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One of the great ironies of American politics is that most politicians who talk about helping the middle class support policies that, by expanding the welfare-warfare state, are harmful to middle-class Americans. Eliminating the welfare-warfare state would benefit middle-class Americans by freeing them from exorbitant federal taxes, including the Federal Reserve’s inflation tax.

Politicians serious about helping middle-class Americans should allow individuals to opt out of Social Security and Medicare by not having to pay payroll taxes if they agree to never accept federal retirement or health care benefits. Individuals are quite capable of meeting their own unique retirement and health care needs if the government stops forcing them into one-size-fits-all plans.

Middle-class families with college-age children would benefit if government got out of the student loan business. Government involvement in higher education is the main reason tuition is skyrocketing and so many Americans are graduating with huge student loan debts. College graduates entering the job market would certainly benefit if Congress stopped imposing destructive regulations and taxes on the economy.

Politicians who support an interventionist foreign policy are obviously not concerned with the harm inflicted on the middle-class populations of countries targeted for regime change. These politicians also disregard the harm US foreign policy inflicts on Americans. Middle- and working-class Americans, and their families, who join the military certainly suffer when they are maimed or killed fighting in unjust and unconstitutional wars. Our interventionist foreign policy also contributes to the high tax burden imposed on middle-class Americans.

Middle-class Americans also suffer from intrusions on their liberty and privacy, such as not being able to board an airplane unless they submit to invasive and humiliating searches. Even children and the physically disabled are not safe from the Transposition Security Administration. These assaults are justified by the threat of terrorism, a direct result of our interventionist foreign policy that fosters hatred and resentment of Americans.

Some “military Keynesians” claim that middle-class workers benefit from jobs in the military-industrial complex. Military Keynesians seem to think that the resources spent on militarism would disappear if the Pentagon’s budget were cut. The truth is, if we reduced spending on militarism, those currently employed by the military-industrial complex would be able to find new jobs producing goods desired by consumers. Even those currently employed as lobbyists for the military-industrial complex may be able to find useful work.

Few things would benefit the middle class more than ending the Federal Reserve. The Federal Reserve’s inflationary policies erode middle-class families’ standards of living while benefiting the financial and political elites. Middle-class Americans may gain some temporary benefits from Federal Reserve created booms, but they also suffer from the inevitable busts.

As I write this, the dollar still reigns as the world’s reserve currency. However, there are signs that other economies are moving away from using the dollar as the reserve currency, and this trend will accelerate as the Federal Reserve continues to pump more fiat currency into the economy and as resentment toward our foreign policy grows. Eventually, international investors will lose confidence in the US economy, the dollar will lose its reserve currency status, and the dollar bubble will burst.

These events will cause a major economic downturn that may even be worse than the Great Depression. The main victims of this crisis will be average Americans. The only way to avoid this calamity is for the American people to force Congress to free them from the burdens of the warfare state, the welfare state, taxation, and fiat currency.

(从重新发布 罗恩·保罗学院 经作者或代表的许可)
 
• 类别: 经济学 •标签: 美元, 美联储 
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  1. My dear Ron Paul, the Number One nemesis of the middle class is Perpetual Mass Third World Immigration (consisting of needless legal immigration, unchecked and incentivized illegal immigration, employer scamming and foreigner abuse of visa programs, and lucrative federally-underwritten refugee resettlement rackets), without which there would have been no 9-11 圣战 attacks and no ever-metastasizing Police Surveillance Security State – and thus no TSA goon gropes of U.S. citizens.

    The Number Two nemesis of the middle class is the dismantling of trade protectionism tied to the substitution for it of the new religion of free trade that allowed U.S. firms to ship American industries and jobs to foreign powers, thus also creating a huge and still-growing trade imbalance and instigating massive federal borrowing from foreign powers to fund Perpetual War and the rampant growth of the welfare state made “necessary” by federal non-enforcement of immigration law that incentives evermore Perpetual Mass Third World Immigration.

    • 回复: @iSteveFan
  2. AnotherDad 说:

    Perhaps all points of merit. (Certainly more or less squares with my view.)

    But it’s just ridiculous to talk about declining middle class prospects (or the left’s “income inequality” theme) and not mention immigration.

