Donkey or Elephant

 

In 1967, I was 20 years old, and was a Kennedy Democrat (Donkey) even though he was assassinated in 1963 while I was still in high school.  I was a Democrat because they were the party of the working man and the Republicans were the party of big business.

In 1981, I received my MBA from the Babcock Graduate School of Management at Wake Forest University and became a Republican, not so much because they were of big business but because they wanted:

• low taxes
• small government
• strong military
• strong commerce

The Democrats on the other hand, wanted just the opposite.

In 2020 and no doubt several years earlier, the Democrats changed from being the party of the working man, to party of progressive liberals and socialists who wanted government to provide most everything with the wealthy people paying for it.

Labor Unions, supported by the Democrats, want higher wages and more benefits for employees and while that makes sense on the surface, it is disastrous for an economy because it will raise prices and cause layoffs.

I don't agree with companies paying their management team as much money as they do and that should stop, but companies need profits for expansion, new product development, and for technology growth.

Companies should scale back what they are paying their management teams and government should strive towards a slow but consistently growing economy.

If an economy grows at 3% a year, prices will only double every 24 years and that is not a strain on the worker, however, wages should grow more than 3% a year otherwise the worker is making no progress at all.

Today's donkeys are moving into a socialistic society and while there are plenty of billionaires in the US to pay for a society like that, these billionaires will shield themselves from taxes.

However, the donkeys might get their way because the potential employment takeover by robots is just right around the corner, and we may be forced to move into socialism quicker than anticipated.