Wednesday, March 4, 2009

Speed kills

I am interested in why there is such a great need to speed these bills through Congress, instead of allowing the American people to see and understand them. Now, I understand that there are people so insulated from the rest of the world that they will not see that hurting another group of people will only hurt themselves.

Being envious of other people for what they have, rather than working to try and attain that for yourself is easier, but ultimately it will be worse for you in the long run.

For example, let's take the minimum wage. The Democrats argue that we must ensure that all the population has a shot at a decent salary to live. I agree. But to have the Government to mandate what that wage shall be is where the problem lies. They have too big a dog in this fight for it to be altruistic. See if this makes sense.

Government raises the minimum wage on the lowest wage earners. When your salary goes up, so does your taxes!!!!!!!!!! The government makes more money when they try to tell business what to do. If you raise the lowest wage earners salaries, then items will cost more, because businesses will have to raise them to cover the cost of those wages. In effect, this becomes another hidden tax. The higher paid people argue that they deserve more than the lowest wage earners, so they will get a higher income. More money for the government. This causes another price rise for the businesses and prices go up. The people for whom this minimum wage increase was supposed to help, now pay more taxes and their dollar is worth less. Businesses make about the same overall. The only group that makes more money is the government. This is not even getting into all of these other issues of capital gains taxes, retirement accounts, housing values (etc.). It is like the only reason to have taxes is not to raise money for the government, it is to force people to live a certain way.

Right now, the Obama administration is acting like a manager who is fighting to keep his job. He has no clue of why he is there. All he knows is that he must do something or else he will lose his job. Whether it is right or not is beside the point, he must keep doing.

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