If you are to believe the Democrat Party candidates for the Presidency of the United States who participated in the two-night debate sanctioned by the Democratic National Committee on June 26th and 27th 2019, the inescapable handwriting is on the wall …
The Democrats are about the fundamental political, economic, and social transformation of America and it is all to be funded by American corporations that are portrayed as greedy and ill-deserving of the profits used to benefit executives, employees, and the investors. Unmindful of the fact that some of those investors are mutual funds whose shares are held by many ordinary individuals as part of their retirement packages.
Little or no attention was paid to the massive government spending and the exponentially expanding debt where debt service will consume the entire GDP in the near future.
While tariffs were condemned, nobody mentioned the windfall of funds flowing into the U.S. Treasury that will be spent by politicians buying influence and votes in the present election cycle.
Nobody bothered to mention that legislation created by the Democrats (Dodd-Frank) allows regulated financial institutions to use their client’s money to save them from their own bad decisions. Simply Google “bail-in” to see what might happen if the economy turns South quickly.
While candidates speak about wage inequality and a “living wage,” entry-level positions for those with few skills and little experience were not meant to support a family of four. Paying what was previously classified as “casual labor” $31,200 plus benefits ($15/hour) which will result in bankruptcies, loss of significant revenues, and major labor dislocations. Companies will replace full-time employees who qualify for benefits with a series of part-time employees who will not be eligible for benefits. Ask yourself if you are willing to pay $40 for a McDonald’s meal for yourself, your spouse, and your two children? The casual labor that was to be protected, now faces an existential threat.
Are you prepared for a union-intervention by those who reward seniority over merit, favor the status quo over innovation, subdivide logical tasks to create the need for additional unionized employees, and add significant time, effort, and costs to most products and services? Can you rise through a union-mandated hirearchy based on your performance?
This is not about politics per se, it is about your future; politics simply one of the risk factors to be considered when planning ahead.
Vote your future.
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life, or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?
