By Mike Huckabee
August 2, 2021
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There’s a key difference between how those on the right and the left view the economy and the role of the government. We’re experiencing the stark contrasts as the Biden administration carries out its policies that lean to the left—in some cases to the far left.
Here are some basic truths about how the economy works. The rule of supply and demand says that if the demand is higher than the supply, prices go up. So if a lot of people want a car or a house but there is a low inventory of cars and houses, the prices will go up. The more demand, the higher the price. That’s true for gasoline, groceries, or gravel. Conversely, if there is a huge supply and little demand, prices will plummet. This is true of labor as well. If there are lots of help wanted signs and job openings but not many workers willing to take the jobs, employers will have to bid up the wages and pay more. But they may try to function with fewer employees, which in the long run means fewer jobs.
Another truth is that taxes taken by the government mean less money for a family or a business. We need taxes to pay for essential services and functions, whether having a military, having airports, waterways, police departments, fire trucks, roads and highways, parks, or sewer systems. But whatever the government does for you, it takes FROM you to do it. If they do stuff you don’t want or need, it costs you in real money. That’s money you don’t keep to buy clothes for your teenager, buy food, pay your housing costs or utilities, or put gas in your car.
When prices go up but wages don’t, that’s inflation. Inflation is a silent tax on you. If the cost of your electricity, gasoline, food, building supplies, and the cost of labor goes up, you have less money left to do things you want to do and less money to buy things you want to buy. The decrease in what you can afford to buy leads to fewer things being sold, which means fewer things will be manufactured and transported which means some people who made, shipped, or sold those things will lose their jobs. Everyone gets hurt by inflation and we are seeing a uptick in inflation right now under the policies of the Biden administration and the Democrats in Congress. Those on the left believes that government should do more to redistribute the money in the economy by taking more from the people who have worked and giving it to those who either didn’t work or who didn’t earn as much as others. Sometimes government promises to “do things” for people for providing “FREE college or childcare.” But it isn’t free at all. The government will have to take more of your money to pay for it. And when taxes are higher, you have less money. And your employer has less money. You can’t buy things you want and your employer can’t increase your wages or benefits. And a store can’t afford to put more items on the shelf which means fewer things are ordered, fewer things are shipped, and fewer things are made. Get the picture? Good, because the folks on the left don’t seem to. They truly believe they can spend your money better than you can. If you actually believe that, you will love those who govern from the left. If you believe you’d spend your money better than the government would, then you’ll want to vote for people on the right.
It’s really not that complicated. How you vote will determine how you live. Elections do have consequences. And if you’ve bought gasoline, clothes, food or planned a vacation lately, I hope you’ve noticed the consequences!
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