NOBEL ECONOMICS

OCTOBER IS - AMONG A MYRIAD OF OTHER CAUSE CELEBRES - DOMESTIC VIOLENCE AWARENESS MONTH. WHAT AMERICANS SHOULD BE AWARE OF - AND BEING POLITICALLY INCORRECT, THE FACT WILL NOT BE DISPENSED - IS THE SHAMEFUL STATUS OF MARRIAGE IN OUR SOCIETY TODAY. A MARRIED TWO-PARENT FAMILY UNIT WOULD GO A LONG WAY TO ELIMINATE THE PROBLEM (OR CRISIS IF POLITICALLY CORRECT) OF DOMESTIC VIOLENCE. THE THINNESS OF TWO PARENT HOUSEHOLDS, IRREGARDLESS OF TWO INCOMES IS SPREADING; UNMARRIED HOUSEHOLDS NOW REIGN IN THE U.S.A. A CO-INCIDENT INDICATOR OF THEM IS THEIR LOW INCOMES WHICH WIDEN THE GAP BETWEEN RICH AND POOR AND ACCELERATE THE DISAPPEARANCE OF THE MIDDLE CLASS. THIS SHAME IS A BIG, DIRTY SECRET - AGAIN POLITICALLY INCORRECT. THE REMEDY IS NO BIG DEAL. EDUCATION, EMPLOYMENT, MARRIAGE, CHILDREN, STABILITY - IN THAT ORDER. SUCH A SUCCESSION OF LIFE CHOICES WILL RESULT IN FEWER LOW WAGE EARNERS OR LOW WAGE NON-MARRIED PARENTS, WHICHEVER TERM APPLIES. IF THE U.S.A. CANNOT BOAST OF A PREPONDERANCE OF 'TYPICAL FAMILIES', IT CANNOT EXPECT A RISING MIDDLE CLASS.

THIS INSIGHT REMINDS ME OF A FEW OPINIONS OF THE NOBEL PRIZE WINNER IN ECONOMICS, EDMUND PHELPS, WHO RECENTLY DEMONSTRATED THAT HE IS NOT PERCIPIENT OF THE COMMON SENSE OF REAL PEOPLE. HE ADVOCATES, AS ONE SOCIAL SOLUTION TO LOW WAGE WORKERS ( OFTEN SINGLE PARENTS), AN INCREASE IN THE WAGES OF THE POOR. DUH! OBJECTION: EXPENSES RISE TO MEET INCOME AND THE POOR, AS TIME IMMEMORIAL PROVES, WILL CONTINUE TO MAKE BAD CHOICES AND WASTE MONEY, NO MATTER WHAT INCOME THEY ACHIEVE. THE ECONOMIST ALSO ADVOCATES HIGHER TAXES ACROSS THE BOARD FOR ALL LEVELS OF WAGE EARNERS. OBJECTION: INCREASING TAXES ON THE SUCCESSFUL PEOPLE WHOSE SPENDING PATTERNS ARE DESIGNED TO MAKE MONEY AND FOSTER SUCCESS, SLOWS DOWN THE ECONOMY WHICH IN TURN ULTIMATELY HURTS THE LOWER CLASSES. THE ECONOMIST ADVOCATES RAISING TAXES FOR EVERYONE IN ORDER TO RETIRE GOVERNMENT DEBT. OBJECTION: THE PUBLIC AT LARGE CANNOT RELATE TO THE PROBLEM OF 'WASHINGTON’S OVERSPENDING AND DEFICIT EXCEPT AS AFFECTS THEIR BILLS AND DISCRETIONARY SPENDING. FURTHERMORE, ELIMINATING THE DEBT WILL NOT PROVIDE AN "INCENTIVE TO WORK" FOR INDIVIDUALS NOR WILL IT PROVIDE AN INCENTIVE FOR THE GOVERNMENT "TO ADVANCE IN THE WORLD." SUCH A GLITTERING GENERALITY FOR THE GLOBE COULD ONLY BE SPOKEN BY AN ACADEMIC FROM HIS IVORY TOWER. THE ECONOMIST ALSO BELIEVES THAT “TOO MANY PEOPLE IN AMERICA SUFFER JOBLESSNESS, ... AND THEY “CAN’T EARN A DECENT LIVING.” HE ADVOCATES ONE SOLUTION, TO SUBSIDIZE COMPANIES “FOR THE ON--GOING EMPLOYMENT OF LOW-WAGE WORKERS. OBJECTION: SUBSIDIES ACTUALLY COME FROM TAX CONTRIBUTIONS OF NON LOW-WAGE WORKERS. THERE WILL BE NO INCREASED DEMAND FOR EMPLOYEES UNLESS EMPLOYEES THEMSELVES CONTRIBUTE TO A COMPANY’S BOTTOM LINE ( OR UNLESS THE LINE IS SUBSIDIZED WHICH IS LIKE A CATCH 22).

NOBEL PRIZE WINNERS DON'T LIVE IN, WORK IN, UNDERSTAND OR PURSUE A COMMONPLACE EXISTENCE IN, THE 'REAL' WORLD. TAKE IT FROM ME.
IN THE REAL WORLD, THERE WILL ALWAYS BE A CLASS WITH POOR HABITS THAT WILL REMAIN POOR. THE MIDDLE CLASS CAN BE SAVED BY THE RETURN OF A TWO-PARENT FAMILY. THANK GOD FOR THE RICH WHO SUPPORT THIS COUNTRY.