Economic Injustice

“Economic justice” has become a theme for the current President and his administration.  They have shown a stalwart allegiance to promoting equality for all Americans through government spending and regulation. Here are some facts on how well that is working:

  1. Since Obama took office, 7 out of every 8 jobs created have been part-time jobs.

  2. 53% of American workers now make less than $30,000 a year.

  3. In 2009 the average duration of unemployment was 20 weeks. Now it is nearly 37 weeks.

  4. More than 8 million Americans have stopped looking for work (the highest number in any 4-year period).

An economic battle has been waged in America. There are those who believe that the government owes them something and that government should expand to meet the needs of the people.  There are others who believe that limited government and free markets are the pathway to prosperity.

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Here is a short parable to illustrate the two philosophies that exist today:

“Two fathers lived side by side as neighbors. Each had two sons. Each had a good job, a roomy house, and material means to provide the best of life’s luxuries. The essential difference between the two fathers was one of philosophy.

Mr. A’s objective with his sons was to instill principles that would bring about self-respect, personal responsibility, and independence. His method merits our scrutiny.

When his boys were young, he taught them how to work at simple tasks by his side. When they became more mature, he developed a work-incentive program. The pay scale was commensurate with the quality of the work performed. An “average job,” for example, paid fifty cents; “above average,” sixty cents; “exceptional,” seventy-five cents. A “one-dollar job” was the impossible task, a goal that he soon observed the boys were striving after. He impressed on them that the only limitations to their earnings were their own personal initiative and desire. He emphasized the necessity of postponing wants so they could save for the future. The lessons were well learned over a period of time.

There was an undergirding moral element to Mr. A’s philosophy, a principle more “caught” than taught. A simple example will suffice. One day the boys, now young men, were working in his plant. Mr. A observed some sloppy work being done on one of the products. He asked to see the product, and removed the label. One of the boys resisted. “Why are you doing that, Dad?” he asked. Mr. A replied, “I’ll not have my name attached to a shoddy product. When my name goes on, my customers must know I’ve given them my best workmanship. Would you want to own this product?” It was an answer that provided a lesson that would last a lifetime. How could the Golden Rule be emphasized more effectively in business!

Mr. B also had a philosophy, albeit one that was reactionary to the early struggles of youth. “I’ll not have my kids go through what I did.” His philosophy was designed to remove the struggle from life. His method also merits our consideration.

Regularly his sons were provided with generous allowances. Little work was expected in their formative years. In later years the boys were encouraged to work, but now they were too comfortable in their security. After all, they had all their material wants satisfied. At this juncture Mr. B made a profound discovery: wants always exceed needs and are never satisfied unless disciplined. To counteract the lack of self-discipline, Mr. B embarked on a routine of imposed restraints. To his chagrin, he found his sons embittered toward him, ungrateful, and frequently disobedient to rules imposed on them.”

Unfortunately Mr. A’s philosophy is so unfamiliar to many who believe that the government owes them something.  The philosophy that government should expand and essentially manage an economy is immoral. I believe that it is wrong, and I do not apologize for that.

“If our country wants to help the poor, it should emphasize free-market capitalism.  Government creates scarcity. On the other hand, when people want more of something, entrepreneurs find ways to deliver more of it.”–Steve Forbes

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The only way that we can have economic justice is through economic freedom–free markets and free people.  Free markets improve lives by allocating scarce resources and allowing people to create value.  There are many examples of people who have been successful in doing this: from Sam Walton and Wal-Mart, to Bill Gates and Microsoft.  From Steve Jobs and Apple to Mark Zuckerberg and Facebook.  The list can go on and on. We are blessed to live in a country where an idea can turn into a product, which in turn creates wealth. That wealth is then also created for countless others. Think about how many jobs were created by people such as Steve Jobs and Bill Gates. Government simply cannot create wealth the same way a free market can.

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Big government advocates will argue that government-created jobs are the way to improve the economy.  However, what they fail to realize is that while jobs are a means of creating wealth, it is not simply more jobs that creates wealth, but rather jobs that produce goods and services that people value.

Florida State University economist James D. Gwartney argues:

“Does government spending create jobs? When thinking about the answer to this question, consider the following . . . the funds for the spending will have to be either taxed or borrowed from the private sector. This will mean either higher taxes or higher interest rates, both of which will reduce private sector employment. This reduction in private employment will largely, if not entirely, offset the jobs generated by the government spending . . .The employment supported by the government spending can easily be seen, but the employment eliminated by the higher taxes, increased government borrowing, and reduction in demand for the products of unsubsidized firms is largely unseen. This also helps to explain why deception is so widespread in this area. Nonetheless, the offsetting reductions in employment are real.” (“Common Sense Economics” pg. 27-28).  Pretty much explains what is happening with the statistics presented earlier.

Whether you consider yourself conservative, libertarian, or independent, and are for a limited government, the time is now to rise up and stand against the liberal big government machine. We cannot afford to sit on the fence while basic principles of this nation and the Constitution are being blatantly ignored. We must raise our voices and defend the liberties we know to be right. We see the slander and filth around us, from Hollywood, to the race peddlers of the left, to big government activists. The time is now for us to make OUR voices heard. I invite you to take a stand today!

I am Jimmy Trent and I am for limited government, free markets, and individual liberty.

God bless America!

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2 thoughts on “Economic Injustice

  1. I’m a big fan of Mr. A. :)

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