I want to discuss the situation in Ferguson, Missouri from an economic point of view, to broaden the discussion, because for me, this is not about one community or a state, or even a country. However, for America, I think we are uniquely positioned to deal with it, the foundation that made us the greatest nation in the first place- The Constitution, capitalism, and a pledge to be a more perfect union.
However, the obstacle is keeping the promise for everyone.
On Friday, on my show, Making Money with Charles Payne, I mentioned Americans believe hard work can get them ahead much more than the rest of the world, but far less now versus a dozen years ago.
Moreover, while Republicans and Democrats equally agree hard work can get a person ahead in life, less than half of the Independents agree with that statement as well.
| Get Ahead by Working Hard | |
| GOP | 61% |
| Democrats | 60% |
| Independents | 45% |
Then, there's the income inequality debate that's gaining steam and will be the central focus of the next presidential election. Adults are overwhelmingly dissatisfied with the distribution of income and wealth: GOP 54% and Democrats 75%.
| Dissatisfied with Income & Wealth Distribution | |
| All Adults | 67% |
| GOP | 54% |
| Democrats | 75% |
It's easy to blame the system or capitalism for widening income inequality and other ailments of the economy, but it's also a luxury to protest on a full stomach. I think policies supposedly designed to spread the wealth have made it harder for regular people to get into the mix and begin that journey up the economic ladder. So, how ironic that those with the same philosophies who are decidedly anti-capitalism will blame the system rather than their monkey wrenches.
Let's try these ideas and a few more:
- Lower tax
- Remove regulations
- Control borders (no amnesty)
- Allow private sector in mortgage and student loan industry
- Promote God and family
- Stop rewarding sloth
Ferguson on Fire
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Let's talk specifically about Ferguson wages; they are 103rd out of 140 cities in the state, and only up 2.8% since 2000. Home values are far less than the state, but up 42% since 2000. To me, it would seem homeowners would take the lead, as they have the most to lose if remaining businesses abandon the town.
| Town on Fire | Ferguson | Missouri |
| Median Income | $36,645 | $45,321 |
| Home Value | $91,808 | $135,000 |
I would love to see a head-fake and then real community organizers promoting education, peace, and family. The American dream is not dead, but to set a torch to a town already suffering will send it backward in time, not forward.
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