A Quote by Mitt Romney
If you want to get wages up in America for middle income Americans, there's only one way I know how to do that in real terms... by having more businesses want to hire more people.
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If you bring [tax] rates down, it makes it easier for small business to keep more of their capital and hire people. And for me, this is about jobs. I want to get America's economy going again. Fifty-four percent of America's workers work in businesses that are taxed as individuals. So when you bring those rates down, those small businesses are able to keep more money and hire more people.
Many people do not understand that business investment is a critical prosperity-booster, leading to more jobs, higher wages, and stronger family income. Put another way, rising tax and regulatory burdens that penalize investors and businesses also punish middle-income wage earners.
The people who are having the hard time right now are middle-income Americans. Under the president's policies, middle-income Americans have been buried. They're just being crushed. Middle-income Americans have seen their income come down by $4,300. This is a tax in and of itself. I'll call it the economy tax. It's been crushing.
If the economy is growing, people want to employ more workers. If you hire more labor, wages go up.
Right now you're seeing more and more families reporting that they are skipping meals. They're having to give up meat. Mothers are foregoing food so their kids can have something. People are growing their own vegetables, not because they've gone organic, but because it's one of the few assured sources of food they have. For low-income Americans food is costly right now. The price of food has been going up, and wages haven't. This puts working Americans in a real bind. The fact that the mainstream media hasn't reported it doesn't mean that it's not happening.
For the typical Americans, most of their income comes from wages. So, for people making less than $1 million a year, about 70% of their income comes from wages. But for those making more than $1 million, for the top 0.3%, it's the opposite.
The truth is that political consciousness in this country is pretty low... To the degree that we can help educate and organize people around the most important issues facing their lives and show that there is support for fundamental changes in the way we do business in the United States of America in terms of income inequality, in terms of low wages, in terms of disastrous trade policies, in terms of being the only major country not to have a national healthcare program - that's success.
As more and more Americans own shares of stock, more and more Americans understand that taxing businesses is taxing them. Regulating businesses is taxing them. They ought to be thinking long-term about their ownership, not just their income, and that they should pay taxes on capital, as well as taxes on labor.
As income from work has become more concentrated in America, the super rich have invested in businesses, real estate, art, and other assets. The income from these assets is now concentrating even faster than income from work.
If I were advising President Obama, since he's the one running, I would have made his campaign very simple. I promise that in four years, I will get more Americans, as many as I possibly can, the opportunity and access to some form of post-secondary education. I want more of them to graduate high school with the skill-set of post-secondary education and I want more of them to be able to obtain that post-secondary education. This is the only way we are going to close the income gap.
This is one way that wealthy Americans could really contribute. They could put hundreds of millions of dollars into the infrastructure bank, be a good investment for them, for their children, for their grandchildren, and they would directly contribute to revitalizing a big sector of middle-class wages in America and making our country more productive, so that we could create more opportunity. But I think that we could get a lot of grassroots support from, like, local chambers of commerce and other things if they understood exactly how this infrastructure bank would work.
My new mission is, and I've said this to the White House, I want the Buy America to be real. I want the Buy America to be by small businesses, African American businesses, Latino and Asian, but in particular our African American businesses who heretofore couldn't even find the front door of government contracts.
I'm not ambitious. I don't want to get anywhere, I don't want anything more. I sometimes think that for me that is the real freedom, that I don't want anything. I don't want money or prizes. I want people to know that a war is going to be fought.
As I examine progressive revenue options, I want to make sure wealthy individuals and businesses pay their fair share, that we reduce the burden on low-income and middle-class families, and not drive businesses from Chicago or create a disincentive for businesses to invest in our city.
America is a center right government, center right people. They want government but they don't want it to be excessive. They want it to be affordable. And most importantly what Americans want is to pass on to their next generation their children a country that's better, stronger and more vibrant and more prosperous.
But, how many times can you get exactly what you want, when you want it? Not very often. So, why not have it with entertainment? That's what it's fun. It's fun! I find that's how I'm watching, more and more. My kids go on binges, and I get sucked in. And then, it's the middle of the night and they're late for school, the next day.
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