Lets assume for the sake of argument that your philosophies are true, I don't think some of them are, but lets assume. What math are you using? A $15/hr job, even at an 80% tax rate is $100/wk higher take home than you are figuring. In Iowa, it may only take 800 acres to make $1,000,000 on corn, but in NWKS where we average around 85 bu/acre, it takes closer to 1600 acres. Most of the growers around here this year will be lucky to get 35 bu/acre. Right at the point that insurance will not cover, but it still won't cover production cost. Also assuming that ethanol would disappear, and you would have the corn to feed instead of the Distillers Grains, where would all this corn go? You would have 3 times the product to feed of corn vs. what you have for corn grain? In our area, most prefer not to feed milo to stock, however, milo is a large percentage of what is grown in this area, as it is more drought tolerant than the corn. 35 bu corn this year vs 50 bu milo, where do you suggest this milo go? Or do we just go back to planting corn and getting less yield? The price of corn seed is high because it is stacked with a large variety of traits that produces higher yields/better feed. Seed companies pour huge amounts of money into R&D, and they must recoup this somehow. I will close by saying that I am most definitely not an Obama supporter, however, I'm not sure Romney is a better choice. Just once in my life I would like to vote in an election where I am voting FOR someone rather than picking the less of the two jackasses.
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Well........................lets make another assumption. Lets take look at this statement. " "What math are you using? A $15/hr job, even at an 80% tax rate is $100/wk higher take home than you are figuring." I am going to ASSUME that you are using some sort of ALIEN math unknown to humans in order to make that statement. But here is the way I figure it, using an 80% tax rate you supposed.............. $15 an hour times 40 hours is $600. Follow me? At a federal income tax rate of 80% (your example) that would leave you $120. Now in the post that I made I stated that $600 earned would leave $400 take home pay. Where exactly did you come up with at an 80% tax rate, it would leave $100 more than I was figuring? would you care to share those calculations?
None the less, federal taxes aren't all that come out of those pay checks, Here, for instance there are state income taxes, there is F.I.C.A. I have overseen THOUSANDS of payroll checks and I know what $600 brings home here.
As far as the corn and milo go if there were three times more corn to be fed and nothing to feed it to, then my suggestion would be to grow less corn?? If no one wants to feed Milo then my suggestion would be not to grow Milo.
Here's my honest take on it. For 25 years I my job was in support of some manufacturing facility. When the government policies did away with the majority of manufacturing in this country, I had to change my way of making a living because there is no demand for manufacturing management. So I got involved in Real Estate. Now that government policies have busted the real estate market so there is no demand for housing, I have to rely on selling cattle or doing something else. Why should farmers in NWKS be any different? Why shouldn't they have to change what they do if there is no demand for their product? As I stated previously, I have no problem helping people out that need it. The point of the OP was the money that goes to those that DON'T need it as shown by the amount of grass in my pasture.
As far as the price of seed corn, seed corn is at that price for no other reason than that is what the market will bear, If corn was $2 a bushel, you can bet that seed corn would not sell for $300. ANY item is priced at a level that the market will bear. The problem is when the market has demand that is artificially inflated, for instance the corn market from the artificial demand of Ethanol, the price becomes higher because the demand is greater. I realize there is lots of R&D cost in seed corn, but the price is only as high as it can be sold for.
As to Romney, like you I am not sure it will be better, but I AM sure it would be different. And this path we are on now is not going to do anything but destroy the nation as we know it.
