We ALL WORK FOR Government In The Digital Age
Remember....money is freedom....freedom is power.....and credit is money....and right now it is the government and Wall Street with the credit and NOT mainstreet.....so government and Wall Street have the power.
Let's see what just a million dollars of government borrowing can do......
It can provide 50 families of four an income of $40K per year.
A Billion dollars of borrowing can provide 50,000 families of four a $40K income and generate around $400 million in taxes and generate OVER a billion of GDP through the multiplier effect.
A trillion dollars of government borrowing can provide 50,000,000 families of four, or 200,000,000 people an income of $40,000 per year and generate over $400 Billion of tax receipts...about 40% of current income tax recepits.
Right now there are over 50,000,000 Americans on Social Security and Medicare/aid.....about 50 million people on Food Stamps and other food programs, and a OVER 50 million people who work for government, or receive unemployment PLUS all the dependents.
IN OTHER WORDS, IF YOU INCLUDE HEALTH CARE, OVER 2/3 OF THE AMERICAN POPULATION WORKS FOR A GOVERNMENT THAT MUST SIMPLY PRINT MONEY TO PAY THEM.....AND THE OTHER 1/3 DEPENDS ON THAT 2/3 SPENDING FOR THEIR WEALTH.
The real question is what do you owe a government that you owe your income and net worth to....after all, it is the one with credit that has the power and right now government has the credit and we are all dependent on that government credit to survive?
Before 2008, it was the private economy that had the credit and government and Wall Street survived because of the private economy.....NOW IT IS THE OTHER WAY AROUND.
No Big Deal, it is just the way it is.....that is why Buffett is no longer Buffett....he is only rich because government is giving his companies much bigger handouts than the rest of the population is getting. Why do you think you no longer hear Buffett talking about excessive Wall Street compensation or too much debt anymore?
If somebody loaned Alstry a billion dollars, he could hire 50,000 workers, pay them a good salary, generate hundreds of millions in taxes for federal, city, county and state economies and pay himself $10 million dollars a year in salary and bonus for his generosity. Not only that, he would build a bunch of happy things like parks, schools and community centers for his workers to go.
Life is fun when you are the recipient of credit, or the money of those getting credit.....just look how much Buffett, Wall Street executives, and Politicans smile all the time.....AS THE PRIVATE SECTOR CONTINUES TO GET CUT OFF OF CREDIT and much of America shuts down.
It will be interesting to see how this resolves.....he who has the credit has the power.....and right now government and Wall Street have most of credit.......and absolute credit gives you absolute power.
It is not the end of the world...simply the end of a world as we know it....and now our world is depending on government and Wall Street to borrow money and hand it out as it wishes.