Perils Preview
Capitalistic societies all over the world are the most progressive economically and it appears in general that the standards of living are also higher. Unfortunately these societies also have proportionally high percentage of their people below the poverty line. They are also the societies with the longest weekly working hours.
The disparities between the children of the affluent and the poor in the USA are also the greatest. These disparities are so much that the children of the poor live in separate worlds than the children of the rich despite living in the same country. These societies have the children of presidents becoming presidents and the children of gardeners become gardeners. You have in America; Vice President Gore’s father was a senator, the Bushes started with Senator Bush to President Bush, to President Bush II and maybe President Bush III. Let's not forget the Kennedy; the Carters, the Nunn and the Paul all are either politicians or eager to be prominent one. This nation U.S.A. has over three hundred million people, why does it have to be recycling these same names for Presidents? Let’s not forget the Cuomo of New York. Capitalism is the closest system to the class system of India.
There are a few exceptions to this but the only way to avoid the unfairness as described is to have as an equal opportunity as it is possible for the children of this nation. Norway has done the most to equalize the life of his people by providing all equal education, equal access to medical care and transportation thereby giving all their children equal start in life. The children of the rich in the USA go to highly affluent schools with the best amenities, while the children in the poor area are hardly having transportation to schools. The schools that the children of the poor attend are lined on all sides by the drug dealers.
If the system was fair some of the servicemen helping the children of Afghanistan would be helping the children in Chicago to schools. The young adults in this nation of which many have served in the Armed Services to protect the old money which are not presently taxed and the new money presently taxed. That is taxing income instead of taxing all funds. The young black servicemen are not only protecting these funds but the financial system that is in place.
Since both the old money and the new money are being protected should they both be taxed every year? Not yet, because those with the old money and a few that are super rich rule the system and are likely to unfairly protect their fund or money. To be fair the system should tax all money because protecting the financial system means protecting all money.
When these young black men are able to enter college, they are riddled with debt by the not for profit institutions and the for profit institutions. After the below standard education from the institutions the students are unable to find adequate jobs and work, but they have to pay for the loan with low paying jobs. The student loans are backed by the government which makes sure that these students could lose everything until the loans are completely paid. The banks influence the government to make it impossible to declare bankruptcy on student loans. The universities and colleges continue to increase tuitions and other fees because they are aware that the students are certainly coming to college on federal government guaranteed student loans.
The government is also aware that the students will pay the loans or else Uncle Sam will be at their doors at work, at home and at their banks for the money. It is rational to think that college tuitions are based on supply and demand without risk unlike capitalism, but this is not so. This is because the schools are guaranteed to have the students by the government, and the banks are guaranteed the payments by the government. What a racket that is put in place by the system and what a rip-off it is for the students.