    Mass immigration simply dwarfs everything else in Americans’ declining economic prospects. (The Federal Reserve and an expensive foreign war were around in the 60s when i was a kid–the middle class was booming.)

    America’s traditionally been a prosperous country because
    a) a high quality–genetically\culturally–population
    b) an abundance of land
    c) not an abundance of labor

    In other words the “human capital” was there to develop a prosperous nation. Land–and other resources–were available to exploit. The country wasn’t chock full of people, so labor was dear relative to opportunities … so wages were high.

    These advantageous have been intentionally pissed away this last 50 years. The US opened up to the world labor market … not exactly a shock that people with low to medium skills have seen their position slide. And even the high skilled face intense competition, plus much higher housing prices to find a suitable environment to raise a family.

    Anyone talking about these issues and not even mentioning immigration is simply not a serious person.

  3. MarkinLA 说:

    Politicians serious about helping middle-class Americans should allow individuals to opt out of Social Security and Medicare by not having to pay payroll taxes if they agree to never accept federal retirement or health care benefits. Individuals are quite capable of meeting their own unique retirement and health care needs if the government stops forcing them into one-size-fits-all plans.

    Sorry Ron but this just ain’t so. Social Security wasn’t created because the government decided that all those people in the Depression who were retiring thanks to all the savings they had in the banks and all their generous pensions needed a new tax to pay. It was created because people lost everything they had in the banks and they lost their pensions when they lost their jobs.

    If you can come up with a plan that allows everybody to have a decent retirement at some reasonable age, let me know. No such plan exists anywhere on Earth.

    • 回复: @Max Payne
  4. Max Payne 说:
    @MarkinLA

    No such plan exists anywhere on Earth.

    False. See: Denmark

    • 回复: @MarkinLA
  5. A large portion of our existing “elected” leadership are among the !% and most are in the top 5%. They suffer no hardships except having to mingle in incestuous fashion with federal revenue chasers (lawyers, lobbyists, ex-bureaucrats and politicians) all strategically located inside the DC beltway.

    It is no accident that the counties surrounding DC are each counted among the most wealthy counties in the USA. In fact, they constitute the top nine counties income-wise in the USA. This is no accident. By design, Congress and our Presidents have fashioned an ever more centralized government which has succeeded in collectivizing powers in DC as well as revenues that have been stolen from local citizens, counties, cities, states outside that devil’s den inside the beltway.

    Nothing good has come from this collectivization. Virtually all of the federal agencies are beset by rabid abuse of common sense fiscal controls. Scandal after scandal has emanated from DC and the likes of the Dept. of Education, Secret Service, the IRS, all of the welfare agencies, etc. are all failing to do their job. Instead of accomplishing goals they are busy writing new regulations to expand their powers. Our federal agencies are not held to account for use of funds or for performance but they are well trained to lie, obfuscate, divert and delay. AND, they abuse the hell out of whistle blowers.

    THE SOLUTION: Decentralize the whole federal system. Move agencies to the hinterland and those who work for these agencies as well. The fed can teleconference just like business and fed employees do not need to hold hands. Washington is awash in corruption, deceit and wealthy people, politicians and big business all trying to reach deeper into yours and mine pockets.

  6. MarkinLA 说:
    @Max Payne

    The people in the US who retired with inflated Social Security payouts in the 1980s thanks to Claude Pepper’s constant attempts to raid the SS surplus and jack up the payouts would probably apply as well but the systems itself is unsustainable as will Denmark’s be – especially once their deadbeat immigrants start feeding at the old age pension trough

  7. iSteveFan 说:
    @Auntie Analogue

    My dear Ron Paul, the Number One nemesis of the middle class is Perpetual Mass Third World Immigration (consisting of needless legal immigration, unchecked and incentivized illegal immigration,

    Thank you. I too am getting tired of any article on this topic that omits immigration from the discussion.

  8. Anonymous • 免责声明 说:

    give credit to tribe who make all this immigration happen in spite of many white people not want more immigration. This tribe I speak of makes immigration happen over whole world except that tribe’s country. And if you ask why only white countries must accept more immigrants but not this other one country, they scream “holocaust” and call you racist

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