One teen’s take on our economy

This was not written by me*. It was originally a Facebook post and the author agreed to let me post it.
*note links were added to enhance reader experience

“Status Quo is Latin for “the mess we’re in”
By Hannah Kavelak

So… information was released stating the economy contracted by 1%, but apparently it’s “no big deal.” Ridiculous.

If our economy is so weak that bad weather can make it spiral down, then there’s a big problem. However, severe winter is not all to blame.
I found it notable to add that with the implementation of the healthcare law, ObamaCare, the economy shrank. Of course it would. When people’s insurance bills become higher and more expensive than they were before to pay for those who don’t have to pay, less money is going to be spent on consumer goods.

This is (as monthly reports have come in stating consumer spending is down) catastrophic to the economy, since 2/3 of the economy is supported by consumer spending.

The continuation and further redistribution of wealth also prohibits growth. A lack of an incentive to work lingers, because people can choose to live off of welfare rather than work.

I’ve probably said this before**, but it’s worth saying again:

1. You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.
2. What one person receives without working for, another person must work for without receiving.
3. The government cannot give to anybody anything that the government does not first take from somebody else.
4. You cannot multiply wealth by dividing it!
5. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that is the beginning of the end of any nation.
Daniel J. Mitchell**

So how to fix it?

Of course, the big thing is to cut spending drastically. However, that can’t be done overnight; a quick reduction of trillions of dollars swiftly would be so shocking to the fragile economy, there would probably be another recession. Like with someone addicted to some drug or medication, it has to be reduced gradually, less they experience withdraw or shock.
Repeal the Healthcare law. It benefits the minority by hurting the majority. Also, the continuing centralization of government control over many things in our lives is incredibly dangerous.

All it takes is a corrupt leader (not exactly a tyrant, or dictator, but someone corrupted) to make one move, and in the blink of an eye, affect all 320 million of us negatively. Rights can be reduced, bills can be hiked, freedoms can be taken away with the manipulative words of one person.
Reduction in taxes for all (A dream!). If government spending ever gets under control, reducing taxes for every class would be beneficial. If citizens have more money in their pockets instead of giving it to government, it can be spent on consumer goods and boost consumer spending, thus bringing up the economy greatly. (As stated before, those 2/3!)

Bring back jobs here. Re-shore. Make it more attractive to businessmen to keep their companies here rather than in poorer countries overseas.
Energy independence. Why not have the Keystone Pipeline? Fracking is booming currently; keep it up. Using our own resources means we won’t have to buy it from other countries.

Complete overhaul of the welfare system. An outstanding number of people living off of food stamps and taxpayer money is never good for any country. It creates dependency and reduces revenue. Make it more difficult to get on welfare.

Advertisements

2 thoughts on “One teen’s take on our economy

  1. The rich, the wealthy don’t spend their money though. That is money that doesn’t go into the economy. They off-shore their money in tax havens, so it’s not even in American banks! Lowering taxes on the rich does NOTHING for the economy, despite what Reagan thought. Trickle down economics does nothing but make the rich, richer…which in and itself is not a bad thing, but it doesn’t help the economy one bit. So let’s not delude ourselves that somehow not taxing the rich helps us, it only helps the rich, and there’s no president that’s going to make that one go away, because that particular law benefits them directly. So yes, let’s just cut spending, because it’s the ONLY way we’re getting out of this mess. Sad thing is, even some members of the rich are willing to pay more in taxes to help. It’ll just never happen.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s