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This is not to discount the fact that there will always be “income inequality” because individuals have different talents, motivation and opportunity. However, the huge disparity in income, along with the disappearance of the “middleclass”, in the U.S. is the result of the redistribution of wealth to bankers, government along with connected monied interests. America has, and is being looted by those that control the government.
Let's distill this down to basics. Income inequality is caused by government plundering. Government taxes the citizens and redistributes the loot to favored recipients like; Monsanto, defense contractors, AIG, GM, Big Health Insurance, Big Pharma, banks and the government itself.
Income inequality is also caused by the operation of the Federal Reserve System, a cartel of private banks that captured the American economy in 1913. With the creation of this “Central Bank” government spending becomes unlimited. This allows government to run deficits by borrowing money from the FED. This new debt expands the money supply which is the definition of inflation. The first recipients; the banks themselves, government, and connected crony capitalists benefit from the creation of this new currency. This debt is ultimately paid for by the citizens in the form of the secret inflation tax. This is by design.
This criminal system was established in order to allow those that control the government to plunder those that don’t. Therein lies the problem. It is the reason for economic inequality. Income inequality is the goal.
Some are so embedded or invested in the state that an economic discussion of real sustainability absent redistribution by a ruling elite is heresy.
Sustainability is often code language for more control, government regulations, more taxes and lack of free choice. Let’s hope that sustainable means economic sustainability as its first priority. Business must operate with sustainability in mind every day or they fail. The last “Green Team” proved not to be sustainable.
I do not speak for Chuck McConnell or Dave Maloney. Unlike our incumbent “representative”, both come from the private sector. They know what it takes to run a business in an environment made unfriendly by the government. Both have created jobs rather than killing jobs, as has been done by the current incumbent. Both create wealth and contribute to the private sector. The opposite is true for our incumbent representative.
The reasons cited in my earlier post for the Aug/September 2008 are a matter of economic fact, not opinion. The statement that you can’t solve a problem of too much debt by creating more debt is also an economic fact, not opinion. The brain trust in Wall Street and Washington, DC created our economic problems and only the unthinking believe the same geniuses are capable of, or motivated to fix it. The next financial collapse will make 2008 look pleasant by comparison.
We can’t fix Washington, or the bankers that control it, from Routt/Eagle Counties. What we can do locally is elect a representative that is committed to smaller constitutional government and will work to create an all-so-important business friendly environment. These qualities in our HD-26 Representative will be necessary in the difficult times coming in the not to distant future.
“There are two ways to be fooled. One is to believe what isn’t true; the other is to refuse to believe what is true.” … Soren Kierkegaard
You do have a way of distilling issues down to basics in just a sentence or two.
I also noticed a few details missing from our incumbent’s “Op-ed” including her support for the collectivist money grab called Amendment 66.
If you like statistics you may be interested in visiting John Williams’ Website: shadowstats.com
John Williams and Ben Bernanke were classmates at Princeton. Mr. Williams followed the Austrian school of economics, also known as real economics, while Mr. Bernanke embraced Keynesian economics, another term for socialism. Keynesians justify government control of the currency and monetary policy which facilitates unrestricted government spending. Mr. Williams found that the federal government had been making adjustments to the CPI, PPI, Unemployment and the money supply M3 for the past 30+ years. The changes were made to make these inflation and economic indicators come in lower than reality. This keeps the populace that the government lives off of more complacent. Mr. Williams uses the original formulas, recalculates these economic indexes and publishes them on his Website so that they become useful.
Nationally real unemployment has been running between 20% and 23% since 2009.
Real inflation has been as high as 13% in 2008 and is currently just under 10%. An inflation rate of 10% will cut the purchasing power of “money” in half in 7.2 years. Just look at the cost increase of fuel and food during the last 10 years. The Federal Reserve no longer publishes M3, they claim it is “not useful”. Mr. Williams recreates M3 and it is available on his Website.
These are national statistics but what happens nationally ultimately impacts Routt/Eagle Counties. The August/September 2008 financial collapse was the result of the world debt service exceeding the world economy’s ability to pay the debt. It was a Ponzi scheme and like all Ponzi schemes it collapsed. Only through the unlimited creation of even more debt were the bankers and political class able to salvage themselves at the direct expense of the private sector. You don’t solve a problem of too much debt by creating more debt. The 2008 collapse was just a prelude to what is coming for the ruling class has made things much worse. Both Chuck McConnell and Dave Maloney have a clear understanding of the economic disaster heading our way. The next and larger collapse is a mathematical certainty. The point is not which statistics are most correct. The point is that as we move forward into what will be extremely difficult times, an understatement, we should be looking to elect citizen legislators that know what it takes to create jobs in the private sector. Our current HD-26 Rep. clearly does not quality.
“The power to tax is the power to destroy” …” Chief Justice John Marshall
Keep raising taxes and all businesses in Routt County will be nonprofits.
"Perhaps someday, the question of whether or not to allow vacation rentals of private homes in Routt County outside of Steamboat Springs will be put to a vote of the people."
The key word is "private". Do property rights fit in anywhere here? Do mob decisions trump constitutional rights?
The fact that you do everything possible but answer my question establishes that you know the correct answer. The correct answer dismantles arguments supporting legalized theft. I offer you one more opportunity; Is it right to take from one person against their will and give these proceeds to another? Your answer, or lack of, demonstrates much about character and principle.
Last login: Friday, July 18, 2014
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