The Stock Market And Local Politicians Are The Financial Death Of The Working Class?


 

I was born into a poor mostly all white hard-working, low-income, sweatshop factories class of people. Most are very good people who were just trying to survive at more than a week to week clip. Most of those parents back in those days did at least a fair job raising their kids. Now almost all of their children are in their 30’s or 40’s and they are in a financial life pushed upon them by others. I’m just sitting down to have a powwow with you, if you care to read my thoughts. Most articles I write I do so with the intent of getting my readers to expand their own thoughts. Some do not like what I write, I do not ever expect everyone to agree with me and my thoughts. But if I can once in a while bring a better light to a subject, that’s all I am trying to do.

 

Here I am going to speak with you about how it is America’s local politicians who are ruining the financial lives of the very people who voted them into office. I guess it is global human issue, Politicians always need more money to pay their bills each month than what they have in the bank. Each year they increase the value all of the local properties 3,4,5,10,20%–basically, whatever the City Council thinks it can get away with. Even when the Politicians work together and use those tax revenues for the soul good of the tax payers in projects like road upkeep, new sewage lines and consistent trash pickup. Yet it is the property owners who are taking a financial hit. Now all people who rent any property have to pay more each month, each year, for a property that in most cases didn’t change any from the year before. Now people and the Government have more money to borrow and to spend, which keeps raising the prices of everything, not just land. But then again it is now a reality that there are many millions of people who have been priced out of the ‘Housing Market’. If you buy a house to be a rental income house and your payment on your loan is $1,000.00 per month what would a monthly rental payment have to be to make that investment worth the owner’s time? I’m guessing the local economy dictates what the logical price will be. Now let’s say you bought the property and you are going to ask $1,300.00 rent. Trouble is, in most economies here in America housing cost which is triggered by local politicians greed/need for more revenue has become beyond the reach of millions within the working class. Shouldn’t any given city, county, state be required to have minimum wage laws that matched up with what the cost level is of the ‘poverty line’. It should not be legal anywhere for a person to work a 40 hour week and not make enough money to get ‘up to’ the Poverty Line. The Poverty Line should be the minimum wage…I’m just saying, I think that is fair.

 

The Stock Market, there is so much I could say about this world-wide scam. Think about these facts for a moment, then you will see why I am not a fan of this system of things.There is always speculation which of course feeds the fires of higher profits. When two companies merge the value of their stock tends to go up because you know that pretty soon they will downsize their staff and fewer employees to have to pay wages and benefits to equals more profits to the stockholders. When a company that is on the stock market closes its factory in Tennessee and moves it to Mexico for the cheaper ‘costs per unit’, the value of the company/stock value goes way up, even though all of those hundreds of families in America lost their income. When companies do this it is all about profits, period! When a company closes up its factories in the U.S. to move it to China or Vietnam is there ever a case when these new toys now made in China cost so much less for the consumer back here in America? NO, you keep the same high prices and the profits go to the stockholders and the bonuses to the B.O.D.. Who loses out? The American worker. By no means are these problems singular to the U.S., these issues exist everywhere there are politicians with too much power, and a Stock Market. Yes the few can get very wealthy, but the vast majority stay broke, just think of the addicted gambler, living in Vegas! A few for a while see the bright sunshine, but almost all will spend almost all of their time, just trying to survive.

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