitt Romney was blasted by Democratic Hecklers last week because he said Corporations were People. Let me explain. Corporations are businesses owned by shareholders. Shareholders are people. Corporations employ people. Corporations make items that people buy. If you, Mr. Democrat, invest in the stock market, mutual funds, or variable annuities - either directly or through your retirement program - you are one of those people that OWN corporations. If you, Mr. Democrat, hold a job and work for a living, the odds are that you are one of those people that are EMPLOYED by corporations. If you buy stuff - cars, boats, clothes, appliances, and so forth - than you are one of those people that BUY from corporations. If you only fall into the third category - and only a little bit - than you're probably on welfare and will vote to re-elect Obama!
Last issue I stated that I would support Sarah Palin or Herman Cain for the Presidency. Revise the list to include Rick Perry.
God Bless American Conservatives - the only true Americans left.
Gunner Sends
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