In their book the Sovereign Individual, Davidson and Lord Rees-Mogg state that America will begin to decline in the next few years simply because we have become a large welfare state, with everyone expecting the government to take care of them when the going gets tough. In writing this book, they were not referring to the poor people on welfare. They were referring to the millions and millions of people and businesses who have come to expect the government to take care of them. This group includes the millions of government employees who are now retired, people who depend upon Social Security, Medicare, and the large businesses that expect the federal government to bail them out when they get in trouble.
Soon after the World Trade Center disaster, the words of Davidson and Rees-Mogg came true again. Immediately after the disaster, all of the major airlines went begging for money from the federal government. While they blamed the tragic event, the facts are that many of these airlines were in financial trouble even before September 11th. The tragic event just gave them an excuse to ask for more federal welfare money.
This government welfare mentality is one of the reasons Davidson and Rees-Mogg predict that America will be in financial trouble. We simply have too many people with the "take care of me" mentality.
In the coming months, more and more people and companies will be coming forward asking the state and federal government for some form of welfare. This government welfare mentality is one of the reasons Davidson and Rees-Mogg predict that America will be in financial trouble. We simply have too many people with the "take care of me" mentality. In other words, according to Davidson and Ree-Mogg, what will bring our country down is not terrorists from the outside. What will bring America down is financial weakness from the inside. Simply put we have too many rich people on welfare.
Davidson and Ress-Mogg predict that the government will do two things to counter the demands of millions of people needing government welfare. One, the government will increase taxes on those that do have money and two, the government will print more money. Both actions will greatly damage the financial well-being of those that legitimately try to be financially responsible and not expect a government hand out.
robert-kiyosaki-live.com
Note the Stimulus package proposed by Bush not only repeals the corporate AMT, but rewrites history by returning past tax payments to key corporate entities such as ENE and GE. Mining and Energy companies were reported as benefiting the most.
Just another data point from this eco-religous green shaded eyeglass individual with a communist bent... <g> |
