If wages had kept up with production in this country the medium income wold be $60,000 instead of $40.000.
Henry Ford was asked why he payed his workers so much, and he replied "so they can buy my cars." Some how this simple concept has been lost on the business community.
You lower taxes for the middle class and another branch of goverment (state, federal, and local ) raise fees. Texas is a prime example of this, just look into thier plans for toll roads: which are a tax in disguise, and the money pulled out of this will not go into the public coffers, it will go to investers who are granted a monopoly.
The heads of corporations are over compensated i.e. over a 190 million doller retirement package for the retiring CEO. of Exxon Mobil.
EVERY NATION THAT HAS FAILED TO MAINTAIN A VIBRANT MIDDLE CLASS HAS FALLEN. Learn your history, or are we to wait until the peasants are in the streets with pitch forks, and torches, while the 1st lady says "let them eat cake".
2007-04-13
14:05:49
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2 answers
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asked by
Richard D
1
in
Business & Finance
➔ Taxes
➔ United States