America is losing wealth far faster than any other nation on earth is. In fact, since the mid-1970s there has been a transfer of wealth of almost 8 trillion dollars from the United States to the rest of the world. Sadly, most Americans have no idea what is happening. Most of them are completely unaware that America is being transformed from a wealthy nation into a poor nation at breathtaking speed. Most Americans just assume that America will always have the largest economy on earth and will always be the wealthiest nation on the globe. Unfortunately, just because something was true in the past does not mean that it will be true in the future. Right now, the United States is bleeding wealth at a pace that is almost unimaginable. Every single month, tens of billions of dollars of wealth is permanently transferred from the American people to the rest of the world. That means that the overall economic pie is shrinking. While the rich and the poor are busy fighting over the distribution of wealth in this country, the size of the pie that they are dividing up is continually getting smaller. America is poorer than it was last month, and next month it will be even poorer. If this continues, it will result in a complete and total economic nightmare. (Read More...)
Economic Pie
Tax The Rich? 14 Facts You May Want To Consider
Class warfare in the United States is heating up again. As the overall economic pie shrinks, the poor are being taught to go after the rich and the rich are being taught that the poor are a threat. Lately, the calls to “tax the rich” have grown louder than ever. As thousands more American families fall into poverty every single day, and as U.S. government debt continues to soar, many are touting higher taxes on the wealthy as the solution to all of our problems. But is that what we really want to do? Will it actually solve our economic and financial problems as a nation? If you don’t have much money, it can sound very appealing when politicians say that they want to “tax the rich”. But unfortunately, things are just not that simple. (Read More...)
Divide And Conquer: The Union Protests In Wisconsin And Ohio Are Increasing The Hate Between The Left And The Right
What is the perfect way to get the eyes of the American people off of the real economic problems that this country is facing? Get them fighting with each other of course. And what is one issue that is sure to get the left and the right screaming at each other like cats and dogs? Unions. The battle over collective bargaining rights in Wisconsin has been making headlines around the world for weeks and there are no signs that it is going to end any time soon. In fact, Mordecai Lee, a political scientist at the University of Wisconsin-Milwaukee, says that it is “a battle to the death“. The Democrats that have gone AWOL appear to be absolutely determined to stay away. The protesters seem equally determined to keep on fighting. Wisconsin Governor Scott Walker does not look like he plans to back down either. Meanwhile, both sides are calling each other the most horrible names. “Hitler”, “Stalin”, “Nazi” and “fascist” are just a few of the terms that are being thrown around by both sides. What has been going on in Wisconsin has captured the imagination of the entire nation and it is creating even more hate between the left and the right in this country. Unfortunately, as the economic pie in this nation continues to shrink, economic battles such as the one in Wisconsin are going to become quite common. (Read More...)