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    Categories: BusinessMoneyNewsOpinionWeekly Columns

In Trickle Down Economics and Greed, We Shouldn’t Believe!

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(ThyBlackMan.com) (“Excerpts from the book titled, “The Fix This Time” @ amazon.com/dp/B00MI3PD2M). Perhaps we all need to sober up and look at what has happened before our very eyes. There was a money grab in Washington D.C. and those who grabbed the money lied (Mr. Trump), and misrepresented the truth. Almost every reputable news outlet and print publication states Mr. Trump and the Republican Party Tax Cut Plan will benefit the very wealthy among us with the middle and lower class getting a handout.

Nevertheless, Mr. Trump and the Republican Party worked feverishly to ensure that their donors got paid for supporting them. Democrats and regular Americans, both black and white appear to have been caught flat footed. Not only are these robber barons walking away with billions of our hard earned tax money, they are putting it on America’s credit card this time, all $1.5 trillion. And who do you think will buy most of the bonds the United States Treasury will issue to pay for this tax cut? From, whom will the United States borrow the majority of this money? You guessed correctly, if you said China. That is the same China who ran up a $347 billion trade deficit with the United States. That is the same China to whom high paying American jobs are being exported daily. There is a proverb worth stating here and it is:

Proverbs 22:7
The rich ruleth over the poor, and the borrower is servant to the lender.

You see, in the past they used to charge tax cuts for the wealthy to the Social Security trust fund until all of the $2.7 to $3.0 trillion of it was used up. Now, they have to go to foreign countries to borrow money in order to push more money to the top ten percent of wealthy Americans.  So, if I am your chief lender, how can you sit down with me and negotiate a strong trade agreement that will stop sending good paying American jobs to massive lower labor markets like China without some form of reciprocity.

How can I as a United States trade negotiator say, if I am able to correct the $347 billion trade imbalance, then new jobs can be created in the United States based upon the industries that would be created by selling you products manufactured or made in America. It would be  difficult even under the best circumstances. So, you can readily see that China would have an upper hand in any trade negotiations, with the United States simply because in a rush to give the wealthy, business and corporations more tax money, we are essentially becoming a debtor nation. Thus, the jobs Mr. Trump so animatedly say will come back to the United States will not materialize.

President Dwight Eisenhower warned America in his 1961 farewell speech that this would happen. He said this:

“As we peer into society’s future, we – you and I, and our government – must avoid the impulse to live only for today, plundering, for our own (the wealthy own) ease and convenience, the precious resources of tomorrow. We cannot mortgage the material assets of our grandchildren without risking the loss also of their political and spiritual heritage. We want democracy to survive for all generations to come, not to become the insolvent phantom of tomorrow.”

Democrats need to stop using laudatory terms, describing what it is they want for the middle class and the poor like Chuck Schumer does in this statement: “Democrats need a strong, bold, sharp-edged, and common-sense economic agenda.” They need to take a page from the Republican Party playbook and actually put a plan on the table that will lift their primary constituency and donors, the middle class and the poor to better economic circumstances. They can offer them a real tax cut!

They can offer them a real tax cut  by “boosting their retirement.” Retiring Baby Boomers (and those who will follow the Baby Boom generation), will retire over the next 14 years at a rate of approximately 10,000 per day. They do not currently have the option of taking partial distribution payments from the Social Security trust fund. On average this could amount to between $20,000.00 to $40,000.00 for each retiree, the day of their retirement at 66 years of age. While the choice of taking a partial distribution from pension fund assets, has long been an option in the private sector, government sponsored Social Security, the largest payer of retirement benefits in the world, does not offer this option.

A partial distribution as spoken of here is defined as a one-time payment from the principal of your retirement benefits. And if is offered to retirees tax free, as I am proposing, it will without a doubt be the largest tax cut in history for the middle class and the working poor. Doing this will amount to dropping $100 to $140 billion in the economy annually creating consumer demand which will raise the United States gross domestic product (GDP) to over three percent or more, consistently.

Additionally, the benefit of suggesting such a tax cut for the middle class will highlight and focus the nation’s attention on how the Republican Party has looted the Social Security trust fund, which every working American needs to know. It will expose their illicit behavior because, the first thing naysayers and the Republican Party will say is that the Social Security trust fund is devoid of any cash. This of course, will beg the question as to why it is broke, as every working American has had payroll taxes deducted from their pay checks, as required by law to fund the trust fund.  Another benefit is that it will forever put to rest what Republican administrations have wrongfully and vehemently proclaimed, that the Social Security program is a Ponzi scheme because every working American will have an opportunity when they retire to boost and use their retirement savings from the trust fund immediately.

(A note to those who may be thinking of purchasing “The Fix This Time.” You can  download the book to your iPhone, personal computer or Kindle reader and explore more great learning. You do not have to actually read the book.” There is a function from Kindle on the tool menu that allows the book to be read ALOUD to you. It is a stop and go feature which allows you to listen to the text of the book without having to set at a computer screen or look at your phone. Now, you have no excuse for not becoming more informed).

Staff Writer; James Davis

This brother is a leading expert and consultant in Financial Analysis and Social Dynamics. He is a graduate of Florida A. and M. University(FAMU), a former stockbroker, and a human rights activist who resides in Sanford, Florida. He was awarded the prestigious Governor Haydon Burns Scholarship to attend FAMU and while at FAMU was awarded the first Martin Luther King Scholarship. He is the author of three books, among them is “The Fix This Time,” Boost Your Retirement Income! Simultaneously Create Jobs and Spur Consumer Demand (https://www.amazon.com/dp/B00MI3PD2M).

He can be reached through his blog @, (http://www.thefixthistime.com).


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