Fixing Our Overtaxed Economy

Posted by Blog Editor on Aug 26th, 2009 and filed under Headlines, Photo Gallery. You can follow any responses to this entry through the RSS 2.0. Responses are currently closed, but you can trackback from your own site.

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I remember a thriving New Jersey as I grew up in the 1950’s and 1960’s in the Trenton area. There was an abundance of people working in factories, delivery trucks blocking the streets, and porches filled with people as they seemingly enjoyed life. At that time, I never heard anyone mention a major budget crisis in Trenton (budgets always result in fights but massive over-spending is a modern phenomena). When a person did not have a job, it was because he was lazy. In most cases, she did not have to work because he made enough money to allow her to stay home and take care of the homestead.

So, what changed?

The Clue to the Solution

In those days, New Jersey did not have a sales tax or state income tax. There were no revenues from a lottery or from Atlantic City.  Even so, average Federal income taxes and Social Security taxes were lower. International currency was backed by gold, meaning that more of our money was backed by sweat and not just computer entries. The Federal Reserve Bank did not dilute the value of our wealth as much as it does today.

In those days, just a half a generation ago, smaller government left a higher percentage of total wealth in the hands of citizens. Workers used that extra wealth to produce useful products. New Jersey and America manufactured clothes, cars, and air conditioners. Imports were known as “Japanese Junk” and they consumed only a small percentage of our purchases.

We Lost our Way

What a contrast to the economy of 2009 where we manufacture paperwork, insurance policies, and bombs. Today, many of the productive jobs that we had in the past have been sent to other countries.

This loss of production is a security risk to America and a signal of a major decline in our living standards.

Today, 60% to 80% of our sweat energy is devoted to supporting a Government that does not understand the meaning of “produce”.  American central planning does not have a clue on how to create lucrative private sector jobs. Anyone who has taken an elementary school course in arithmetic knows the solution.  If you stop confiscating wealth from the people who need money to produce,  you can lower taxes and increase productivity. The result will be a happier and richer land.

New Jersey and Federal elected officials need to practice fiscal responsibility, common sense, and rational thinking. In short, they have to stop stealing money from the public.

Contributing to the Solution

The Modern Whig Party was born out of the ideas of thousands of Iraq and Afghanistan veterans who have put their lives on the line for America. These veterans are the leaders who will be needed to rebuild New Jersey and America.  They will be the ones who will use the same type of guts, fiscal responsibility, common sense, and rational thinking that was used when the original Colonial settlers discovered how to convert Jamestown into an American miracle. This was the type of thinking that led to the greatest leap of living standards and technology ever known to man.

Your support of the Modern Whig Party in the 2009 NJ-14 Assembly election can help establish the Modern Whig Party and can be a major boost for next year’s Congressional elections.

I urge you to support the Modern Whig Party this year.

-Gene

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