We Need a Change

December 13, 2011

Political action


In this current political and economical whirlwind we are experiencing as Americans and citizens of the world, I believe it is pretty evident that it is time for some serious changes to take place in the way we govern and go about living in this world. There are many problems we have in this country that, when looked at seriously, warrant some relatively drastic changes in order to even begin to change them.

The current economic downturn, or as some economic pundits have recently said a depression, has forced us to look at the way we organize and run both the economy in this country as well as the government. The way in which we ended up in this whole economic mess is astounding when you look at the decrease in regulations that predicated the beginnings of what is now the worst economic collapse in recent history. The degrading of the regulations and laws that governed how assets and money were dealt with ultimately lead to the accumulation of so called “toxic assets” that forced the banks and firms that originally created them to, in turn, pull them out from under the people who bought into their schemes. The precisely worded contracts and verbal slight of hand that the banks and firms utilized convinced the layperson in this country that all was well and the deals they were receiving worked perfectly and carried with them no risk at all. This house of cards inevitably collapsed and, as we can see now, took down with it the world’s economy. Regulations that were previously in place, which had since been removed from the books, as well as a lapse on the part Securities and Exchange Commission (SEC) allowed for these deceitful acts to occur.

This economic collapse has also shone light on the problem America faces with the serious divide in wealth this nation is living with. As overused the phrase is, the top 1% has way too much wealth, I do not believe there is any doubt about that statement when one looks at how little the bottom tiers of society live with. The wage divide between workers and CEOs is at an all-time high and continually increasing while the wages for workers is flat-lining, if not decreasing. This divide can only spell problems for the upper levels of society because the lower tiers are now seeing that, with the regulations and laws clearly on their side, the richest members of American society are getting away with loopholes and tax breaks that should not exist in the first place, such as deferring an unlimited amount of money as CEO salary, which is in turn not taxable.

As we see now, there is some serious overhauling that needs to be done with the way the government and economy are run. While the “Occupy” movement is causing noise in the media and picking up support, it will not have the desired or needed effects. We, as Americans, need to realize that the way the country is run at this current time is seriously flawed. Changes in the tax code need to be implemented so the richest members of society do not get these exorbitant tax breaks, changes in the budget need to be made so excessive military spending is not the norm, and changes in economic regulations need to be enforced so companies do not get away with the kinds of trickery that go us to this point in the first place, yet these things are not occurring. While these kinds of changes are radical, which would enrage Edmund Burke, his plan would never work, as we see now. Keeping inane amounts of money in the hands of so few, as we have now, is not the right way to run a society; Perpetually handing down positions and capital from generation to generation creates a divide that is all but productive or beneficial for our country. While Burke would not support the uprising that is the Occupy movement nor would he support the kinds of changes they are in support of, they are a necessary step for this country moving forward.

 

 

 

Lack of Regulation the Cause of the Crisis, says the IMF

 

Tax Loopholes Seen Costing Billions Annually

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2 Comments on “We Need a Change”

  1. jkb34383 Says:

    If Burke does not agree with the Occupy uprising then of course he will not agree with the ideals they are proposing to change. It seems that the issues you are voicing are coming straight from the opinions of frustrated Occupy Wall Street protestor. You titled your post “we need a change,” a change from what? Every aspect of our country? Yourself along with countless others in support of the occupy movement fail to see that you are addressing these issues in the wrong way. You are attempting to catch a small grip and understanding on the issues, who’s combined complexity far exceeds the understanding of any man. Here’s my advice to the occupy movement: tackle the issues one at a time.

  2. chkeeler Says:

    Why do we need to be change our society? We are over 15 trillion dollars in debt! Our wealthiest one percent of our citizens only owns a third of our national wealth. There are glaring issues with our country that need to be remedied immediately. I understand that we are able, as American citizens, to experience great liberties and freedom. However, we are not all given “equal” opportunity. Yes, I know that capitalism has helped to shape our identity as a society and is a good concept in principle. But, it has created distinct social boundaries within our society.
    In order to create a more prosperous economy, we need to distribute our wealth a little more evenly between our citizens. Or, perhaps more realistically, we need to have the ruling one percent create more job opportunities for the middle class and lower class. We need to create programs for lower-income regions that promote higher education, and turn people away from crime and violence. We need to give the middle class more opportunity to become part of the upper class by making college more affordable, while expanding academic standards. It is extremely difficult for students to escape the debt they accumulate in college, which prevents them from contributing to economic spending in the future. Most importantly, parents should refrain from having a child unless they are ready to truly raise that child. They need to be more concerned with their child’s well-being and future. Maybe the alarming childhood obesity in our country would fall too if low-income families had enough money to buy proper nutrients for their kids, rather than buying the cheapest, processed foods with food stamps.

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