With proposed federal budget cuts threatening military contracts and employment in Southern California’s aerospace industry, about 2,000 Northrop Grumman Corp. workers were urged by Rep. Howard “Buck” McKeon (R-Santa Clarita), the Chairman of the House Armed Services Committee, to fight to save industry jobs.
This is yet a another measure of tax redistribution and government borrowing to prop up the American economy, whereby job attrition due to the exponential shift from labor to productive capital as the primary means utilized to produce products and services is causing military/industrial boondoggle policy support. Real, productive employment will result from a national policy to empower ALL citizens to accumulate viable portfolios in productive capital assets simultaneously with the growth of the economy’s capability to produce products and services needed and demanded by consumers.
We cannot balance the budget without cutting out coerced taxpayer-dependent redistribution of the earnings of capital workers, which if we did at this juncture would collapse the economy and ruin lives, resulting in social strife, personal suffering and degradation, the erosion of freedom, and ultimately anarchy, which will bring on totalitarian government. While welfare, private charity, boondoggle employment and other redistribution measures are now seen as necessary, they do not have to be sustained indefinitely. There are policies that can be adopted and executed to reverse the ultimate direction of collapse of the American market economy system. These policies are based on the recognition that as the production of products and services changes from labor intensive to capital intensive, the way in which every human being––not just a few, but every person––earns his or her income must change in the same way. At the core of this revolution is the understanding and commitment to broadening the ownership of productive capital.
http://www.latimes.com/business/la-fi-defense-cuts-20120403,0,165492.story
http://www.latimes.com/business/la-fi-northrop-tax-credit-20140812-story.html
