Friday, February 29, 2008
Lack of Prosperity and Economic Understanding
It amazes me that so few people understand the basic rules of economic prosperity. 1) That we need to create an environment of competition, quality, and individual responsiblity. 2) Security is the bedding for properity, and secure investment can only be obtained by the removal of fear. Fear, whether it is personal or national, creates nonprofitable investment of protective measurements. The only way fear can be economically combatted, is with a strong military ready to hit hard wherever the threat comes from as long as the threat exists. 3) Entitlements have created an environment of expectation without delivery. Nobody, other than the truly handicapped or mentally retarded, are entitled to anything they didn't personally work for or create. A 40 hour work week is the seed of entitlement that is noxious and the breeding place of class envy. In contrast, class upgrade should be the goal of each individual person. 4) Taxes and levies are the damper of individual progress which smothers the spirit of capitalism.
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