Tuesday, February 9, 2021

The distribution of the national resource/Carlos Pueblo

 The distribution of the national resource/Carlos Pueblo

It has been a popular subject of the U.S. politic for the distribution of the national resource to the general public ever since the out break of the Chinese Wuhan Corona Virus pandemic. I believe that is three times, the PPP Act 1.4 trillion, the Care Act 900 billion, and the Care act 1.9 trillion. We can imagine how severe of the damage to the U.S. economy. Only for some excitement to receive $3,200 in three separate times for most of the population is unprecedent in the U.S. history. It doesn't mean that our federal government has such money in saving, as a matter of fact, in the past four years we have increased more than eight trillion national debt to the total of more than 31 trillion since the revolution in 1776. To maintain such huge national debt without the bankruptcy is also considered as a national resource.

Let me explain the distribution as a form of welfare which will be much easier to understand. We all are aware that the welfare is a distribution to the people in poverty. Varies governments have to make a budget to fund the distribution. i.e., the welfare check, the food stamp, and the Medicaid, etc.

If we think carefully that the unemployment check system, the social security benefit, and the Medicare, etc. are also the distribution or the welfare to the long time workers. You must work for a long time in your life to get such welfare or distribution of the national resource.

The tax cut preferred by the Republican regimes is also a welfare or a distribution of the national resource to the rich and the huge corporation. Selling weapon to the other nations to help the defense industry can also be considered a kind of welfare or distribution of the national resource. The weaponry can be used to the war or deter wars yet most of them are like toys and can be aged without any real use.

The U.S. federal government has been very good at the distribution to cover as much as possible. Of course, it is because that of the two party system, one liberal and one conservative party. The Democrat is progressive while the Republican is conservative. There is a kind of balance in between; however, the U.S. laws have been written by the rich and well established. Before I end this writing, let me mention one more example, the student loan forgiveness which is also a distribution of the national resource.

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