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We simply buy more than we sell |
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Written by Stumo
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Wednesday, 16 January 2008 |
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There is talk in Washington
about tax cuts and a stimulus package to help us out of the
recession. Some say legislation is likely. Put more money
in the hands of citizens.
I don't necessarily object, except on the fundamental ground that it misses the target.
Our trade deficit is at a record. There is little sign of balancing the deficit.
This is the core problem: We buy more than we sell. More than ever.
You
can provide economic stimulus through tax cuts and government spending,
but to what end? So we can temporarily finance buying more than
we sell? We cannot pull out of the tailspin without correcting the
deficit.
Wal-Mart will fight us, and so far is winning. But
Wal-Mart is not America. Everyday low prices saves us a few
sheckles while costing us tens of thousands in wages per person.
The net is not good.
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In the news
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Colorado CPA member Milt Heft has these thoughts on money, wealth and the economy. Heft is the owner of Petrogen, Inc in Colorado Springs.
A few thoughts about manufacturing:
There is a great misunderstanding of the relationship- between money and wealth. The beginning principles with which we can all agree are a few and simple noble truths:
1. Money is meaningless without wealth.
2. Wealth is difficult to distribute without money.
3. Wealth is the reality of the physical things we need to survive and thrive: food, clothing, shelter, ice cream & computers. It is the product of mining, industrial production, and agriculture.
4. Money is anything that make the wheels of production and distribution go ‘round.
5. Money is easy to manufacture and control.
6. Wealth takes a lot of blood, sweat, toil and tears.
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