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Benjamin Franklin's Response To The American Dream

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Did Franklin Include Unemployment and Debt in American Regeneration? In “The Way to Wealth” by Benjamin Franklin, he writes “We are taxed twice as much by our idleness, three times as much by our pride, and four times as much by our folly” (Franklin 237) trying to prove a point that not only are people being taxed an outrageous amount, people are taxing themselves extra by our actions. Throughout Franklin’s writing he explains how an American economy should work, along with how a person can maintain and help to keep the economy stabilized for themselves. In the American world today, about 5.0% of people find themselves facing unemployment, a time of stress and conflict among the self, families and friends. Not only are the unemployment rates …show more content…

It is the idle man who is the miserable man” (“Benjamin Franklin Quotes” 1). Franklin believes that in order to be successful and happy one must be working. Idleness is defined as a state of unemployment, not working or active, simply doing nothing (“Idleness, Folly”). Sitting around being lazy will not result in a job offer, working towards finding a job will result in an offer. Franklin believes people are in control of their own economic stability or instability in which being idle will not only tax oneself causing unemployment, but not being able to return from a state of idleness and regain work experience. It is estimated that about 47% of people are not currently looking for a job while continuing to collect unemployment compensation (Cox). With the American economy trying to rebuild itself slowly, in March of 2016 there were 215,000 jobs added to the job market in order to create more opportunity in lowering the unemployment rates (Gillespie). This increase in the job market creates a push for people to go out and try to receive a job that may not have stood out before. In a recent article by Jerry Thomas, he wrote “We need the best thinking and hard work of everyone to rebuild American economy” (Thomas). With the American economy working towards moving away from a state of idleness, Franklin’s ideas about industry are proven to still be current. Franklin stated “Whereas industry gives …show more content…

Franklin writes “But what madness must it be to run in debt for these superfluities!” (Franklin 240) trying to explain to readers how excess amounts of spending in the long run will only lead to debt and unnecessary items. Folly relates to the everyday life of people who continue to spend money on items not vital to life or people who continue to leave jobs or take unemployment compensation for granted. Franklin continually preaches on learning from mistakes, learning when to spend money and also when to save money. He writes “So, rather go to bed supperless than rise in debt” (Franklin 241) trying to get across the importance of decreasing debt rates and saving money soon to be needed for an important investment. In the 21st century, people are concerned with spending, which proves the advice from Franklin needs to be taken in order to decrease the uprising debt rates. The unemployment rates must change as well by people learning from mistakes such as letting a job slip away, completing an interview poorly and overall any mistakes made that harm the ability to receive a job. In order to learn to save money, a person must first work to earn what should be given. Learning from mistakes in the 21st century will be vital in creating an uprising in the American

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