The New American reports that the wealthy are escaping the increasing tyranny of the United States for lands where the government is not coming after them like a butcher after a fattened hog.
Many people who looked to America as the protector now see America is bent on coming after them. We’re getting a whole new class of client who is someone who says, “I want to go into the [IRS] disclosure program and as soon as I complete it, expatriate.”
The number disgusted with how America treats its successful citizens continues to grow. As Bugnion of ACA notes, “It is a sad outcome, but I personally feel that we are now seeing only the tip of the iceberg.”
Regardless of how much you might despise, or be jealous of, the rich, they’ll be taking more jobs and investment dollars (which translates to even more jobs) with them. Also, US entrepreneurs are more often launching their companies as foreign ventures too (or moving their ventures overseas), creating jobs overseas over there instead of here. Can you blame them? Most of America has been voting for the measures that are chasing them away. If you are one of them, you deserve the economic hell you helped create. The minority of us who vote in an economically-libertarian fashion do not.
The more brilliant approach is not to pillage the rich, but help out the poor and middle class by simply getting the government out of the way – by reducing regulation, on business and our lives, leading to unprecedented opportunity for wealth for all. Excessive regulation has the effect of keeping the poor poor and making the rich richer, but poor liberals are eternally tricked into voting for more! What a scam! The rich can better survive excessive regulations, with armies of lawyers, tax strategists, consultants, whereas the poor cannot.
Are published government economic statistics meaningless? Reality-facing economist reveals the invalidity of using GDP (Gross Domestic Product) as a legitimate measure of the US economy’s health. Misleading unemployment numbers are also attacked. Is there an agenda behind using these faulty indicators or is it just ignorant tradition?
More on John Williams:
ShadowStats.com Shadow Government Statistics Analysis Behind and Beyond Government Economic Reporting
If libertarian ideals were fully implemented, this economy would take off like a rocket! Libertarians, as I use the term, includes those in the actual Libertarian Party, such as Gary Johnson and others who stand by libertarian principles, such as Ron Paul.
That libertarian reforms would greatly boost the economy is obvious to those with enough intelligence to understand how the economy really works, but not so obvious to those who can’t get it and are brainwashed with liberal or neo-con dogma. More government molestation of business and personal activity is not the answer. Less government is!
Libertarians would eliminate all unnecessary regulations on business, thereby allowing business to develop and grow at a much faster pace. For those who can’t “put two and two together”, that means many more jobs, more raises, promotions, more stable careers and pensions.
Libertarians would eliminate all unnecessary regulations on personal activity, thereby stimulating demand and a new motivation for life for many people. This translates to more demand for more products and services, creating more jobs and improving the standard of living (as each person would pursue according to their own style – not the right or left style conformity society tries to force us into).
Libertarians would dramatically lower taxes, tax complexity and tax tyranny for business, which would be more money companies could use to hire more employees, give raises or even invest in other businesses. We use the term “tax tyranny” to mean excessive bullying by the IRS and state tax agencies that slows business activity and ultimately results in fewer jobs and lower wages.
Libertarians would dramatically lower taxes, tax complexity and tax tyranny for individuals, thereby giving people more money to improve their own lives as they see fit, and doubtless this money would better stimulate the economy than how the government would spend (waste) it.
Libertarians would have ZERO tolerance for government waste and that means many, many things! No more bail-outs, loans for certain companies, no more government blowing money on alternative energies, studies of risky behavior of homosexuals in Argentine bars, no more paying some old man to get an erection, no more corporate welfare, no more farmer welfare and perhaps even converting individual welfare to private charity (churches, organizations, etc.).
Libertarians would greatly reduce government bureaucracy, passing the savings to taxpayers. This would be a significant economic boost on it’s own!
Libertarians would relax property regulations, creating a sustained, permanent boost in the real estate industry, translating to more jobs, more freedom and more potential for the poor to afford a home and have some dignity.
Libertarians would demand sound money, audit the Federal Reserve and ensure we weren’t effectively printing extra money, like some extremely irresponsible third world country gaining temporary advantage for the government while crushing the people financially.
Libertarians would resurrect what it really means to be free, what it really means to be American, invigorating the nation with a new zeal for life and economic success.
And for those who don’t realize, Ron Paul is a libertarian who runs as a Republican as a political strategy, and because the Republican platform is a closer match to the freedoms that matter most (but obviously not a great match at all, nowadays). All freedoms matter, but if the economy collapses (entirely) from lack of economic freedom, nothing else will matter. In addition to assaults on basic freedoms with such hastily written legislation as the Patriot Act, mainstream Republicans have not even done a very good job of standing for the economic freedoms they are supposed too! Consider voting for someone no less libertarian than Ron Paul going forward. Your vote may not count toward a win, but it will count as a statement – a statement that will be harder to ignore as the Republican establishment (and Democrats) hemorrhage more and more votes!
Brace for future inflation! The most brilliant solution that the federal government can come up with is to buy government bonds, which is to effectively print more money, exactly as Peter Schiff and other intelligent economists predicted!
Instead of doing the right things to fix the economy, they do the dumbest, most desperate and wrong thing they can. What, are we in Zimbabwe? This economy would take off like a rocket if they’d do the right things like get rid of unnecessary regulations, drastically reduce government spending, drastically reduce personal and business taxes, business red tape and harassment, selling off government assets, and removing punishing factors for people doing well for themselves. Oh, but I guess those ideas would make too much sense.
Fed Still Up to its Old Tricks? FBN’s David Asman sounds off on the Fed’s decision to buy $600 billion in securities:
Keynesian is an economic theory, not a nationality, lol – but that didn’t keep these liberals from getting all fired up about it! Exhibit item #101 as proof liberals know nothing about how the economy really works!
I love it when left-leaning CNN does something that is actually critical of the same (leftist, liberal, big government) policies that they support! What contradictory idiots! Anyway, this video describes how the EPA is threatening to outlaw use of coal ash, which includes the manufacture of gypsum drywall (sheet rock). I suppose the EPA would rather see this material in landfills?
The materials used, in this case doesn’t contain heavy metals or other toxins in any significant levels. Why is the federal government so stupid that people, companies, county and state governments have to spend massive amounts of money and energy to open the government’s eyes to more rational regulation? Are we on the same side or what?
I guess our federal government (and many states and local jurisdictions) just can’t destroy our economy fast enough. Are they that evil or just that stupid? The former would make for a better movie, but the latter is more realistic.
