Tag Archives: Private Enterprise

Progressing America: Theodore Roosevelt- The New Nationalism

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Source: IZ Quotes

What Theodore Roosevelt was advocating for in what he called The New Nationalism, was what became The New Deal in the 1930s. Which is what became the American safety net. Progressives don’t believe in blowing up capitalism, they simply want to make it better so it benefits more Americans. Unlike Socialist presidential candidate Eugene Debbs who also ran for President in 1912 and Senator Bernie Sanders and other Socialists (whether they call themselves Socialists or not) today.

Teddy Roosevelt’s New Nationalism was the political platform that he and his Progressive Party ran on in 1912.

Unemployment Insurance for American workers who are unemployed.

A minimum wage for all workers.

A national pension system for all workers that they could collect from when they retire.

A national health care program that would cover both health care and health insurance for Americans.

Most of these proposed programs became part of President Franklin Roosevelt’s New Deal agenda in the 1930s. Pre-safety net in America if Americans fell on hard times, they either had to take care of their problems themselves, or get friends or family to help them out, or rely on private charity. If they still couldn’t get their issues taken care of, then they were essentially screwed, or out of luck. (If you want a softer term)

What became the New Deal in the 1930s and then later the Great Society in 1960s, did was to guarantee financial help and assistance for any American who fell on hard times and needed financial assistance in form form. Neither Teddy or Frank Roosevelt, wanted to blow up the American capitalist system and replace it with a socialist system. But instead make American capitalism better and make it work for more Americans.

 

 

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HBO: Last Week Tonight With John Oliver- Economic Development

Source: This piece was originally posted at The Daily Review

I get that John Oliver don’t like corporate welfare and neither do I and perhaps views any tax incentives as private business and individuals steeling government’s money. (As Socialists would argue) As if government has any of their own money. The old phrase that money doesn’t grow on trees is particularly app when talking about government. Even when government prints money (which is government creating money out of thin air) they need to actually print the bills with a printing machine. Instead of planting paper in the ground and hoping it eventually grows on trees.

If this is about pork barrel spending, then I agree with Oliver on that as well. Tax dollars that are purely designed for politicians to be able to pay off their political debts to their contributors and creates no economic benefit for the constituents that they represent. Which is nothing more than a form of legal bribery in America whether its done from Congress, or at the state and local levels.

The reason why people stay in Congress for so so long, well their several reasons. They represent people who don’t have enough time to research incumbents and candidates, because they’re too busy staring at their i-phones and watching reality TV. Which of course is really important in life, not like trying to figure out where their hard-earned tax dollars go whether its for pork or for anything else.

But also people stay in Congress both in the House and Senate for so long because they get fat from pork. And are too fat to move out of Capitol Hill and actually get a real job. And as long as voters don’t do their homework on people that are supposed to represent them and people who want to replace their porky Representative’s and Senator’s, we’re going to see tax funded scandals like this. Money to companies that only get tax funded subsidies because they knew who in government to call and to payoff.

That fact is if you want jobs and you want Welfare even and a broader welfare state all together, which is the pot fantasy of a lifetime for Socialists in America, you need what John Oliver was talking about the beginning of his rant which are jobs. You want businesses investing in your communities and they need incentive to locate there. They need a workforce that is actually qualified to do the jobs that will be there. I know, that sounds crazy having people qualified for the jobs that they’re supposed to do.

But you also need regulations that are easy to understand and actually make sense, are actually needed, and don’t make doing business in your community too expensive. I know, more commonsense, I guess I’m just old fashioned that way. Otherwise we won’t have a society where everyone is on Welfare and that socialist dream will never come because again money doesn’t grow on trees, not even government money. (Sorry Bernie Sanders supporters) But instead a society where everyone is homeless or looking for an affordable place to live because no one has a job. Because taxes are too high and regulations are so strict that government is practically running what are supposed to be private businesses.

HBO: Last Week Tonight With John Oliver- Economic Development

David Brin: Greed, Oligarchy & Marx

img_9631Source: David Brin: Greed, Oligarchy & Marx

I’m going to quote Milton Friedman here in his 1979 interview on the Phil Donahue Show that you can see here as well. But Phil asked Professor Friedman essentially, what is greed and tried to explain why he believed greed was a bad thing. With Milton replying by saying, “what is greed? Do you think China, Japan, Russia and Europe don’t run on greed? Do you believe we as Americans aren’t greedy?” And he jokingly said which got a laugh from the audience, “it’s only the other guy whose greedy.” I would’ve added while everyone else is selfless. But Milton’s point there was perfect. Greed according to Webster’s, “is a selfish and excessive desire for more of something (as money) than is needed.” Which could cover a whole lot of territory. I mean all we really only need to be able to move around, have enough food, a place to stay, security and health care, in order to survive and keep living.

I’m not making the case for excess and for people to make money off  of others in an unfair manner by essentially stealing what others worked for to collect for themselves. I’m saying that greed in of itself is not a bad thing and when managed properly is a very effective and necessary tool to have a strong economy where economic freedom is available for others. Because you have a society where everyone is incentivized to get educated, work hard, be very productive and then yes collect the fruits of their labor. Because government isn’t taxing people to excess and being greedy with other people’s money. Even if they want to help the less-fortunate. But instead everyone has the opportunity to live well and be successful. To be able to take care of themselves economically and create those opportunities for their kids as well.

What we shouldn’t be doing from the Far-Left is to say that rich people have a lot of money and the poor and the lower middle class (Donald Trump voters) are struggling just to keep their jobs and pay their bills. So the answer here to take heavily from the rich and have government take care of everyone else. Which is what Phil Donahue advocated for in the 1970s and 1980s and what Senator Bernie Sanders and other Democratic Socialists, advocate today. Because then you would create an economy where no one is wealthy and no one can be greedy, because everyone is poor. Unless they have a sweet job with the central government. Because now you’re punishing success and wealth and subsidizing poverty. With people thinking they can just live off of government. But no one left to pay those bills.

Again, greed by itself is not a bad thing. Like anything else when there’s too much of stand when it goes uncheck, when power becomes unbalanced and absolute with one group of people with no checks and balances, is when greed becomes a problem. When you allow people to not only get real wealthy, which by itself is not a problem, but then when you let them essentially write off all of their tax burden and stick the middle class with the taxes for the rich, is when greed becomes bad. As much as Gordon Gecko believes greed is good. (Great Wall Street 1987 line) Greed is good, but so is water, but with too much water you can drown and with too much greed you could drown the economy leaving very little opportunity for anyone who isn’t real rich which will be most of the population.

I’m not a Socialist, especially not a Marxist and I’m not an Randian (named for Ayn Rand) When it comes to economics. But a Liberal in the Jack Kennedy sense (the real sense of liberal) who believes in individual freedom economic and personal, but for everyone. That yes you want wealthy people and you want an upper class. But not just for the privileged few, but for a lot of the country. With a strong middle class that isn’t lower, but able to not just pay their bills,but to  live in a nice home, put their kids through college, put money away, health insurance for their whole family, retirement security, even be able to take a nice vacation with the money to finance that.

And instead of a country with lot of poor people and people one pay check and a lost job away from poverty, with very few rich people, you instead reverse that. With a country that has a strong middle class with people able to move up even from that, yes wealthy people but more wealthy people. And instead very few poor people with them having the ability to move up as well. With things like education, job training, infrastructure and economic development. You don’t get there by punishing wealth and subsidizing poverty. But instead encouraging wealth and subsidizing people and empowering people who need it to climb the economic ladder. So they too can be part of a strong middle class and ever do better than and become very rich themselves.

Mear Bhrach: Milton Friedman on Greed