Save 15% on H&R Block At Home Products Deluxe



Why an economic revolution is appealing to the US

To a lot of mainstream media, Bernie’s victory is just what it might appear to be: a one off without too much significance. But the ones propagating that message are the ones refusing to recognize a deeper reality of American politics that Bernie is effectively trying to counter. As a few sources say, though, Bernie’s appeal does not lie in upheaving politics but the way the US society works as a whole. Even now a lot of us have trouble understanding the rhetoric that Bernie is employing and it might help if we take a basic look down at a few things.

First of all, there is little doubt surrounding the fact that the US is in one of its worst financial eras and while there are plenty of ways in which the reasons for that can be discussed, it validation is without question. Despite Obama’s efforts, the college fees keep going up and loan figures keep increasing. Employment still is a question mark for many enterprising graduates whilst healthcare is still a contesting point. Bernie’s rhetoric for removing wealth from the “1%” seems idle at times but it’s important to note that it is not without its reasons.

 

 · Tax returns

 

One thing that many Americans misunderstand is the impact of the tax. Economically, it makes sense that your welfare and other government duties are pretty much carried out through effective tax collections. The current debate is whether those tax figures should go up or not. An effective plan would detail how that tax allocation is supposed to help and we will discuss that length a bit further. The problem is being unanimous about increased taxes. Though Americans agree that the government needs to be more active in healthcare and education, they are unwilling to give further taxes to have that.

The argument is not entirely without reason. If the government is supposed to give basic needs such as healthcare and education on taxes then it should do so without charging taxes that are astronomical. Unfortunately what many fail to realize is that tax collection becomes correspondent to the income of the people within the country. Without getting into the complicated economics of it, when the wealth concentrates amongst too few a number of people, the tax collection becomes steeper if it’s uniform. Even with a constant rate for income, it becomes impractical to keep collecting taxes and expecting the same level of return by the government.

 

 · Education and healthcare

 

This is the critical aspect of the US society currently. You know why there is an anti-immigration sentiment in the US because the narrative of “they’re out to steal your jobs” is running rampant. Interesting to note that this narrative would not exist if unemployment was not as high as it has become so you cannot ignore the problem. The issue is that the singular narrative fixates the problem on the wrong root. It is a no brainer that as education becomes more expensive in the US, the employment rate within the locals is steadily declining. Remember how we talk about the need for the middle class to exist otherwise, the country slides down the developing country’s line of growth.  That is the danger that modern America faces.

The effect is easy to see: tuition becomes more expensive so the unemployment rises and debt figures subsequently rise for those who are trying to get themselves a college degree. A new policy that seeks to make education more affordable is obviously a welcome gesture but for it to succeed, the people must also understand the narrative of why higher skilled workforce requires better education.

Similarly, with healthcare, there is this void that needs to be filled due to the polarizing views surrounding Obamacare. Even though figure wise the policy has done well around the country, there is the need to invest further in healthcare around the US.

 

 · In simple terms

 

A lot of factors surrounding the US can be boiled down and linked to its economic conditions. The whole need of redistributing wealth around the middle class has become a rallying cry amongst political activists and yet the pragmatic agree that a policy that includes more Americans in the educational process is vital for the US’s economy to become healthy again. Unfortunately, such efforts will always be in vain unless an active effort on rehabilitating student loans and decreasing the tuition fees is made.





Leave a Reply

Your email address will not be published. Required fields are marked *