Tuesday, February 23, 2010

Decline in Social Mood?

A troubled person flew his plane into an IRS building. What did this solve? What did this person want to achieve? If you don't like to pay taxes, then work and vote for those who support a small government. This is democracy. Yet we have two parties that are pretty much the same. We need more choices to vote for. Come forward, and we can change the system through democratic means. First and foremost, current system is under the control of capitalist elite due to their power through money.

A true democratic system must allow different opinions to be heard equally, regardless of campaign contributions.

In China communist party rules, in America, the capitalists rule. Only the name and the means are different. But it can be changed by the people. It is our country. Vote in the right direction, and we can change it.

The government should get out of the economy. It is not government's job to find people jobs. It is not the government's job to rescue failing banks. Let the free markets run. It was FED intervention to interest rates for many decades that created the credit bubble. It was government intervention with low rates that created the housing bubble. The crash is the result of these bubbles.

It is not the government's job to allow mortgage interest deduction from income tax which indirectly channels tax payer money into the banks. If the government is going to tax people, it should tax them fairly.

FDIC is the reason why banks are failing. FDIC is the reason why banks took unchecked excessive risk. Had it been a free market at play, depositors would question each and every bank action because their own money would be on the line. But when the government guarantees depositors money, who is watching for tax payer??

All of these can be fixed with a small government, and a free market economy that does not have government intervention. But that is a long way. And we are actually going the opposite way now.

If the government stops messing with the economy, it will find room to shrink itself. It will not need to tax people as much. Then people will work in a free economy to earn their life through competition, innovation, invention and discovery and the sense of freedom will be greater and the rewards will be greater.

Unfortunately, this is how society evolves. According to socionomic theory, socialism will find followers as the social mood decline continues:

http://www.tradingstocks.net/html/socionomics.html

No comments:

Post a Comment