Posted 8 years ago on Oct. 10, 2011, 11:21 p.m. EST by Rico
This content is user submitted and not an official statement
The hope of our Founding Fathers that we would educate ourselves in the matters of State and become responsible leaders of our own fate seems to be proven wrong with each passing year. This "Occupy Wall Street" movement is only one example.
The members of this movement imagine anyone living under better conditions than they as a member of the "wealthy" class wearing top hats and twisting their waxed mustache between thumb and forefinger while snickering at the masses, "Muhahaha ! Soon I'll own it all !" This is absurd.
The vast majority of "wealthy" people are more like me than the cartoon character folks imagine. I have no college degree, and neither does my wife. We have put two children through college. We have a third child who suffers from schizophrenia for whom we provide all support. We have a modest four bedroom home in California, and a two bedroom condo in Texas we provide for our daughter. Both my wife and I have a 20+ year history of working 60 hour weeks, and our success is purely the result of the effort we have invested. Last year, we paid in excess of $78,000 in taxes at the Federal and State level, not counting sales or property taxes. I suppose this is my "fair share."
I'm confused regarding what exactly "my fair share" really is. My wife and I don't use or benefit from government services any more than my fellow citizens. In fact, we probably use and benefit from them less than most.Nevertheless, our progressive tax system has us paying $78,000 a year in taxes simply because "we can afford it." How fair folks would think it would be for a grocery store to charge you more for a loaf of bread than the people next to you in line because you seem more able to afford the higher price?
I know the folks in this movement aren't targeting me personally, but the general idea of the "wealthy," those "who got us into this economic mess." The "wealthy," however, can't hoard all their money in a sack full of gold and deny it to the general population. They could back when we were on the gold standard, but not anymore. Their money is in banks and investments. If they spend their money, they're creating jobs buy buying things. If they don't spend they're money, the banks lend it to people who will. Sometimes the banks invest it in stocks or bonds which provide capital to start new businesses or grow existing businesses by providing goods and services the general population wants. Regardless of what they do with their money, it results in jobs.
Unfortunately, many of the jobs that are being created are overseas. This is not because "THEY" are greedy, it's what we asked for. We, the people, decided the best product is the cheapest product, and we buy foreign products rather than domestic products. Business gave us what we asked for.
Shouldn't Government have "Done Something" about all these jobs going overseas ? Sure, they could have imposed tariffs so the buying decisions we citizens make would not harm us. Instead, Government left us the freedom to choose, like the responsible and informed People our Founding Fathers imagined.
One of the only businesses in which America remains strong is Investment and Finance. Yes, we bailed them out. Read about the Great Depression to understand why, and remember, the money that was being lost was ours, not theirs; our investments, 401Ks, and savings. They've largely paid us back with a tidy profit to boot. It's history.
While we're on the topic, do folks need reminding that paying back what's owed is a critical attribute underlying any modern economy? The financial system melted down because folks signed on the dotted line for mortgages they couldn't afford. Did someone make them sign ?
Government is not your Parent, and it's not "THEIR" fault. Business and the wealthy create jobs by giving you what you ask for, and its not "THEIR" fault. It's certainly not MY fault, and I shouldn't have to bail you out of your bad decisions. I'd consider it, but I know you have no intention of behaving like the Banks and paying me back in a few years with interest.
It's not "THEM" it's "YOU." Grow up.
EDIT: Folks here have caused me to change my position somewhat. See my post at http://occupywallst.org/forum/one-percenter-ready-to-join-if/