Thursday, April 29, 2010

ISSUE #1: All Things Being Unequal.

They are worried about Americans being able to support themselves. They want to maybe equal out the money coming in to each household which means taking away alot of freedoms, but they want to take money from the rich and pay the poor, because the government is sick of the struggling poverty. So they want to try a method called Protectionism. Which will slow down outsourcing by putting restrictions on the trade. To keep the jobs in the united states and keep the salary levels up. They also were wanting to raise taxes on rich lower them on the middle class and lower class to even out the nations wealth. Or they want to use a method that was proposed by Thomas Friedman trade barriers and job protection which kills outsourcing, but doing this we would have to raise the taxes to all social classes which in the end could cause the incomes of the working class to be stifled by the government.

I agree with Thomas Friedman that we don't raise the taxes on the rich only, and try to equal out the money coming into households. Which that sounds like communism and everyone knows that people wont accept communism when we have been living in a free nation this long. Protectionism in my opinion wont work, for the fact that we are interdependent on other countries such as India and china for example. We try to stop the trade with those countries and we go down the drain along all other countries because our economies depend on each other to succeed. What Thomas Friedman wants to do is not stop trade to all countries, but raise taxes which does suck, but if we open up markets in other countries it should even out, and maybe even work out in our favor because we will be able to expand business without loosing jobs in the United States. There will always be a big spread of poor to rich, the government cant stop that they need to start worrying about things that they can do which is opening up markets and watching our economy flourish again and become a superpower once again.

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