If you really want to know why the world economy is in free-fall. And why the American economy is the disaster that it is today, the answer is found by looking in the mirror.
Our National Leaders know an awful lot about BUYING votes with taxpayers’ money, but nothing about how to manage the money they TAKE. Also, there is something intoxicating about the power to spend.
The perfect example that can be found . . . is in the current White House, which is being MISMANAGED by the single most economically incompetent President in American history.
OBAMA STARTS WITH THREE HUGE STRIKES AGAINST HIM:
1 – Obama’s NEVER managed as much as a convenience store.
2 – Obama surrounds himself with economic theorists who know all about managing economies in the confines of academia and big business, both of which are as far removed from the real world of business as it gets.
3 – Obama is at BEST a Socialist who believes that privately earned wealth should be taken from the MAKERS, to be distributed by the State to the TAKERS.
He never asks the question: What happens if the MAKERS stop making?
It is IMPOSSIBLE for me to remember a time when a US President and all other politicians didn’t use the people’s money to buy votes by growing programs, entitlements, and the size of the bureaucracy.
However, none has ever been as prolific a spender and incentive-killer than Barack Hussein Obama.
BUT WHO’S REALLY RESPONSIBLE FOR THE MESS WE’RE ALL IN?
No one can be blamed more for the economic disaster the world finds itself in today than us, WE THE PEOPLE, who allow, and even encourage our elected politicians to do the following:
1 – Buy our votes with our OWN money.
2 – Grow government to unsustainable levels.
3 – Empower bureaucrats to regulate private growth incentives out of existence.
4 – Punish the creators of wealth and jobs by taxing them to distraction.
5 – Support the TAKERS over the MAKERS.
6 – Allow Big Companies that are in the opinion of governments to be “TOO BIG TO FAIL”, to survive off public tax funds with corporate welfare, unfair subsidies, special government contracts, plus tax incentives and loop-holes available only to them.
7 – Allow the money-handlers (Banks, Wall Street/Bay Street, Insurance Companies, Hedge Funds – etc) to play their own insider-games with financial “products” such as derivatives, which are nothing more than very sophisticated Ponzi Schemes.
8 – Take away the obligation of personal responsibilities from the people by creating unrealistic and unsustainable entitlements.
SO HERE’S A NEWS FLASH:
1 – Do not sell your vote to politicians who make promises with your own money.
2 – Reduce the size of government by closing useless Ministries. And slash the cost of government by paying all Public Sector Employees at comparable salary levels and benefits INCLUDING pensions that are earned in the Private Sector.
3 – DEREGULATE everything that is NOT really in the public interest.
4 – Allow businesses to thrive by allowing all businesses to keep MOST of their profits. A Flat business tax should replace the ridiculous tax code that requires an army of accountants to interpret.
5 – Stop encouraging companies NOT to hire by giving employees rights that have little to nothing to do with the nature of the business.
6 – The government should not be subsidizing any businesses large or small. And there should be no such thing as a business that is TOO BIG TO FAIL.
7 – Close down all the investment Ponzi Schemes by making the flow of financial investments absolutely transparent and understandable. And pay Investment Houses a percentage on profits – NOT on sales.
8 – Get out of the Big Brother Entitlement Business. And let people take care of themselves.
I BELIEVE IN PROPORTIONAL VOTING:
To me, the best thing we could do is change the way we ELECT our politicians.
I’ve written about this in the past. And I’ll write about it again, and again, and again ad nausea, because it is crucial to our socio/national survival.
WE ARE NOT ALL EQUAL:
Almost half the people in North America PAY NO TAXES. So, why should they get the same vote as people who do pay taxes? And of the people who pay NO TAXES, many of them live off the welfare of the country.
Then there are the people who actually create the jobs that provide the wealth that pays for EVERYTHING that is financed in our society.
But, those MAKERS are in the vast minority within our society.
Think about this for a moment – Why should the majority of people who pay nothing into our society, get to set the political and social agenda for the minority that pays for everything?
1 – Those who live off welfare should have a vote count of ONE.
2 – Those who do NOT pay taxes, but don’t live off welfare should have a vote count of TWO.
3 – Those who pay taxes should have a vote count of THREE.
4 – For those who create any number of jobs, they should have a vote count of FOUR.
In today’s computer-age, I can’t imagine that a voter-data base built upon the disparity of TAKERS to MAKERS wouldn’t be all that hard to construct.
And if this ever became an actual voting model, which I doubt it ever would, because it would spell the end of the current political system that guarantees incompetence . . . I could not imagine a system that could be more prosperous and efficient.
AND THAT’S WHY IT WILL NOT HAPPEN. AND THAT’S WHY WE’RE HEADING OVER THE CLIFF.
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Best Regards . . . Howard Galganov