About

Earl Aagaard’s opinions about everything that interests him. Og also enjoys gardening, travel, reading, woodbutchery, and lots of other stuff.

Monthly Archives

Join Og's Mailing List

OgBlog.net

THERE REALLY IS A PRICE TO BE PAID FOR “EXPERIMENTING” WITH ALTERNATIVES TO THE FREE-MARKET ECONOMY

One is inclined to murmur something about “karma” when contemplating those who seem highly committed to the most recent enthusiasm for “soak the rich”. That would, of course, be wrong. Christianity forbids schadenfreude, for one thing….and then one does have to think about the grandchildren.
.
It does seem odd that people don’t want to admit that there actually are economic laws, but that doesn’t change the facts of the matter—and like natural selection, these laws operate without our permission, and despite our disapproval.

The economic tides will not stand still while Washington experiments with European-type social democracy, even though the dollar’s role as the global reserve currency will buy some time. Our trademark competitive advantage will be lost, and once lost, it will be hard to regain. There are too many emerging economies focused on prosperity and not redistribution for the U.S. to easily recapture its role of global economic leader.

Tomorrow’s children may come to question why their parents sold their birthright for a mess of “fairness”—whatever that will signify when jobs are scarce and American opportunity is no longer the envy of the world.

.
The author is talking about the “tax tipping point” when there are more people getting money from the government than there are people paying it in….suddenly, there is a majority constituency for higher taxes! Veeeeery interesting…...
.
READ THE WHOLE THING

Posted by .(JavaScript must be enabled to view this email address) on 10/23 at 06:50 PM

Comments and reactions