First off, I would like to apologize for not posting last week. I was busy and decided to put the blog on the bottom of the list. After a week off, I feel as though I was missing something so I am back.
Today is Monday, which means, Manic Monday! Today, I think I will tackle this Occupy Wall Street thing. After reading what it's about and what the protesters are saying, I find myself of two minds. On the one hand I sort of agree with what they are saying, but on the other, I find it to be overridden by angst against our system. Allow me to explain.
The parts I agree with are the some of the base points. The first being that the majority of Americans have the minority voice in our government. Our Government tends to listen to the biggest donors (this is done by both Democrats and Republicans), which are not the majority. How many middle class families can afford $1,500 a plate fundraising dinners? The Democrats like to point out that the republicans are the most vocal for these businesses, but you have to ask yourself, are the Democrats really against them? They had 2 years in which to raise taxes on them and they waited for the inevitable swing to blame it on the Republicans. I agree that we should raise the taxes (or at least remove the deductions they use to not pay taxes) on the rich.
The second thing I agree with is the underlying message we are feeding our kids these days. The one that says you have to go to college to get a job. Years ago, college was what you used to make yourself stand out. You got your degree in the field you were going to work in and you worked in that field. You followed it all the way and became as close to an expert in the field you wanted to work in as you could, then you worked in it. Now, we are told to, "just get a degree." Really, what in? It doesn't matter, the employers "just want to see that you are capable of learning." I looked it up (it was quoted to me so I had to), less than 30% of college grads are working in the field in which they got their degree. Granted, Lawyers don't necessarily have to have a pre-law degree to go to law school, so they aren't technically working in the field they got their degree in, but it is still a statistic that I find disgusting. Especially when you add on the fact that the average college grad owes $30,000 in student loans. Couple that with a tight market and you start your career in debt and behind. Not a recipe for success. Let's be realistic, we don't need a degree to be work in a mail room or as a receptionist. These two positions were the starting points of many a millionaires careers. The other side of this is that these college grads are led to believe that their degrees rate a higher starting pay. The sad truth is that this is false. When you have 20 people vying for the same job, the person who will do it most economically (cheaply and good enough), gets it. The guy that tells the hirer that he will do it for whatever and has the ability, will get it over the guy with the degree that demands a higher salary. That's just econ 101.
Now for the tough part. I disagree with the Occupy Wall Street movement on a couple of issues. The first being the ire directed at inequality in pay. Yes, there is inequality in pay. This happens in a society such as we have. The rich must be taxed. If you tax their income, they will keep it in the company as much as possible. If you tax the company profits, the company will put the money into expanding the company and thus create more jobs. Simple economics. Yes, this is contrary to what the republicans preach, but it is the truth. This means the problem isn't with the CEO's or the wealthy, it's with our government. The Idea that all pay should be equal, or close to it, is a communist ideal. To protest that corporations should share their wealth, is ludicrous. You have to reward innovation and business sense. Failure to do so, will lead to loss of business and thus loss of jobs. Allow the rich to amass wealth, but at the same time, tax them in such a way as to aid the nation. The difficult part is finding the balance. We have to find a balance where we tax the wealthy enough that they find it better to reinvest in society, but not so much that they leave altogether. The same with businesses.
The second thing I disagree with is where it is located. As you can tell from my comments above, this should be a Occupy Washington movement. Camp out on the capital's steps, in front of the White House, and at the congressional offices. The CEO's are laughing at you because you are ineffectual in your actions. Move to Washington, and they may start quaking in their boots. Right now, the CEO's are finding your actions laughable because, while you may inconvenience them a little bit, they are still raking in the cash. While you may draw attention to yourselves, you are not inconveniencing anyone who can be swayed by your stance. True, the media is following you, but you are railing at the CEO's to change. True, some elected officials are listening and commenting, but they aren't afraid because you haven't targeted them. Move you your protest to Washington and start naming who is donating to who. Start pointing out the money and what needs to be done, not just in Washington, but in their home states. You can affect the elected officials' jobs with your protest by pointing out how they are stopping the necessary change. You can't do that by protesting the guys who worked their way up to the top and managed a company that made money. they just aren't going to listen because you can't affect their pay.
That's all I have for today. I know some of what I said is controversial, I just ask that you be respectful in how you respond. Thank you.
No comments:
Post a Comment