George Rebane
The more that wealth gets redistributed, the less wealth there is to redistribute.
This morning’s (27aug19) lead article in The Union by reporter Cory Fisher (here) informs the reader an awful lot about our community that most of us did not know. It turns out our county is an economic disaster area with more working people than ever going hungry and having problems making ends meet.
According to local reports, “1 out of 7 Nevada County residents” (14.3%) were “food insecure” (term of art for hungry?). Across all US counties 13.3% were food insecure, only 11% were in such dire straits in LA County, the country’s individual rate is somewhere around 12.5% (1 of 8), and all this in a land where over one in three of us are mysteriously fat. (more here)
Then we learn that the hunger rate in our county is not only high but screaming upward. At the Food Bank the increase has been from 800 in May, 1,000 in July, and 1,200 in August – in other words our calorie calamity is reported to be growing at about 150% annually. We are told this is causing our non-profit food distributors financial hardship for two reasons – increase in the county’s hungry population and a reduction in charitable contributions because of Trump’s new tax law.
Somehow the truth about the tax law and its restrictions on charitable giving is completely opposite. The standard deduction has more than doubled to $24K for joint filers and it does not limit giving at all. All it has done is caused more people to take the standard deduction instead of itemizing deductions such as their former charitable gifts. This little feature has induced many people to then just skip the giving, not because they have less money, but because there is no need to give to get the tax benefit. (more here) But that’s not what the article impugns. Somebody forgot to include that character still counts, even under the new tax law.
And the overall problem of falling income making it hard for our county’s residents to make ends meet – it then appears that our workers did not share in the country’s benefit from the tax cuts that increased lower and middle class household incomes by an average of $2,000. (More here) When you factor in the doubled tax credits for kids, the average family has even more dollars to spend. And here is a summary of the real impact of the Trump tax cut.
So, while the rest of the country is enjoying historically low unemployment, rising wages, and paying lower taxes, in Nevada County our poverty rate is estimated to have started increasing again after Trump was elected. He even caused a bump in climate change that started more wild fires, which then raised county residents’ insurance rates that forced some of them to move. The takeaway is clear, it’s only California’s enlightened public policies in housing, homelessness, education, fighting capitalists’ greed and global warming that have somehow kept body and soul together.
In the real world "Americans in the bottom 20 percent of income-earners buy more consumer goods and services than the national averages for people living in most of the wealthiest nations of the world, including those in Europe." (more here) How can this be? Well, for all of you who have consumed the media-delivered poverty rate for Americans, Cato’s ‘Reassessing the Facts about Inequality, Poverty, and Redistribution’ may shed some new light on reality. All said and done, the piece did make me wonder why Nevada County is under the reported curse.
Sandbox - 28aug19
[How come none of our liberals respond to all the illegal alien rapists and murderers who are continually getting caught and arrested? How would they respond to a pack of progressive lies like this yayhoo dispenses in his 'Capitalism's Last Gasp'? BTW, we're going on a little trip that promises iffy connectivity, so please be patient. Vielen dank. gjr]
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