So I’m talking to the only somewhat sensible white male at my job, one of the Koolest White Boys (KWB) that ever hit the office….. I seen an article in Money magazine about how if the gov’t would make the wealthiest 400 people in America pay Social Security taxes, there wouldn’t be much of a problem. For people whom may not be aware, SS is drying up and more than likely there will not be enough money available for you when your old. You are currently paying into something that will, at this point, never benefit you.
So I asked the KWB (Finance dude) what were his thoughts on the issue. He said he thinks it would be better if they didn’t tax the 400 wealthiest ppl in America at all, and instead incentivize them to create jobs…. Long story short, his argument was to give the wealthiest Americans a tax break if they retained their industrial jobs in America. We’re basically talking about a second wave of the industrial revolution, because America’s service based economy is not holding up. Nations with industrial economies are growing faster than America, and America (and other powers) is industrializing these nations for the opportunity of cheap labor and better marginal cost…. I said “okay that makes sense, but why can’t the gov’t subject the wealthiest 400 Americans to SS tax, redistribute that wealth, and stimulate the economy?” (more of a Democratic approach even though I don’t have a political affiliation, I just wanted to know his opinion)…..
This is where he started to miss me, because he said:
“If they did that then hopefully the 1% (and lets hope it’s only 1%) of Americans on Welfare (code for Black People) are doing drugs…. all they’re going to do is go out and buy drugs, which the money would end up in the hands of drug dealers, and the drug dealers would go out and buy cars and jewelry.”
Not sure how the fuck we jumped from SS to welfare, but okay!
Let’s assume he’s insinuating that the money will be enjoyed by individuals who are not employed and are not paying taxes….
But please let it be known that the illicit economy is worth BILLIONS and it’s as important as every other aspect of the economy. They try to pretend like the illicit economy in America doesn’t play a substantial role in America’s economic well being. FOH, White people make money off that shit too….
Why is it every time someone talks about redistributing the wealth, republicans and conservative democrats automatically assume that, that means that billions of dollars will be confiscated from rich people leaving them without a pot to piss in and simply given to crackheads?????
This is not what the fuck we’re saying people!!!!
I am firmly against giving any financially negligent person a lump some of money to recklessly spend. That’s why I never really pushed the issue of large individual monetary reparations. Honestly to hand over significant amounts of cash to individuals who have never had as much as 50K in their hand at once, and who are not the least bit financially literate would create more bad than good. The money would end up in the same place it came from because they’ll just go out and spend it on extremely unnecessary depreciable shit at big retail stores….. Ultimately not changing anything.
But there’s nothing wrong with spreading resources a little thinner than what they currently are. I don’t think there’s anything wrong with funding the construction of an urban school with an African American focus, free textbooks, and a decent faculty setup. I mean bitch you built your wealth and your country off the backs of our ancestors, the least you can do as a form of reparation is establish legitimate schools so we can educate our children…. Not asking you for a new car or a some fucking drugs to get high. Just asking for a actual chance at a decent education that teaches us the same core principles about ourselves that are instilled in your children about you.
Seriously I’m not looking forward to the top 400 wealthiest people to magically agreeing to redistribute their wealth, and I think that it’s best for Black people to just fight our way to the top, beat them at their own game, and go to war…..