Sunday, May 1, 2011
Hopefully Things get Better
The financial crisis makes me nervous. All the job lost and unemployment really sucks! When I hear some of my friends, who have graduated with a four year degree, complaining that they can't find any jobs within their career, really worries me. I get a headache thinking about if all these hard work in school is going to actually pay off. I am hoping it will. The financial crisis situation actually pushes me to try harder because if it is hard to find a job after college than I better be really good at what I'm doing. In other words, I have to try to be the best because there is a lot competition out there. It would be great if the government and business can create more jobs. I think one of the way of actually creating more jobs would be by raising taxes on everyone. Union jobs are great, such as: policeman, courts, fireman, construction, military and much more. When the government has money to support all these government jobs, well, not only we have less unemployment, but we also create a more productive economy. A really interesting article by Paul Krugman really caught my attention on the subject of raising taxes to get out of the financial crisis. I recommend everyone to read it: http://www.nytimes.com/2011/
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That was a cool article, I agree that the best way to generate revenue would be to raise taxes, and Krugman makes the important point that we already don't pay as high of taxes as other wealthy nations. People will complain, but I think it's the smartest move bureaucratically
ReplyDeleteHi? Nice blog.
ReplyDeleteHowever, i must contend that raising tax is not a good idea at all.
I have read the article you've recommended and i found that since we lowered taxes on wealthy, we have accerelated businesses, innovations and technology through the roof. Look all that extra incentive to wealthy got us in 2011 from 1931. In 1931 there were handful of people with cars out of all people you knew, but now almost every has cars, houses, and jobs, well unemployment is relatively high, but it could have been worse.
And, i don't go along with his comparison of the U.S taxation to other countries who are in similar economic level taxation because the U.S is unique country who dominate global financial market and almost all country's economy is different in their own way, so it is not plausible to compare them.
Most importantly, tax can't be raised because even today most of the U.S citizens are struggling to pay their rents, mortgages, and high unemployment makes harder for people to find jobs. As long as, we pay one tenth of our income on tax it is enough from our end to make deficit low, feds and other agencies must conjure up methods to figure out how to distribute that taxes from us to make things met and sound for our economy, it is their job.
Lastly, i don't think increasing any tax on anybody pleases people, no matter is it wealthy, middle or lower class. People needs to feel comfortable in order to work, create jobs, and live their lives.However, i must agree that lower and middle level people are suffering the most because of their limited resources, but i refuse to go along with that upper class is also happy about tax increase or the current situation that we are having right now. All of the U.S are suffering because of the uncertainty of the current situation, but we must not breakdown, or falter during this tough time. We have to have faith in the people, no matter who they may be, and keep pushing through to create comfortable situation for all to co-exist. But, i must admit that if the increased taxation in the future, lets say ten years can make things correct and everybody can go back to lower taxes after that with everybody being happy and comfortable with their lives i see myself promoting tax increase because we want to plan for the future even though we live in the present.
I realized that when i start to worry about my education being "worth it" i just remember, that knowledge is power. If you truely examine that statement you will see just how profound it really is. The process education is what is truely valuble not that piece of paper you recieve at the end of college. Things will EVENTUALLY get better we all just need to keep experiencing life until that time makes itself present. Peace.
ReplyDeleteGood Article and many points were made. But I feel there can be other ways as well that can help our economy.
ReplyDeleteThanks for your post. It was refreshing to hear of a new angle regarding a potential solution for this economic crisis. I agree with the article that taxes in the United States are relatively low. In my opinion, states and countries with a higher taxation system tend to have some of the highest standards of living so perhaps raising taxes is not a bad approach to the problem. At the very least it should be seriously considered.
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