freelancetech

You probably do since you are intelligent enough to seek out a site like this. I have found that many folks out there have no clue as to who their representative or senator is. I’m sorry to say that these links will bring you away from Political Base. I think it is very important information to know. http://www.senate.gov/general/contact_information/senators_cfm.cfm http://www.house.gov/house/MemberWWW_by_State.shtml House of Representatives and US Senate: (202) 224-3121

So now the top 6 percent income earners are the new upper class??? As I was trying to stay awake during the Democratic debate in Nevada I almost lost it when Obama declared the top 6% of Americans to be the upper class. I was in agreement with the national consensus that the top 5% income earners were the upper class. Those that earn $195,000+ per year and can take advantage of the “Bush tax cuts” were considered the upper class a few months ago. So now the 1% of Americans that earn between $97K and $195K are members of the upper class. I ask any of you in this bracket, do you feel like you are a member of the upper class? So where is the middle class now? $60K to $97K? We have a unique democracy. Early democracies maintained a small yet powerful upper class, a small middle class, and a large lower class. The middle class was comprised of shop owners, blacksmiths and other business owners. The lower class was the working poor. In this model there was little or no threat to the upper class in regards to their status or laws. With the majority of the citizens primary focus on feeding their families and staying alive they had very little time or ability to focus on the laws and politics that affected their lives. This allowed the ruling class to maintain their status in the community. When we look at the growth of the middle class in America we notice something dramatic. As citizens acquired more leisure time and could focus on the policies and laws that governed them they began to take action to influence these laws. As a result the laws began to change to reflect the will of the people in the middle and lower class. The laws became more liberal and inclusive. I think it is fair to say that we should be concerned when we see the shrinking of the middle class. When this happens we will see policy change that reflects the desires of the upper class at the expense of the middle and lower class.

So why is it that we accept the concept that we should raise interest rates to slow inflation? I understand that many of us made stupid decisions when the interest rates were low. Perhaps we borrowed more than we should have. Why is it that raising the interest rates is the answer? The majority of us accept this concept as if it is the only solution. With record foreclosures and a record number of billionaires there must be a better way. I’m all for people making money. In fact, I’m all for people getting rich. I do, however, think there should be more millionaires and fewer billionaires. So, with inflation being caused primarily by the “cost” of oil, why do we raise interest rates to solve the inflation issue? Perhaps we could use taxes to slow inflation rather than interest rates. I don’t have a system in mind as to how to implement this. I’m sure there is a way to do this that won’t target a specific class of individual or corporation. I’m sure there is a dynamic way to do this where the taxes would be reduced as inflation is reduced. I understand that this idea means that credit card companies and other corporations will no longer receive the windfalls that typically accompany the raising of interest rates to slow inflation. The federal government would receive these funds. I know, I know… You are against taxes and you are against federal programs. If this is the case, I don’t think you should be in favor of corporations profiting from this either. This is a tool that is used to slow inflation, not make people rich. We have people losing their homes to foreclosures. We have a banking system in turmoil. Yes, this was caused by poor judgment and bad decisions. So, if we were to adopt the concept of taxes to reduce inflation, how would we do this and how should the money be spent? I think the money should go towards infrastructure or the national debt. It should be money that is not “depended” on. As the money is raised and is sitting in the bank, the projects should be decided. We should not predict or estimate what we will have in the future. This should not be a tax that we are dependant on. Anyway, these are my thoughts. Perhaps there is a solution her.