Socialism doesn't work. Communism doesn't work. For some reason a few people have forgotten history. They are protesting Wall Street...whatever they think that represents. The catch phrase is corporate greed. What is a corporation? Do they even know? Corporations are owned by anyone who buys stock in that corporation. Hopefully the stockholders will receive some sort of payout when the corporation makes a profit. If the corporation is successful the stockholders may sell their stock for more than they paid for it. It is a way to invest their money. Corporations pay taxes on profits. Then the owners...stockholders that receive a payout, a dividend, again pay taxes on that income. Our government is right there to take a cut of everything. Corporations are regulated by laws that restrict everything they do as a business.
For years businesses have moved out of the country. Most things we buy these days are made in other countries. That means fewer jobs for the people here. We also make it easy for people from other countries to come here illegally to work for low wages and take entry level jobs that in the past would be given to our young people. They come from countries that encourage a high birth rate that their economy cannot support. They come here for a better life, but they are exploited too. Then taxpayers here must make up for the benefits and taxes illegals don't pay. Our laws also make it easy for employers to hire workers and call them independent contractors. Employers don't keep good records of independent contractors and they don't pay for income taxes and benefits for these workers. Most of these employers are small businesses, such as small contractors, restaurants, landscapers, and housekeeping agencies...to name a few. Our government has enabled illegals to come here and bring their children. The children go to our schools and grow up American. Then our country sends these young people back to places they don't know and don't fit into. They don't know how to live in their birth country. We let that happen. I think we owe these children something. Though many of our tax payers may not agree. We let our own children age out of foster care and give them very little help.
We have built an economy based on inflation. The government likes inflation because when wages and costs go up taxes increase. Even in recession we have inflation. The worst example of inflation is the cost of homes. Our government could have stepped in and put a stop to the artificial increases in home prices. They let the scam continue until our banks and financial institutions had loaned millions...billions...on inflated values. Now we have people that owe more on homes than they are worth. Where did the money go? The banks didn't get that money. They are holding the bag when they have to foreclose on property that is worth less than what they are owed. The money in those banks come from depositors. The real estate profits went to real estate brokers and to the lucky folks that sold property for lots more than they paid for it. And a share of those profits went to the government when all that gain was taxed.
It isn't corporate greed we need to worry about. It is individual greed. It is the government...those in power in our government that want to suck the worth out of our country. People in government are looking at Social Security for some way take it away from the people it was promised to as a pension. Employers and employees have paid into Social Security for years and now there are those in government that want to rob it. Social Security does not belong to the government. It belongs to the people that paid for it.
Protesting against big corporation and big banks is silly. The only people that could win in this situation is the socialists that have wanted to take our country down for years. Our government has made some big mistakes but with some common sense we can put things right again.
