This whole thing got its start with FDR and the notion of government spending. Prior to FDR we had Hooverism. Hooverism was Reganomics without the huge federal debt build up. The 1929 Great Depression came upon us. Money dried up and disappeared, we are told. FDR got a bright idea because "business" and the wealthy stopped spending and investing - at least here in America. If big business would not spend and invest in America for whatever reasons, then the government should start, so said John Maynard Keynes and FDR. So Roosevelt started the Tax and Spend Democratic philosophy. Back in those days the Federal government thought that taxes, and tariffs were the only legitimate means of raising Federal government money - they didn't know then that they could sell America piece by piece to foreign countries. Roosevelt took money from the rich in every way he knew how and spent it employing the poor and unemployed. Of course this did not make the rich happy - the poor and unemployed thought it was fine. Democrats today believe that this technique worked and Republicans do not. But the majority of the American people, whether Democrat or Republican, have accepted that it did work - and in practice so have the Republicans. The modern day Republicans decided to stop fighting the notion of government spending and instead began spinning the idea their way - and it worked. They proffered that giving taxpayer money to rich Republicans was wise and proper economics. After all, they argued, the people who have lots of money are the people who know what to do with money. Then came Ronald Reagan. Ronny changed the whole tax system. First he cut the tax burden on large corporations. Ronny gave his old boss General Electric so many tax breaks that for some years after, the American taxpayers actually owed General Electric money rather than General Electric owing America. After Ronny, corporations who once paid 35% of the federal budget now only contributed 12%. Ronny cut the taxes of the wealthiest Americans substantially, also. If he would have cut Federal spending proportionately we would have been all right. But he spent more than all previous American presidents combined - mostly on a pet program that he called Star Wars but overall on military and the promotion of war and a strong defense. Consequently taxes on the middle class and the working class rose substantially - along with inflation so that the poor wouldn't feel left out. But nevertheless everybody bought into Ronny basic premise - America loved Ronny. The more rich the wealthy get the better it is for everybody, folks thought. That's the American way! Reaganomics was really an update of Hoover's "trickle down" theory. The Republicans then supported this tax cutting and revenue cutting notion by stating the basic theory that if rich people have more money they will spend it. They will make more investments, build more factories and hire more workers. So America bought the idea of tax cuts. Republicans sold this idea by claiming that John F. Kennedy did it and it worked. The only flaw in this propaganda was that when Kennedy did it, he tied the tax cuts to jobs. Only if the businessman hired more workers did he get any tax dividend. The Republicans thought that little twist was superfluous and they left that detail out of their tax cut bills. So now we have a returning of federal income to the wealthy with no strings attached. This was done on the basis that all those poor little billionaires were being persecuted. What did any billionaire ever do to you? This left us with the basic principle that giving federal revenue or income to rich Americans so that they can spend it is a good thing to do and a sound economic policy. Well naturally, the Democrats then said: if it is a good thing to give money to rich Americans so that they can spend it, wouldn't it be just as good to give money to poor Americans who will most definitely spend it - and probably spend it quicker and right here at the corner store! Now were back to Keynes, Huey Long and FDR. When Bernanke announced this newly discovered economic principle many Republican Senators and Congressmen nearly fell off their big, comfortable, leather, lounge chairs. One Republican even asked Mr. Bernanke if he would explain that economic principle one more time. He did. And just recently many of us regular people got a check in the mail from the U.S. Government. The Republicans are still stuttering and talking to themselves. What just happened here? Well boys, what is good for the goose is also good for the gander. I thought it was rather interesting. My government who for years had been telling me to get up off my lazy butt, pay my own bills and stop gripping was now sending me money in the mail and begging me to go out and spend it as fast as I could. I did. It is all gone. Can I have some more, please? I promise that I will spend it also. I will spend it as soon as you send it to me. In fact, if you just tell everybody that I'm good for it, I'll spend it before you send it to me. In fact, if you guys will promise to pick up all my debts like you do with the banks and the bomb and bullet manufactures, I'll spend until I go bankrupt. And you have my word on it! Whimpy used to say: "I'll gladly pay you tomorrow for two hamburgers today." This is even better. Now Whimpy can say: "I'll gladly buy all the hamburgers that you will pay me to purchase - today, tomorrow and forever." What a deal! If we put the Republicans and the Democrats together it would seem that we should simply stop collecting taxes from anybody. Then how do we build an Aircraft Carrier?
Richard Noble is a freelance writer. His latest book is a volume of poems and prose – “A Little Something.” It is for sale on Amazon along with Hobo-ing America, A Summer with Charlie, and Honor Thy Father and Thy Mother. If you would like to stock his books in your store or business he can be contacted at richardedwardnoble@gtcom.
Books by Richard Edward Noble. Click on covers below for more info and purchasing instructions.
Classic Tragic Novel
Don't Laugh - This Could Have Been Your Life
Funny stories and some strange characters.
Monkey Dishes and Cocktail Fawks
My Harrowing days in the restaurant business. Great Read.
It's a Long Story
Long Short Fiction - Great stories!
