“Free market to make great prospect in this great country” it should do in the future
This is the big discussion all the times on CNBC Kudlow Show. I believe “free market will make great prospect for all hard working middle class Citizen in this great country. Why? Because, when I just come in to this country. I have nothing at all. But after 15 years hard working, I made up to middle class and be able to pay 35% income tax on my own and hire up to 15 workers. And I was so proud of myself from working as a bath boy, delivery lunch box and pizza, then start getting into my profession as a architectural designer and then a professional construction builder.
I made my life from poor to middle class. It is because free market combined with good shape of economic situation. As long as I want, I can work long hour, I can work two job, I can borrow more money to start my business, and charge more on my high quality and service job to pay better pay to and hire better worker.
But now I can not keep making my life, it because the “free market” melt away. Why? Economic down turn, not enough construction business to do. Even there is some, people have small budget. As a contractor, I understand, I try to cut more profit margin down to get job. But I can only do the limited cut I can do. Because the worker’s compensation insurance lock up my minimum pay rate for the worker. Even I am possible to find good worker willing to do the work at the lower working rate, but I can’t pay them low. for example: if I keep hourly rate for my carpenter above $25 per hour, I pay $17% of pay check to buy worker’s comp. but if the hourly rate lower then $25 per hour, I have to pay 53% of pay check to buy worker’s comp. How is that happen? Because government have a rule to force us have to buy worker’s compensation insurance for human right thought, but the rule have no regulation about how to sale worker’s compensation insurance from insurance company.
What is that shows to us. It shows, our capitalism country, not fully capitalism. We are “joint venture” We are not fully free market situation for the business. One hand we are free market, I can not charge better price because economic down, but on the other hand I have to pay more on my labor cost to satisfy human right. But insurance company don’t want to satisfy human right by charging less. So how can we make business profit and keep hiring people? Now I end up laid off every one and work everything on my own. Even though, I couldn’t even make leaving on my own.
Even like this, the economic getting worse. The owner budget getting even less because congress knocking down Goldman Sach. Investigate all big bank, Market plugged. Owner would rather hire unlicensed crew with now worker’s compensation insurance, paying cash for worker without pay any payroll tax, to get job done instead hire us, a professional licensed contractor. And most of unlicensed crew worker getting unemployeement pay check and free health insurance which the big hole our country can not afford it. But small business owner like me, have no unemployeement and still have to buy our own health insurance by using our saving even we have no any income. So the situation is: one side have regulation for all registered licensee, the other side is unregulated free market. This is the reality of our great country. It is the main reason we should consider and study hard to find out how to get our economic back on track.
Not only our country, the whole Europe have the same problem. Compare China Europe developed country, already step into post capitalism by contribute more human right, more social benefit….which already physically pre socialism. Countries like China
Find balance point in the world or within our country ourselves, is the biggest and tough work to do, not because which political party can control the power of this country. No mater our next president come from any political party, if he has no understand and wisdom to lead our country, he will be fail again, and our country will really getting into deeper problem.
Somebody said the right thing, our country need right leadership the whole Europe need right leadership. But what kind of leadership should be? The leader should be able to lead us really know what kind of operation will work, or at least have better chance to work. But the sad thing is: every one only know dig a bigger hole to patch current hole, print more money to pay for old debt. Or just try to print more money buy more time. Does anyone know what the value of time? And how much money will do?
I am not saying which political party right or which political party wrong, buying time is needed. But set up future path is even more important.
The question is should we go little step back for more “free market” way? If so, we should eliminate more current rules and benefit? Let rich to get more richer so they can spend money to hire more people and care more people. which considered natural way to slow recover our economic but it is solid step to go further, Or we go step further up to care about more luxury human right, it will do like another “fake socialism” way to set up more rules to regulate every detail and cut rich people profit give to the poor, those people even can not take care themselves.
The reality already showed, most of our profit business, big or small are all move out our country because the high business tax and complicated regulation. So the rich try to keep up profit for themselves have to go out of country to be able to be alive. Try to bring all those business back, the only way is reduce corporate tax, and eliminate a lot rules. Can we, no we can not.
Or Forget about what kind of “xxxlism,” this whole united nation have to sit down and work together to get through the situation now. There is no more time to wait anymore. This is the situation God teach human how to respect each other rich and poor, developed and undeveloped country. This is the situation God teach human, how to rich care poor, big care small, strong care weak. Is this going to work? It’s worked when United State started by Washington China
The point is when developed western countries as an individual, can have much more extra profited capital to take care of human right and social benefit, but as a united nation, the capital have a lot shortage to fill up hungry undeveloped country. Even European people can not volunteering take cut of benefit or pay check on government worker, how can the whole word human being can sit down find solution without selfish mind?
High human right and high social benefit ifs build on high capitalism capital. Without huge extra profit capital that just an believe, a future high expectation or wish. And now we have to be realistic. Since the whole world combined together which physically only in the beginning stage of capitalism, just let the market do it work naturally. And cut a lose when the big lose happen like every individual or family. Find solid restarting point to restart. If not, do the separation between developed country and undeveloped country. Forget about world free trade, fence ourselves up to wait another 30 years until China
It is just that simple. Stop fooling ourselves. that is the real vision our country and all developed country needed
