Rise up, America!

Income of Blacks Dropped $6,048 PER YEAR Under President Hope and Change

by Dick McDonald

When Peggy Joseph famously intoned in the last presidential election that  “Obama’s going to pay my gas and my mortgage” little did she know her blind support of Obama’s ‘HOPE AND CHANGE” would result in a 4 year drop in the  income of the average black of $24,000.  Now you won’t hear a joke about that from Dave Letterman or John Stewart because they still believe their President is working to make the poor better off.  The facts say differently but you won’t hear that from the main stream Obamamedia either. They still foolishly hope this town crier and his redistributionist Marxist policies will make the tide rise for all.  Tell that to Peggy Joseph.

I believe when history is written it will paint Obama as a tragic figure that had good intentions but went into office with flawed ideas how on to solve the country’s problems.  Remember he is the man who rode into office saying that under Bush and the Republicans that the income of average Americans was “flat” whereas the income of rich Americans was soaring. Well folks he has managed to make that “income disparity” worse not better.

 

When all is said and done we have a shrinking rich and middle class and a bloated almost poor society - made poor by policies that favor a government and its politicians over its people. Rise Up America and throw the bums out.

UPDATE: WHY OBAMA DOESN’T CARE ABOUT POOR BLACKS

Make the Poor Rich and America Wealthier

by Dick McDonald

I may have made a mistake putting “Make the Poor Rich” in the title of my book. Most poor people don’t consider themselves poor; most consider it a temporary condition. Those that pretend to care about the poor are generally more interested in the political power attached to their advocacy. In Los Angeles the City Council considers the poverty line at $56,000 a year. Yet only people making less than $20,000 a year in Los Angeles consider themselves poor.

I have authored the Rise Up Theory of Economics to rescue not only the poor but the middle class from the indignities of never having enough income during their working life to build independent wealth to retire on. To do that I had to build a theoretical economic engine that would power that vehicle. I found that repealing entitlements like Social Security and Medicare and replacing them with personal investment accounts was the best way to do it. The plan is simple.

Take the 15.3% of our income that is sent to the government by or for us as withheld payroll taxes and put them in our own personal account and invest them weekly in the capital markets (indexed Stock and Bond funds). We chose indexed funds for security and growth. We involuntarily invest each week during our working life and we end up with a million dollar nest egg when we retire. Even a poor man making a minimum wage of $7.25 a hour (no overtime)for 40 years will end up with a $1.2 Million nest egg that throws off $10,000 a month retirement check.

The personal account is a simple solution. It has not escaped the attention of politicians in Congress – each of them already has a personal account even though many tell their constituents that personal accounts will destroy Social Security and Medicare. No, politicians know all about personal accounts and their desirability; they all are presently enjoying the benefits they deny us.

Many people have been fooled into believing that personal accounts are too risky, too costly and the transition to that method would bankrupt us. Were any of that the case why has the Congressional plan worked so well. It not only covers Congressmen but also 3.3 million Federal workers. It has been operated for almost 20 years and it has proven that personal accounts like Rise Up proposes are not too risky, not too costly and appreciate into million dollar nest eggs.

The Rise Up Theory is a wealth creation tool. It is better than Trickle Down as it invites the poor and middle class as well as the rich to the party. In addition it annually pours 15% of the personal income of all working Americans into the capital markets which will fuel a geometric rise in America’s wealth thereby vastly improving our quality of life. In today's consumer-driven marketplace Americans spend all of their income and pour nothing into the capital markets.

If you are interested in Making the Poor Rich and America Wealthier visit www.riseupeconomy.com. You can get a free e-book there that explains the whole plan replete with graphs and tables to prove the mathematics; but don’t be fooled into believing that making the poor rich is some religious or social exercise. Rise Up is just the means to make America immensely wealthier, its culture fairer and free market capitalism more appealing to the rest of the world’s population.

Read about it here

What Republicans and Democrats Want - Is There Any Common Ground?

by Dick McDonald http://riseuptheoryofeconomics.com

Faced with the competing interests of right and left - Republicans and Democrats – it was up to me if I was to construct a new economic theory to meet certain basic requirements of both philosophies. The right had recently been obsessed by the need to increase the flow of capital into the equity markets to keep the economy growing. They had devised both the Fair Tax and the Flat Tax to free segments of our society from punitive taxation to increase that flow. Neither was advocating a reduction in the tax load Americans have to bear. They were both just adjusting which Americans were going to do the carrying.