Bloggin' Be My Life
"Bloggin' be My Life" contains a selection of some of my more popular Hobo Philosopher blogs.If you enjoy reading this blog, you should love Bloggin' Be My Life.
It's All About Love
It's All About Love is ... all about love. This is the 2nd book of poetry from The Bard From Chelmsford off Arlington. Every poem in this book comes with a prose introduction. If you enjoy poetry this is a simple choice. Have fun!
A Little Something
Traditional poetry from The Bard From Chelmsford Off Arlington with some poignant prose introductions. If you enjoy any type of poetry, you will enjoy this volume. Thanks.
Talking To Myself
This is my third book of poetry.
Bits and Pieces
The Hobo Philosopher - My first book using the Hobo Philosopher brand. Featuring a variety of writing styles and ideas. Look for the Thoughtful Hobo on the cover.
A Baker's Dozen
The Hobo Philosopher: My Second book of Fiction, Creative Non-Fiction and Short Stories. All varieties of short stories - lots of laughs!
Cat Point - and Them Dang Oyster People
Cat Point is the sequel to "The Eastpointer." Both books contain humorous tales about life in a fishing community on the Florida Panhandle. Lots of laughs.
Won 1st Place award for humor in 2007 from Florida Press Association. More wit, wisdom and humor from the yet to be world famous author, R.E. Noble
A Summer with Charlie - Lawrence
Fiction - Salisbury Beach, Lawrence, Mass. Featured in Merrimack Valley Magazine July /Aug. issue 2010
Travel, Humor, Commentary on migrant farm work and illegal immigration still very pertinent today.
"Just Hangin' Out Ma"
Thank God for the Street Corners of Lawrence, Mass. Anecdotes and humorous escapades about growing up in an industrial mill town in the 40s,50s and 60s.
This is the sequel to "Just Hangin' Out, Ma"
That Old Gang of Mine
This is # 3 in my Lawrence Hometown series. The series is about growing up in the 40's, 50's and 60's in an industrial mill town. Sorta like a Huck Finn goes to vist Uncle Ralph, the bus driver, who lives in a big, rundown city. Lots of fun.
Come On-A My House
This is # 4 in my Lawrence Hometown series.The old homested at 32 Chelmsford ST is pictured on the cover..
Down By The Old Mill Stream
# 5 in the Lawrence My Hometown series.
Standing on the Corner is # 6 in the lawrence My Hometown series.
The old Howard Playstead on Lawrence St.
Eat, Drink and Be Merry
# 7 in the Lawrence my Hometown series.
Honor Thy Father and Thy Mother
Classic tragic novel written from child's perspective. Deals with abuse, poverty, unemployment. Pulls no punches.
Noble Notes on Famous Folks
Humorous, satirical notes on everybody from Constantine to Bill Clinton. Inspiration: Willy Cuppy.
America on Strike
History - documented survey of labor strikes in America
Mein Kampf - An Analysis of Book One
Who are the American Nazis - the Liberals or the Conservatives?
MY NAME IS RICHARD EDWARD NOBLE. I AM A FREELANCE WRITER AND I HAVE PUBLISHED 12 BOOKS:"THE EASTPOINTER" - SELECTIONS FROM AWARD WINNING NEWSPAPER COLUMN - "A LITTLE SOMETHING" - POETRY WITH PROSE -"HONOR THY FATHER AND THY MOTHER" - A NOVEL ABOUT GROWING UP IN THE NEW ENGLAND MILL TOWN OF LAWRENCE, MASS, "HOBO-ING AMERICA" - A WORKINGMAN'S TOUR OF THE U.S.A. - "A SUMMER WITH CHARLIE" - THE STORY OF A YOUNG SAILOR'S LAST DAYS AT SALISBURY BEACH, "NOBLE NOTES ON FAMOUS FOLKS" - HUMOROUS ANECDOTES ON FAMOUS FOLKS IN HISTORY,
"AMERICA ON STRIKE" HISTORY BOOK - A SURVEY OF LABOR STRIKES IN AMERICA; "A BAKER'S DOZEN" A BOOK OF HUMOROUS SHORT STORIES; "JUST HANGIN' OUT, MA" - GROWING UP IN THE 40'S, 50'S AND 60'S IN LAWRENCE, MY HOMETOWN, "TENEMENT DWELLERS" - SEQUEL TO JUST HANGIN OUT, MA; MEIN KAMPF - ANALYSIS OF BOOK ONE - HISTORY. CAT POINT - AND THEM DANG OYSTER PEOPLE - SEQUEL TO THE EASTPOINTER
All 12 BOOKS ARE AVAILABLE ON AMAZON.COM, BARNES AND NOBLE AND OTHER INTERNET SOURCES OR FROM NOBLE PUBLISHING. ALL 12 OF MY BOOKS ARE NOW ON KINDLE AT BARGAIN PRICES TOO. IF YOU WOULD LIKE MORE INFORMATION ABOUT DISCOUNTS AND SPECIAL OFFERS E-MAIL ME. MY EMAIL IS ON MY PROFILE PAGE.