Sunday, October 20, 2019

US Capitalist Economy


Capitalism is the only economic system that protects private property rights, personal freedom and the US Meritocracy needed to restore the US middle class.

Adults are responsible for producing their own incomes to be self-supporting. Families should be working with family members who are not self-supporting.

Income inequality in countries is a statistic that is affected by excessive welfare migrant immigration of unskilled, disabled and low wage refugees. Their meager earnings lower country nominal per capita GDP.

All companies need competitors who lower their prices to increase demand for their products. US government monopolies, public utilities and price-fixing industries are gouging US consumers. The cost of US Education and Healthcare is underperforming, overcharging and unsustainable. Consumers are refusing to pay by refusing to enter colleges and refusing to buy health insurance.

Government run Socialism and wealth redistribution pretends to work, but instead only declares that families are no longer responsible for their needy family members. This is a lie.

US Tariffs will force manufacturing and engineering to leave China and move to the US to create US jobs. Maintaining 35% Tariffs on Chinese imports for 2 years will do the job

The global economy slow-down is the direct result of high taxes and excessive government spending in Europe and other countries. Countries with 50% taxes would automatically improve their economies and increase their GDP if they cut their taxes to 30%. But governments first need to cut government and public sector spending by 20%. Consumers would spend their increase in incomes in the private sector.

Norb Leahy, Dunwoody GA Tea Party Leader

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