Monday, February 25, 2008

Change We need to Understand

Barack Obama is promising Change. I do believe things need to change but I'm not convinced his kind of "Change" is what we need. So I got hold of a transcript of one his local speeches and I'm going to analyze it.

Excerpt
We're here because there are workers in Youngstown, Ohio, who've watched job after job after job disappear because of bad trade deals like NAFTA, who've worked in factories -- who've worked in factories for 20 years, and then one day they come in and literally see the equipment unbolted from the floor and sent to China.

They need us to end those tax breaks that go to companies that ship jobs overseas...

(APPLAUSE)

... and give them to companies that invest in jobs right here in the United States of America, that pay well, provide a pension, provide health care. That's the change they need.


I'm not sure how NAFTA (A free trade agreement between US, Canada and Mexico) sent equipment and jobs to China? I thought that was a cheap shot. I would agree we need better protectionist legislation with China but not Canada or Mexico. However, lets be clear, Free trade did not send jobs to China. Cheaper wages, lower taxes and significantly decrease in operating costs sent those jobs to China. Why is it so expensive here, well that is easy, Labor Unions, Outrageous amounts of legislation, unfreindly tax systems and lets not forget the squeeze Insurance Companies and lawyers put on operating costs here in the US. So the Change is ignore the real problem which is friendly to the Democratic Party. So honesty when it actually hurts is not one of the changes we will be looking forward to.

Secondly, I really hate Income Tax. Not because I don't want the gov't getting money. I want to pay taxes and get the benefits of those taxes. The problem I have is the gov't deciding how I should live my life or run my business. They do this by creating tax incentives and tax punishments. Why does someone that buys a house have the right to lower taxes. Why is that the Gov't business. Or if someone decides to offer benefits and a pension, why does the Gov't have to get in that person's business. Stop manipulating society through the tax code and let it be what it needs to be.

1 comment:

philip_tucker said...

"The problem I have is the gov't deciding how I should live my life or run my business. They do this by creating tax incentives and tax punishments."

I'm with you 100% on that point.