Friday, January 29, 2016

Paul Krugman reminds us not only of the greed of the 1 percent, but, there is an untapped economic resource right here in the USA.

The plutocrats are oppressing the USA economy because of their greed. I remind taxation of the super rich is a real method of returning viability to an entire sector of the USA economy. The poor and the working poor have little to no presence in the USA economy except for the subsistence economy. 

Today, the working poor has trouble even making ends meet, but, what would happen to the USA economy if they were given education resulting in a boost of 20 percent income? Imagine if every one of the working poor were given 20 percent more in income; what would occur in the USA economy? The economy would explode beside proving a path to homeownership.

A balance in foreign trade is important, but, the very citizens within the USA that need help in achieving a better quality of life is also an untapped trading partner. 

New domestic trade partners are untapped markets.

Think about who is not able to afford the products the USA cottage industry produces. There are two ways of reaching that untapped economic partner; either by lowering price or increasing incomes. I think the best and most secure way of achieving better market share right here in the USA is to increase the income of those out of reach. To lower prices is simply a guarantee a crash to the market place of local economies. Cottage industries should maintain their prices, their product quality and maintain their market share, but, demand the working poor have improved quality of life and income to bring them products that are currently out of their reach.

January 26, 2016
...The Clinton view, (click here) on the other hand, seems to be that money is the root of some evil, maybe a lot of evil, but it isn’t the whole story. Instead, racism, sexism and other forms of prejudice are powerful forces in their own right. This may not seem like a very big difference — both candidates oppose prejudice, both want to reduce economic inequality. But it matters for political strategy.

As you might guess, I’m on the many-evils side of this debate. Oligarchy is a very real issue, and I was writing about the damaging rise of the 1 percent back when many of today’s Sanders supporters were in elementary school. But it’s important to understand how America’s oligarchs got so powerful....