My uncle is dearly loved by a lot of people. He's generous, outgoing, friendly and at times a real pain. What he actually does for his money depends on who you ask.
I know his income is somewhere around $5,000 per week. He spends about $10,000 per week.
He and I got together recently for a couple of beers and talked about finances. He said he makes good money but he's always squeezed. I asked him, other than his actual living expenses and job responsibilities, what he does with his money. He said he likes to "invest" in others. He pays for a neighbor's PG&E, buys food for others, gives some to a family with kids in college, and helps an undocumented nanny working for some friends. He's helping another neighbor with health issues. I asked how badly they all were in need.
"Oh, it's nothing most of them couldn't do for themselves, it's just that they asked and I want to be liked," he said.
I reminded him that American citizens have the freedom to earn individual independence but no, he said he'd rather do this for them and just let them do their own thing. Besides, they're his friends. I tried to point out that he's in major debt and he'd better cut back on his generosity or he'd be bankrupt. He told me that sociocratic 'intelligence' discovered that spending wasn't the problem, the cost of goods and services is the threat.
Besides, he said he knows the boys down at the bank and anytime he needs more credit he just tells them to increase his credit limit.
Armed with this new 'intelligence' my uncle told the local grocer to lower prices or else. He told the local gas station and PG&E the same and arranged for millions of dollars worth of equipment to soak up sunshine and use fresh air, because that's the future of energy. He couldn't understand why costs continue to rise. He's an educated, knowledgeable and forward thinking guy. He's looking into new ways to produce goods more cheaply.
The problem is that his 'knowledge' was acquired from a very misleading and corrupt education system so his 'forward' thinking results in totally incorrect and backwards results.
But we do love this big hearted, glad-handing, glib tongued, generous and friendly old guy. He believes things are better when he spreads his 'knowledgeable' generosity. I'm embarrassed to say, he's my good ol' Uncle Sam.
There are those who contend that government economics are not the same as yours and mine. That is true and false. True, because if you or I conducted our economic lives the way the government does, we would lose the farm and be out on the street. It's false because no economy survives for long when it consistently borrows and spends more that it receives.
I know American economics is headed in the wrong direction because any income strangled by massive debt has been corrected only by decreasing the debt and applying strong income management. There is no other way. One good example is how our federal government spent $338.3 billion in 2011, specifically for foreigners living here illegally. As far back as 2006, these same illegal 'immigrants' transferred $45 billion 'back home.'
Society cannot legislate the poor into prosperity by legislating the wealth out of prosperity. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. Unless the (highly) educated idiots in Washington and Sacramento understand this, we will most certainly fail. Government intelligence is equal to a box of rocks.
So, let's take our 'fair share' from the rich. Hollywood rakes in more than $100 million every weekend. Take a 'fair share' of 50% and we could reduce the debt by $2.6 billion in one year.
Hollywood should be most agreeable, they love the campaigner-in-chief. Aw, you already figured it out. You know that will also double the price of a movie ticket.
President genius has raised enough from the 'fair share' tax increases on 'the rich' to pay the government's bills for eight days. Figure the cost. Where is the intelligence?
"Suppose you were an idiot. And suppose you were a member of Congress. But I repeat myself." -- Mark Twain.