Posts tagged ‘Occupy Wall Street Movement’

July 30, 2013

America’s Middle Class Missing Those Halcyon Dynasty Years

by Teréza Eliasz-Solomon (HeiressMommy™)

DYNASTY LOGOIs my title here an oxymoron – no, not at all. For some time and through considerable reading – even study – my mind can not help but conclude that the working middle and solid middle class were perfectly content with their status and small sharing in the lives portrayed on the evening soap opera type 1980’s Dynasty television show. Oh no, you must be thinking – what possible analogy can that have to do with what President Obama recently discussed as the growing income gap crisis in America? Plenty I tell you for now and for some time we have dissipated and denied most any chance of even climbing onto the first rung of that exalted ladder toward grand wealth – why even quite a few already climbing upward through a two parent decent paying and benefit provided jobs have been knocked back down to nearly sub-par existences.

I have long believed that most middle of the middle Americans did not necessarily aspire to the complications that business ownership present … my own parents, husband and myself, other family and close friends have dealt with both the extraordinary opportunities and often daunting responsibility entrepreneurship create for an individual and even the entire family involved. Most good hard working middle class folks felt content and grateful for employment that allowed them a secure standard of living, fear from being homeless or penniless, with the extra expendable money to pursue the small pleasures of holiday parties, budget travel and comfortable retirement. A now and again moderate luxury expenditure or small assistance to educate a child for degrees previously never obtained in that family so much the better for these Americans. There was no envy or hatred for the wealthy or more educated for the working middle class felt their own modest dreams quite enough to claim happiness and gladdened hearts at that America promised and obtained to their wants and needs dream.

Gone, mostly gone is the standard of living comfortably for many in our nation and so there is now REAL anger – often misplaced and not correctly delineated toward the perceived well off. Enemies are now those perceived as greedy despite they too having worked hard and diligently to achieve success – frequently misappropriated blame is professed for explanation of who and why caused such personal economic failures for our fellow citizens. Are there guilty among us – of course, but mostly resulting from lack of REAL oversight and implementing of laws meant to control taxation and distribution of funds through corporation and governments alike. We must have a more logically and less finger pointing solution to the growing unevenness and disparity of American incomes … I am against the so called Occupy Wall Street movement and am convinced its very simplicity denotes a dangerous and meaningless attitudinal posture which will result in no progress toward fairness for all in this nation. Likewise, convincing one group of middle working class that another group – say union workers – are cause of their own economical problems is insane and a sure path to end the cohesiveness that this country depends on in order to function well. As President Obama just stated this week, the growing extreme income gap is fraying our society and our unity is disappearing. We each should demand others are paid fairly – economies are cycle structures and what is earned is spent and this creates another earning position and so on and so on. No doubt the other demand is that REALLY fair share of taxes – not more than fair – is paid by those fortunate to earn or inherit great wealth.

So back to the Dynasty television analogy I began this essay with – those days were seemingly copacetic for the elite showing their finery through drama and magazines, as well as the viewer and consumer. The couture designer clothes and wares offered to the privileged few could be morphed and presented for reasonable purchase prices to the many – satisfied with their obtained copied versions and elated at the REAL prospect that if working hard enough and if so desired they too could live the way those rich people did might, just might happen for them or their children one day was enough to make everyone REALLY happy to be Americans – lets now be determined to reestablish a system where that REAL or imagined status is at least a possible dream for many!

P.S. In my memoir, Heiress Mommy … A Modern Super Woman Life! and follow up book Life Journey of Heiress Mommy, many of the hows and whys I am both a confirmed capitalist and egalitarian union supporter will be fully explained.  For now I assure you if we meet I can sing union songs while wearing my REAL designer clothes – get it?

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April 12, 2013

Austerity Bursts Our Bubbles!

by Teréza Eliasz-Solomon (HeiressMommy™)

Liquidity BubbleMortgages, School Loans, Auto Financing, Retirement Investment plans and so on and so on – are all a matter of “spending money to make money” type scenario. We each – in one or another form – do just that. I wrote a blog during the 2012 Presidential campaign, “Why Little Billy and Susie REALLY Want You to Vote for Obama 2012!” [1 November 2012] which expresses in a rather satirical tonality this same idea – it was and still is a REAL and true fact that families and nations need to extend themselves financial in order to grow and even more importantly, so that they do not contract – no make that not collapse.

