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I Want You To Be Stinking Rich

Guest post by: Michael Hume

Article Overview: The progressives who've ended up with power in America want you poor, and dependent upon the government for your very livelihood. I don't. I want you to be stinking rich, and making the nation (and the world) a better place for all of us....

I Want You To Be Stinking Rich

Free "The Wealthy," Don't Tax Them Away It's April 15, a date all Americans have looked upon with trepidation for generations now - it's the day your tax bill's typically due. About a hundred years ago, the collectivists in America finally succeeded in implementing one of their most prized policy aims - an income tax on all U.S. workers. Well, at least back then, it was supposed to be ALL workers, and it was only supposed to be about two percent of your salary.

Times have changed.

Today, since the "progressive" income tax has progressed to wealth confiscation on a level un-dreamed-of by even the most ardent American communists of a century ago, a tiny fraction of America's workers will pay the overwhelming majority of the taxes that keep our federal government running (and spending wildly). And about half of American workers will pay no tax at all. That half - the huge and growing percentage of Americans considered too "poor" to pay taxes - will instead be on the receiving end of all that money by means of massive entitlement spending.

Two days ago, President Obama asserted on national TV that "the wealthy" still weren't paying their fair share of our national tax burden. Spending cuts alone, he argued, won't right the sinking ship... we need to soak those stinking rich people even more.

Previous presidents, particularly ones who weren't actually trying to collapse our free-market system under the weight of entitlement spending so they could usher in a new era of collective statism, understood taxation differently. Ronald Reagan, for instance, was fond of saying that whenever you tax something, you get less of it. He understood that wealth flows away from taxation and toward free-market opportunity.

In other words, you're not going to get a job from a poor person. I want you to be stinking rich, so you aren't out there competing with my kids for jobs, but are instead out there creating jobs for them.

But if our government taxes your wealth, our nation will have less of it. If they tax your income, you'll earn less of it. If they tax away the ability of the market to create jobs, there'll be fewer jobs to go around, and even more people standing in line for their government entitlements. As Margaret Thatcher famously said, the trouble with socialism is that, eventually, you do run out of other people's money.

On the other hand, if taxes were dramatically cut, revenue to the government would soar. Sure, you'd get fewer bucks from the small (and dwindling) number of super-rich folks... but you'd suddenly have a LOT more taxpayers working jobs at a LOT more businesses, and people would once again come from every other nation to invest in America, the Land of Opportunity.

Look, we need defense (the best in the world, in fact). We need infrastructure, like highways and bridges and reservoirs, and we need some regulation of the markets from the government. And we can get all that, and a lot more, with LOWER taxes. Everywhere collectivism has been tried, it has failed. The Russians learned this lesson the hard way: after the collapse of the Soviet Union, the new free-market Russia tried a steep progressive income tax, and it nearly crushed the nation again. When they went to a flat (and much lower) tax, things got a lot better, and quickly.

What can you do? Take personal responsibility to prepare. Start your own business, if you can, so you won't be reliant upon the government for a job or a handout. Get smart about what's really going on in the global economy, and make investments that grow and protect your wealth. Buy gold and silver. Grow some of your own food. Make some of your own energy, if you can.

The progressives who've ended up with power in America want you poor, and dependent upon the government for your very livelihood. I don't. I want you to be stinking rich, and making the nation (and the world) a better place for all of us.

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Article Tags: entrepreneurship, inspirational leadership, personal responsibility, wealth building



Related Forum Posts
Re: How To Be Rich - [quote="TheRainmaker":tst8wsa8]Sounds great. What exactly have you found to be eye opening??[/quote:tst8wsa8] The first eye opener was measuring wealth by your total assets 1 Million - 2 Million Pounds The Comfortable Poor 2 Million - 5 Million Pounds The Comfortably Off 5 Million - 15 Million Pounds The Comfortably wealthy 15 Million - 40 Million Pounds The Lesser Rich 40 Million - 75 Million Pounds The Comfortably Rich 75 Million - 100 Million Pounds The Rich 100 Million - 200 Million Pounds The Seriously Rich 200 Million - 400 Million Pounds The Truly Rich 400 Million - 999 Million Pounds The Filthy Rich Over 999 Million Pounds The Super Rich
Re: My 3 best business books - 1. Think and Grow Rich - Napoleon Hill 2. The 7 Habits of Highly Effective People - Stephen R. Covey 3. Permission Marketing - Seth Godin Think and Grow Rich seems more powerful each time I read it or dip into it. The 7 Habits not only offers some very effective ways to organize your life (which I have yet to master!), but also some great quotations and thought provoking statements including this by Nazi concentration camp survivor, Viktor Frankl: [i:2naxzsom]Between stimulus and response, man has the freedom to choose.[/i:2naxzsom] Seth Godin's Permission Marketing is a good read for anybody seeking to understand how to approach doing business on the Internet in the right way with regard to winning people's trust.
Anyone tried Rich Dad Coaching? - Hey I'm a newbie here. Anyone tried the Rich Dad Coaching?? I was going to join but I found this: johntreed.com/Kiyosaki.html
Small Business Books - I haven't read them but will check them out the next time I go to the store. I've heard a lot of good things about Rich Dad Poor Dad.
Re: My 3 best business books - It seems that Napoleon Hill works help a lot of business men. He had done a really good job. I bought Think and Grow Rich many times.


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