Tuesday, July 24, 2018

Earth Shattering News.

       The 2017 tax cuts and jobs act didn't help much for most people. Why is that? When does a tax cut fail to make a difference in your income? When you don't make much to start with. Its true that jobs have been created and anyone who wants to work can probably find a job. The problem is that you can't support a family on what you can make at one of these jobs unless you're a college graduate in one of the most important fields.
       Here's the problem: some of the richest men in the world own or run some of the largest employers, but most of the employees have to depend on food stamps to get by. So where's all the profits going? Well of course much of it goes to the owners the rest goes to the stockholders. Only a tiny bit of it goes to employee wages.
       So the question is: Why are the shareholders and owners more worthy of sharing in the profits than the workers. After all, the workers do the hard work. Because the people who control the funds decide who gets what and its the rich who say it should go to the rich and shareholders, Now some will say but the workers will benefit because their retirement funds are receiving part of the profits. To which the workers say "what retirement funds." and "how do I survive in the meantime?"
       When you make little you can't afford the luxury of putting money into retirement savings. You have to pay for your daily needs and on low incomes that doesn't leave anything for savings. The rich will ask why you aren't saving, that's inexcusable. You can't get the rich to grasp what it's like to be poor, even working poor. You just can't get ahead no matter how hard you try. It would be like the rich finding out they can't join the country club. It would be downright earth shattering.
     

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