America not only has an economy problem, we have an economic educational problem that compounds the issue and our ability to resolve it. Most of our younger generation have been victims of educational malpractice as a result of liberalism and political correctness that infiltrated our educational system going back a few decades, and it will take a concerted effort, and a few more decades to overcome it. The curricula emphasis on diversity and political correctness took the place of history and economics and has produced a generation of ill informed, over emotional people with a distorted understanding of our Constitution and capitalism. One of our resident liberal teachers here has said on many occasion that the Constitution is racist and misogynistic, and even a liberal Supreme Court justice has said that if she were beginning a new country, she would not look towards the US Constitution as a foundational document, preferring instead to look towards other countries philosophy of governance. Unbelievable as that is, it’s true. The US Constitution is inarguably the greatest governing document ever written, and needs to be taught as such. The US Constitution is responsible for this country becoming the most powerful economy in the world, offering the most civil rights and liberties than any other country hands down.
Re: economics, too many people are financially illiterate as to capitalism, the private sector, and the role of government. Let me begin by simply saying that wealth is not a zero sum game, capitalism is the best economic platform hands down as “a rising tide lifts all boats” (think: JFK), and the role of government is simply that of a referee. Free markets are the foundation of the capitalist platform, and the Federal Governments role is to see that the rules are abided by, and the Federal Government has failed at this core responsibility so to think that they can perform any other function properly defies common sense. There should have been investigations, indictments, prosecutions and convictions stemming from the 2008 housing crash, but those investigations would have revealed some very uncomfortable truths for some very well politically connected people so the fact that those investigations never took place, should be disturbing to us all. The fact is, that more people can be lifted from poverty and the lower class via a healthy private sector, than any government program could ever accomplish, and the more money that the government extracts from the private sector, the less ability that private sector has to turn that money, creating wealth, jobs and ….. wait for it …… tax revenue. It’s all about the turns and any retailer, wholesaler and manufacturer can attest to that. The more you turn your inventory, the more income is produced, the more profit is produced, the more jobs are produced, which exposes more dollars to taxation. It’s better to tax a dollar that is turned 5x at 20%, than it is to tax that same dollar turned 1x at 40%, and any liberal that desires more revenue to the federal government needs to understand this basic economic fact. Sadly, this is not taught often enough in our primary and secondary educational levels.
As a country we owe our children an honest education, and there are certainly people who do take advantage of our capitalist system, as the very nature of the system can invite corruption, but if our federal government was more focused on it’s proper role, those instances would be few. Our children need to understand how the blend of our Constitution and our capitalist economy has created the most powerful, free country in the world unequaled by any other. As it is now, the misunderstanding of those two foundational components of our country has resulted in our current slide into malaise and mediocrity.