For Confiscatory Socialization To Work It Has To Have A Bogeyman

by Pietro Savo

Father’s Day started with many colorful cards from my six children, and a relaxed morning quietly reading old issues of the Wall Street Journal neatly stacked up on my office floor. The Wall Street Journal is a good publication for understanding the unfiltered reality, no matter how old the newspaper is, for that reason they don’t enter the recycling bin until thoroughly scanned over. Small-business employment accounts for about 80% of the jobs in the United States, and what has created such a death grip on our economy is the weakness in small-business employment. (Source: Wall Street Journal, Apr 3, 2009)

Small-businesses searching for hope often turn to the Small Business Administration (SBA) website, and there you will find talk of Economic Stimulus Package and the bottom-line small business tax cuts. (Source: U.S. Small Business Administration Website) Here is the problem, if you don’t have any work what good is tax cuts? Small-business job productivity trickles down from large corporations, and today labeled the most productive citizens and strategically called the rich. The rich in a confiscatory socialization mind-set represents the bogeyman. Here is the problem those of us in the middle and lower class will be the ones who suffer from a reduction in jobs caused by higher taxes on large corporations. Resulting in higher prices for almost all durable goods and for anything produced and less money to invest in the trickled down effect for small business job creation. (Source: Wall Street Journal, Apr 4, 2009)

For confiscatory socialization to work it has to have a bogeyman, and when that bogeyman becomes totally consumed. Perhaps the next bogeyman is the middle or lower class? Not to worry we will be suffering from the confiscatory socialization strategy long before that happens, perhaps we already are?

Manufacturing Research Practitioner™ by Pietro