All economies are REALLY nothing more than a “swap and trade” program … you know what I mean: I “swap” you this money [pay for something] and then you “trade” with me [sell me that thing or service]. I see all economies – personal, national and international as nothing more than a barter system – yes indeed,  we are negotiating trades at many levels but now so called “Austerity Plans” are disallowing entire constituency purview at that table. What is one to do when they have nothing to offer as an exchange tool – easy answer is nothing at all. Hence the cycle seizes to exist and the economic platform collapses. I am not suggesting nor does current and not even historical evidence support unbridled or unchecked expenditure as the path to economic growth – no, instead a measured and deliberately planned out budget that includes seeding the economy is the REAL answer. America did just that under FDR to reverse The GREAT Depression in 1930’s … there were government work programs that not only gave salaries to previously desperately unemployed people but also infrastructure developments funded by the government that until today benefit us all financially. Think of roads, buildings, public works that still give access to businesses and more – all here today because the FDR plan spent money then.

Just this past week our U.S. Treasury Secretary, Jacob Lew met with the European Union to suggest their austerity program be more “growth friendly“. See – told you – friendly means not contracting drastically by pulling funds from that particular nation’s working economy. One ask then, “Where do you get that money to spend in the first place?” Obviously nation’s borrow from others more wealthy – no one REALLY calls in those bank debts as it is obvious the symbiotic relationship makes those bank notes not easily foreclosed on. Yes it is a “wink and note” interplay – nothing REALLY wrong with that as long as no one cheats, steals or obfuscates the truth of the matter. In other words, when the country who is the borrower takes the “loan” from those in lending position, transparency must rule the day. Problems like the Bubble in Ireland or here this past decade in the United States was with those amongst us not adhering to honest practices and procedures. Simply put – it must be the old case of “dollar in, dollar out” to REALLY work. There is plenty of money on this planet – corporations are well entitled to profits, as are their shareholders, however the almost “hoarding” current status that companies are demonstrating is not acceptable – baby we need to circulate the currency or everyone will eventually lose out.

I like to think of myself as Liberal capitalist … yes a bit conflicted in current rhetorical definition. As my parents before me, I REALLY believe in wealth and growth – the entrepreneurial spirit a part of my DNA to be sure. But also like my parents before me, I also REALLY believe in fair tax paying – all contributing a fair share and not earning or gaining wealth by denying others theirs. A “living wage” and not a minimum wage is needed so that working people can not only survive but thrive and thus spend in venues that then earn and pay taxes. An easy – almost childlike – “round robin” plan.  It is important for me to state here that I am not a fan of the self titled  “Occupy Wall Street” movement/ideas and conversely, I believe that if a bank or any one else is REALLY “too big to fail“, then that entity might just be “too big to exist“. Still I favored the Auto Bail-Out, as well as the bank bail out [TARP] that this last decade presented – I REALLY feel that both President Bush and President Obama did the right thing, for otherwise [well documented] we would have slipped – no make that fell hard into another BIG Depression – possibly full throttle economic collapse.

Look folks – this is hugely complicated and panic, blame game and certainly not finger pointing will serve any of us well. Studied and cautious processes must be instituted and monitored – largess between countries must be the tone. We are on a proverbial “slippery slope” as nation’s contract into jingoism and nationalistic fervor – often used by the politicians to scare their populace into support of plans not necessarily viable. In the mean while, what is needed are REAL employment opportunities and well managed social safety net programs expanded that will stay the tide of misery among the world’s population. Think of it this way – if I pay you decently today, you will buy my stuff tomorrow and then I purchase that which others produce and so on and so on and so on … see – spending it to make it is the REALLY correct theme needed here and now!!!

P.S. In my year end (2013) memoir, Heiress Mommy … A Modern Super Woman Life! I will detail all the wonderfully REAL facts of how my business owner Father unionized his own company – the magnificence of that and the gloried result, that I and my children have as a proud legacy. Hint: it worked out quite well for all involved !!!

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