Now strikes me as a really good time to provide readers with some historical perspective about our national financial situation.
The current financial policies pursued by voters in the western world have their beginnings in the Industrial Revolution of the 1700’s.
The factory and mine owners of those days were making enormous profits off of the sweat shop conditions of their workers and paying them in pennies. The immediate result of those policies was a virulent, unfocused hatred of all business people and a resentment of anyone who had acquired personal wealth regardless of the individuals own behavior. These feelings of resentment led to the formation of unions, not a bad thing, child labor laws, a very good thing, and the introduction of the income tax system — a very, very bad thing for everyone.
In a word, the general voting public is running about three centuries behind in its political awareness and the entire western world in general is suffering the ill effects. The cures are simple.
1.)We need to abolish both the state and federal income tax systems. We need to start phasing them out right now. The income tax was based on spite, the less monied classes cut off their own noses by it and it opens the door for all sorts of bureaucratic intimidation, interference and mismanagement. We can find other ways to fund the really necessary functions of government for a free nation. I will develop my views about the income tax in-depth in a future post. It covers a lot of ground, idea wise.
2.)We need to vastly reduce or eliminate the capital gains tax. We cannot have a prosperous economy if we penalize prosperity. This tax was also based on the spite of the have-nots.
3.) We need to eliminate all death duties and estate taxes. Same as above.
4.) We need to abolish the Social Security/Medicare system and we need to start phasing it out right now. It was a very bad idea and it is time we all admitted this. Let individuals save for their own retirement and manage their own funds instead. Let’s focus on why health care is so expensive and fix that instead.
Our governments are so intrusive these days and our economy is in ruins because our great grandparents voted in all the necessary ingredients for this to happen. They did this because of their class resentment against “rich” people. Well, our great grandparents generation are all dead now and we, their grand children, are having to live with the results of their political spite. Personally, I am against this.
We all feel that our government is too obtrusive in our lives and businesses and this interference is bad socially and financially. We can cure this mess and the first step will be to call a spade a spade. Those well-intentioned folks who are picketing Wall street today would be better served if they cleaned up their own back yards first otherwise they will only compound an already bad situation. The growing disparity between the incomes has been caused chiefly by legislation introduced by the lower incomes themselves and they are the ones who will have to cure it. I will elaborate on this theme more fully in my next post—
The War Against The Poor—Causes.
P.S. It is my contention that most American voters are not stupid or corrupt. They are, however, inclined to react only to surface stimuli and totally overlook underlying causes. This is where I come in. When you read my blog here, remember I point this stuff out so that we can change things for the better, and not simply to find fault. So keep up the good work everyone. I sense changes for the better on the way.
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The Longest Journey Begins... 
The War Against The Poor…Simple Cures
Posted in War Stories, tagged capital gains, conservative commentary,, death duties, estate taxes, Industrial Revolution, legislation, medicare, social security, wealth on October 14, 2011| Leave a Comment »
Now strikes me as a really good time to provide readers with some historical perspective about our national financial situation.
The current financial policies pursued by voters in the western world have their beginnings in the Industrial Revolution of the 1700’s.
The factory and mine owners of those days were making enormous profits off of the sweat shop conditions of their workers and paying them in pennies. The immediate result of those policies was a virulent, unfocused hatred of all business people and a resentment of anyone who had acquired personal wealth regardless of the individuals own behavior. These feelings of resentment led to the formation of unions, not a bad thing, child labor laws, a very good thing, and the introduction of the income tax system — a very, very bad thing for everyone.
In a word, the general voting public is running about three centuries behind in its political awareness and the entire western world in general is suffering the ill effects. The cures are simple.
1.)We need to abolish both the state and federal income tax systems. We need to start phasing them out right now. The income tax was based on spite, the less monied classes cut off their own noses by it and it opens the door for all sorts of bureaucratic intimidation, interference and mismanagement. We can find other ways to fund the really necessary functions of government for a free nation. I will develop my views about the income tax in-depth in a future post. It covers a lot of ground, idea wise.
2.)We need to vastly reduce or eliminate the capital gains tax. We cannot have a prosperous economy if we penalize prosperity. This tax was also based on the spite of the have-nots.
3.) We need to eliminate all death duties and estate taxes. Same as above.
4.) We need to abolish the Social Security/Medicare system and we need to start phasing it out right now. It was a very bad idea and it is time we all admitted this. Let individuals save for their own retirement and manage their own funds instead. Let’s focus on why health care is so expensive and fix that instead.
Our governments are so intrusive these days and our economy is in ruins because our great grandparents voted in all the necessary ingredients for this to happen. They did this because of their class resentment against “rich” people. Well, our great grandparents generation are all dead now and we, their grand children, are having to live with the results of their political spite. Personally, I am against this.
We all feel that our government is too obtrusive in our lives and businesses and this interference is bad socially and financially. We can cure this mess and the first step will be to call a spade a spade. Those well-intentioned folks who are picketing Wall street today would be better served if they cleaned up their own back yards first otherwise they will only compound an already bad situation. The growing disparity between the incomes has been caused chiefly by legislation introduced by the lower incomes themselves and they are the ones who will have to cure it. I will elaborate on this theme more fully in my next post—
The War Against The Poor—Causes.
P.S. It is my contention that most American voters are not stupid or corrupt. They are, however, inclined to react only to surface stimuli and totally overlook underlying causes. This is where I come in. When you read my blog here, remember I point this stuff out so that we can change things for the better, and not simply to find fault. So keep up the good work everyone. I sense changes for the better on the way.
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