Democrats, on the other hand, and their many distinct special interest groups were continuing to look to the state for answers to many social and economic needs. They were pushing to tax the rich more to finance the programs redressing their myriad of grievances of their constituents.

I concluded that both sides were fighting for money. Republicans were fighting to keep what they had and make more of it and Democrats were fighting the rich to share “some” of it. It boiled down to man’s reason for creating governments in the first place – property – who has it and how can I get it.

These philosophies differ in their way to get property. The Democrats, even the wealthiest of them, come down on the side of compassion and are willing to take from the rich to redistribute to the poor. On the other hand, Republicans know that the rich pour their funds into the capital markets to create jobs and business that makes our capitalist system keep pace with our expanding population and improving quality of life. It also makes the rich, richer.

How can one economic theory meet the “property” demands of both parties? How can it increase the property of the “have-nots” while at the same time increase the property of the “haves”?

I hit on this approach. Let’s create an economic theory that does both. It must let the have-nots become rich and at the same time let the rich get even richer. To travel that road I had to think outside the box. Religious texts have for millenniums preached that there always will be poor people. If I was to create an economic and societal fix that made the poor rich I would be flying in the face of established religious and political doctrine. That will be the cross that I - and if they agree to it - the American people will have to bear if they want to free themselves from the “big government” nightmare that is confiscating and wasting “their property” in the form of “taxes”..

As a veteran of 40 years of fighting to keep taxes low for the rich, I said why not adopt what my Dad had told me when I was four and what I had been doing for 40 years; let the people keep their taxes and invest them for themselves in the capital markets to eventually become wealthy. Letting government take their money is like flushing it down the toilet.

So the question came up how can we pump money into the capital markets to make the Republicans happy and at the same time make the poor and middle class rich in order to make the Democrats happy? To me that was simple. (1) Repeal our entitlements, (2) guarantee that the entitlement benefits now in place would all be honored and (30 create involuntary personal investment accounts out of the 15% of payroll taxes deducted every year from working Americans. Then invest those personal account funds directly into the capital markets to put the economy into hyper drive. Viola everyone is happy; ordinary Americans, political parties and most of all the citizens of the world who look to America to guide them to a better life.

There you have it; a solution that satisfies the needs of both parties. I call it the “rise up theory of economics” and it is the big brother of the “trickle down theory” that has worked wonders for the rich in the last 25 years. However “rise up” doesn’t just voluntarily “trickle down” from the rich to the middle class and poor. It is going to be an involuntary rain storm of mammoth proportions for all classes of Americans and substantially close the gap between the rich and the poor.

If you are interested go to:

www.makethepoorrich.com

This Saturday AM: Dick McDonald, Neil Boortz, Art Linkletter!

THIS SATURDAY, YOU'LL HEAR THE DARNDEST THINGS FROM 3 GUESTS:

(1) ART LINKLETTER, STAR OF RADIO AND T.V. FOR MORE THAN 60 YEARS TELLS US HOW HE KEEPS HIS MIND ACTIVE AT AGE 94. THE AUTHOR OF KIDS SAY THE DARNDEST THINGS WILL LOOK AT TODAY'S CULTURE AND WHAT KIDS ARE SAYING AND WHAT'S BEING THROWN AT THEM.

(2) RADIO TALK SHOW HOST, NEAL BOORTZ TELLS US WHY THE I.R.S. NEEDS TO BE ABOLISHED AND HOW WE NEED A MORE FAIR SYSTEM OF TAXATION. BOORTZ IS THE AUTHOR OF THE FAIR TAX BOOK AND HE'LL ALSO TELL US WHY THE POOR ARE POOR AND HOW THEY CAN LEARN SKILLS THAT CAN BE USED IN AN OPEN MARKET.

(3) YOU'VE HEARD OF 'TRICKLE DOWN.' DICK McDONALD HAS A NEW WEBSITE CALLED "MAKE THE POOR RICH" WHERE HE TALKS ABOUT HOW THE POOR CAN BECOME WEALTHY WITHOUT HAVING ANY PARTICULAR SKILL SET OR EDUCATIONAL BACKGROUND. HE CALLS IT THE 'RISE UP' THEORY OF ECONOMICS.

You'll hear The Darndest Guests this Saturday!

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