Tuesday, June 16, 2009

Stark Declines In Personal Net Worth

(Click on pic to go to link, or here.)

Want to know why your business is off twenty percent? Forty percent?

We've seen some serious impacts on wealth as a result of external causes; the creation of the Great Society, the rise of OPEC, the impact of lending to Lesser Developed Countries, and most recently, the impact of government policies forcing a housing bubble and its consequent destruction of the financial industry. Oh, and don't forget that thingy with the airplanes back in 2001.

Government policies affect your personal wealth. Most often, disastrous choices are made following the words "we need to help..."

When government shows up to help, your best choice is to run. Unfortunately, today there's no place to run. We're experiencing the biggest intrusion into the public sector by state and national legislators on a pace we've never before experienced.

We're no longer talking billions. We're into trillions, a number that has numbed the senses of you and your neighbors. What's a few million spent stupidly when we're spending trillions stupidly?

We're killing our wealth. You know, the thing that pays the bills? And we're not stopping. We're moving ahead.

Change!™

4 comments:

Uncle Walt said...

Somehow ... between the time of "The Greatest Generation" and "Generation X" ... the phrase "I'm from the government, and I'm here to help you" became less a joke and more an expectation.

I guess it's true. Repeat a lie often enough, and people will believe.

Anonymous said...

Please I don't leave anonymous letters often so listen up, but answer this. If trickle down is so good why isn't trickle down goverment hand out bad?

The money can be returned to the goverment if it is put out early in the year. (multiplier effect)

Trickle down was bassed on that. (many individuals would touch the monies befor it was all return back to the goverment through taxes)

Now don't get your duster up, but maybe the economy needs fusnds to support it and money is tight. Just let it flow.

Bush tryed it with his stimulus checks in early 08 , but could not get it into the system early enough in 08.

think of it this way,
if the goverment did not spend money and only collected it from the people that made it, wouldn't the money dry up. (well it has)

Anonymous said...

Can’t state enough how important the sacrifices that go into wealth creation are.

Curious if anyone has caught this book yet? “The Richest Man in Town” by W Randall Jones. I’ve read half of it so far and let me tell you it is well worth it. Would like to hear what everyone else thought of it?

http://www.richestmanintown.com

OregonGuy said...

Read some of the posts on the page you referred us to...and from what I can see there, I agree with the emphasis placed on work.

One of the divides bewteen the 85/15 salesman has always been rooted in one prior; make the calls.

Why do 15 percent of the salesmen get 85 percent of the business?

Call, call, call.
.