The Financial Tsunami Heading Our Way
America is on the verge and it’s no joking matter. This financial tsunami just off shore has been building for decades and is about to come crashing on beaches across the country. Sadly, there really isn’t much we can do to stop it though one thing is for sure, even if we could, we’re not even close to the real solution. Until someone is willing to take a stand against the tyranny that awaits us, things are just going to decline fast…real fast.
Why so gloom and doom you ask? Well, almost everyone offering a solution is missing the real problem and in reality are just offering solutions that move the chairs around on the Titanic. The problem is the size and reach of the federal government and republicans, like the democrats just want to control it, not shrink it. Name a leader of national stature that has called for an ending to some agency or department…stop trying, you won’t be able to and this is why I’m gloom and doom.
In the end, it does us no good to debate republicans vs. democrats, there’s not a whole lot of difference; both platforms are predicated on a massive federal government and we end up just fighting over who controls the largess. For that matter, our beloved Ronald Reagan wasn’t even able to shut down the Department of Education he promised he would once he assumed office.
We’re in the grips of a tremendous frog-in-the-kettle moment and unless someone with national stature is willing to call for radical change and then be able to articulate why, we’re headed for turbulent water. Eventually, we’ll either devolve into a completely socialist state or the country will violently break apart. The current trajectory is unsustainable. Why?
- We have a current federal debt of 10+ Trillion Dollars - how’s that going to be paid?
- We have proposed federal deficits in the next couple of years adding up to another few trillion dollars - how’s that going to be paid for?
- We have Medicare and Social Security unfunded liabilities totalling potentially $54 Trillion Dollars - where’s that money gonna come from?
It’s going to be paid for by jacking the average hard-working slug on the street, that’s how. But the dirty little secret is; it won’t work. When they kill incentive for me to grow my business by taking more and more of my hard-earned money, guess what I’m going to do…slow down. Why bust my rear-end, take risks, put up with more and more regulatory burden only to have the federal government slip their fingers into my wallet and slip out a few bucks while whispering into my ear that they’re just trying to “spread the wealth around”. What arrogance.
It’s time people began to realize that the “government” is not just some innocuous entity. It only exists in its current form because it can exercise the power of law over us to take our money that we’ve worked hard for. The “government” produces nothing, has no bottom line, is accountable to no one, and contributes nothing to our GDP yet accounts for roughly 20% of the spending that occurs in our country. In the end, our federal government only takes, takes takes. Currently, it’s “taking” at a rate of $22,100 of your hard earned dollars not including state and local taxes and every other type of tax you pay. Disgustingly, it can take more any time it likes and there’s really nothing you can do about it. Feel a little helpless! Let me pile on with some other data about taxes you pay.
| Property Taxes | Alcoholic Beverages |
| General Sales and Gross Receipts Taxes | Death and Gift Taxes |
| Documentary and Stock Transfer Taxes | Corporations in General |
| Amusements | Hunting and Fishing |
| Insurance Premiums | Motor Vehicles |
| Motor Fuels | Motor Vehicle Operators |
| Pari-mutuels | Occupation and Businesses, NEC |
| Public Utilities | Other License Taxes |
| Tobacco Products | Individual Income Taxes |
| Other Selective Sales and Gross Receipts Taxes | Corporation Net Income Taxes |
| Severance Taxes | Add here! |
| Taxes, NEC |
Folks, the Founders of this great land gave us a great start and we plain ole’ messed it up, we’re all guilty. But before we can resurrect the gift of freedom, we must first take an honest inventory of how far we’ve strayed, and believe me, it’s far. And unless we’ve all become beholden to the “living Constitution” crowd, we’ve got to go back to the origins of this mess; Hoover and FDR. Hoover and bad leadership and FDR and mischievous leadership. Historians in some camps are coming around to Smoot-Hawley as the cause of the gigantic downturn in the economy; Hoover’s fault. After this downturn, the stage was set for FDR to come in with his Stalin infatuated “brain trust” and massively increase federal spending under the guise of “helping”. Would people have suffered more had the republicans in the 30’s had more courage and stopped FDR? No one will ever know. But one thing we know for sure is that since FDR’s administration, trillions of dollars of productive energy and effort have been sucked out of our country, gone forever.
So, a new compact is needed. The working men and women of this country must reassert themselves in these final hours. We must deprive the federal government of all that is needed for its survival…money. Regardless of the reason, wisdom alone should lead you to severely restrict spending. The side benefit to this is that If you do, you will deprive the state and federal government tax revenue. Drive less - you will deprive them of tax revenue. Take every single tax deduction you can to reduce the amount they can withhold. If you own a business, talk to your accountant about taking as much of your income as allowed as a dividend - depriving Social Security and Medicare of revenue. Any other legal ideas? If so, post them to comments section.
In the end, politicians know one thing…power. They only have power because the have the money to sustain power. For me personally, I’d rather deprive myself of things I’d like to purchase rather than let the, less than honorable on Capitol Hill deprive me of it by prying it out of my wallet. They may be able to, by force of law, compel me to give them money, but they can’t by force of law make me spend money or work any more than I need to. Want to really bring them to their knees, participate in a long work stoppage. These may seem like surreal ideas, but really they’re not. There was a time not too long ago when a few brave freedom loving citizens decided to protest against the heavy hand of King George…you know the rest.
These politicians on the Hill are not worthy of being called “Statesman”, they’re not. They’re power-hungry elitists who would throw you in jail in a minute if you oppose their rule. Read some of the debate during the Taxpayer Act of 1943 for a real feel of what they think of you.