Looking much like an escapee from a traveling carnival’s freak show, we have yet another Democrat desperate to divert attention away from the debacle that is Obamacare by talking about what has now become the latest mantra of the Democrat Party. Rosa DeLauro, scumbag Democrat, who by the way is worth millions of dollars according to her congressional financial disclosure statement, says Congress needs to tackle income inequality because it "poses an existential threat to our nation and our way of life."
It was from the House floor last Wednesday that DeLauro said, "Every generation of leaders in this institution has faced their own time of testing. Whether it’s an economic panic, Great Depression, slavery, Jim Crow, Civil War, World War, Cold War. There are times when our country is confronted with a crisis that poses an existential threat to our nation and our way of life and Congress needs to stand up and act." She droned on saying, "The test of our time is inequality."
Far from being done she went on to say, "It’s not too much to say that inequality threatens the continued existence of the middle class in America and even the American Dream itself." Adding, "The question before us now is: are we going to continue to be the land of opportunity, social mobility and the nation that forged the largest middle class in human history during the 20th century, or are we going to become a nation of very few haves and millions of have-nots?"
Now according to her congressional financial disclosure statement for 2012, DeLauro is worth between $5 million and $25 million. The form allows members to state ranges of value for their assets rather than exact values. In November 2013, the website Celebrity Networth listed DeLauro’s fortune at $20 million in its "Richest Politicians" category. So I guess it's only ok to be wealthy if you're a Marxist scumbag just like it was under the Soviet Union. The rest of us have to live with the government tyranny.
This woman talks right out of the communist manifesto. Of course, she's talking about the 'little people'. She and her cronies are exempt, because they are just oh so important. They NEED their posh digs, their junkets, and all their freebies so they can manage all the inferior beings that they 'represent'. Do they even listen to themselves and hear how ridiculous they sound? I guess their world is so detached from reality that they unable to recognize that they’re full of BS.
And so it is then that solving the issues of income inequality has now become the top priority for the Democrats. But despite all of the supposed urgency with which they claim the issue must now be addressed, the solutions being presented are wholly naïve and reveal an understanding of capitalism that’s even less than your average fifthgrader’s. And while it’s a fact of life that disparities between rich and poor are as ancient as civilization, that seems to matter very little to Democrats.
But if Democrats were really as serious about it as they claim, one obvious way to lessen income inequality would be to stop with the transferring of wealth from young to old, or to tackle entitlement reform. But Democrats want no part of that, they only want only to raise benefits, clinging to entitlements that disproportionately help the rich and middle class. While liberals say that government can’t completely solve income inequality, they fail to admit that it has been increasing it through bad policies for decades.
Democrats push around scraps of relief as substitutes for dealing with the underlying drivers of income inequality, including family erosion, high school drop-out rates, the marriage crisis, globalization and the primacy of knowledge-based economies, high incarceration rates among inner-city men and the fact that rich, well-educated people tend to marry other such people, maximizing wealth in high-income households. And the simplistic solutions put forward by Democrats don’t match the causes.
And raising the minimum wage is not the way to go, and there are mounds of data that back that up. Economist David Neumark, an expert on minimum-wage economic studies, says that an economic rule-of-thumb is that every 10% increase in the minimum wage reduces teen employment by about 1% to 3%. In October the U.S. teen jobless rate was 22.2% and for black teens it was 36%. A higher minimum wage combined with the health mandate could mean up to a 10% reduction in jobs for the poor and young.
Capitalism has many benefits compared to other economic forms.
1.In general, capitalism produces more wealth.
2.Capitalism actively rewards positive traits like hard work and ingenuity. Similarly, it punishes negative traits such as laziness and theft.
3.Capitalism is more compatible with democracy than other systems. In fact, there are few republics or democracies in the modern world that are not capitalistic.
4.Capitalism is more compatible with Christianity than other systems.
5.Free markets are the natural state of trade. Unlike socialism, which requires government interference, capitalism can develop naturally. Therefore, capitalist societies tend to have smaller governments.
6.Free markets can conduct certain functions that are normally handled by the government. Therefore, capitalist societies tend to be more efficient and free from government control.
7.The competition between markets and businesses will create more productivity in the work place, allowing the rate of technological innovation to increase. This will cause the society to advance while the costs of goods and services will decrease.
8.Governments in capitalist societies tend to generate more wealth, since more wealth is being produced. Therefore, capitalist societies tend to be stronger.
9.Capitalist societies usually do not have large black markets. Therefore, capitalist societies tend to have less crime.
10.Capitalist nations promote free trade allowing more nations to cooperatively work together for more economic liberty. This will likely mitigate disputes between nations.
Liberals must care deeply about inequality because their policies do so much to increase it. But let’s face it, what’s really going on here has very little to do with what’s being called income inequality. The Democrats are desperate to come with something that they can use to distract attention away from Obamacare as the next election edges closer with each passing day. And they also hope to be able to further divide us, because the more divided we remain the better their chances of holding onto their power.
So folks, it’s going to be up to us. Are we going to fall for this latest ploy by the Democrats, or are we going to be willing to look past all the smoke and mirrors and be able to recognize things as they are. And if we allow them to succeed in pulling off this little charade, we certainly won’t be doing ourselves any favors, plus I’m sure they’ll all get a good laugh out of once more being able to pull the wool over our eyes. So whatta we gonna do? Be played for suckers yet again, or do something about it?
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