Skip to comments.Ayn Rand Was Right: Wealthy Are on Strike Against Obama
Posted on 06/22/2011 10:18:02 PM PDT by Tolerance Sucks Rocks
The U.S. economy is crumbling. Businesses are collapsing in record numbers. Jobs have disappeared. Tax revenues are down dramatically. Coincidence?
Everything happening today under Obama resembles the storyline of Ayn Rands famous book, Atlas Shrugged, one of the most popular books of all time, selling over 7 million copies. Now, under President Obama, Atlas Shrugged has come to life. Rand prophesized a country dominated by socialists, Marxists and statists, where looters, free loaders and poverty promoters live off the productive class. To rationalize the fleecing of innovative business owners and job creators, the looter class demonized the wealthy, just as Obama and his socialist cabal are doing in real life today.
The central plot of Atlas Shrugged is that in response to being demonized, over-taxed, over-regulated, and punished for success, Americas business owners were disappearing dropping off the grid, and refusing to work 16-hour days to support those unwilling to put in the same blood, sweat and tears. They were going on strike. Because of that the original proposed title of Atlas Shrugged was The Strike.
They were going on strike to teach that civilization cannot survive when people are slaves to government. That without a productive class of innovative business owners willing to risk their own money and work 16-hour days, weekends and holidays, there are no jobs and no taxes to pay for government. If you punish the wealthy, the risk-takers, the innovators, you kill the goose that lays the golden eggs. In Obamas America, fiction is becoming fact.
The lesson of Atlas Shrugged is that without the $100,000+ earners paying into Social Security, there are no pensions for the poor and lower middle class. Without the wealthy owners of million-dollar mansions paying $25,000 and $50,000 annual property tax bills, there is no funding for public schools. Without the wealthy paying into Medicare, there is no free healthcare for the elderly. Without capitalists motivated by profit, there are no discoveries to eradicate polio or create miraculous cancer and AIDS drugs. Without capitalists motivated by profit, there are no jobs, period! That is what happens when the producers of society go on strike to protect themselves from the looters.
Ayn Rand was warning the looters that there are consequences to their overzealous actions. She was warning that if the productive classes felt used, demonized, ripped off, and taken for granted, they would go on strike stop working, retire early, go underground, or move to places where achievement is celebrated and they feel appreciated.
The latest U.S. Census proves Ayn Rand right. Under Obama the wealthy are striking, voting with their feet. They are moving to low-tax red states in droves, escaping from high-tax blue states where they are being demonized and punished by the millions.
The Census proves that Obamas tax and spend philosophy is a dismal failure, an economic disaster killing jobs. It is no coincidence that 1.9 million FEWER Americans are working than before Obamas stimulus. It is no coincidence that jobs are not returning to the private sector. It is no coincidence that tax revenues have dropped dramatically and cannot support Obamas bloated Big Brother government. The innovators, risk-takers, and wealthy he demonized and punished are on strike.
The high tech revolution has killed the progressive-liberal tax-and-spend dream. Because of the Internet, email, Facebook, Twitter, Skype, Satellite TV, I-phones, I-pads, and cell phones, business owners are no longer prisoners of Big Brother. Take a look at states where the latest Census shows Americans moved during the past decade: Nevada, Texas, Arizona, Florida, Utah, Idaho, Wyoming, Colorado, North Carolina, South Carolina, Georgia, Alaska, Virginia all low- or no-tax red states, states that lead the USA in economic freedom.
Now look at states they escaped from: New York, New Jersey, California, Massachusetts, Rhode Island, Connecticut, Illinois, Michigan. Taxpayers, business owners, jobs creators, retirees with assets are fleeing the high tax, big spending, Big Brother states the states being run like Obama is running the nation.
Progressives be afraid, be very afraid. If Obama is re-elected, these valuable producers will pick up and leave America altogether. There is a big world out there begging them to come. Places like Hong Kong, Singapore, Australia, New Zealand, Monte Carlo, Belize, Costa Rica, Panama, Bahamas, and Cayman Islands are low-tax havens that appreciate business owners and their sacrifices. They welcome wealthy ex-patriots. They celebrate individual achievement. They reward instead of punish business owners and financial risk-takers. They are wonderful places to live and are aggressively pursuing Americans.
I am just one small businessman, a third-party Libertarian political leader. Yet I personally have heard from thousands of fans, friends and supporters who have left America, are thinking of leaving America, are visiting other countries right now to decide where to go, or making preparations to leave in case Obama is re-elected. Just as Ayn Rand predicted, business owners are going on strike. Permanently.
The high tech revolution has freed them to run their businesses from anywhere in the world. The same high tech tools and toys that toppled a powerful and invincible 30-year dictator in Egypt and now threaten to topple powerful leaders throughout the Arab world, also offer mobility and freedom to U.S. taxpayers. Obama better learn the lesson of Mubarek before millions more business people decide they do not need to put up with looters, free loaders, and politicians who despise them.
Atlas is shrugging. Ayn Rand is saying I told you so.
Glad to see you've found a hang out here, FRiend.
You gentlemen might enjoy this thread.
This is a good one.
It has to be remembered that Atlas Shrugged was a work of fiction containing a very skeletal and simplistic economic model that held a number of compromises with the real world in order to move the narrative along. One could not possibly compress the events in the book into the time slot necessary for them to come about as described. Two major premises were that the economic surplus built up as a result of economic activity would (1) run out very quickly, and (2) as a result of the opting-out of a very small number of people. Neither of these appears to be the case in the real world, nor should one expect it.
1. The economic surplus built up over decades of successful capitalism is unimaginably enormous, so much so that socialist economic plans may subsist for a great deal of time looting it. All redistributive economies depend on this. One does eventually run out of other people's money but it takes a very long time, as the still-running automobiles of Detroit's great years attest in Cuba. And poor people who can no longer steal from the rich still can steal from one another. But eventually the noose tightens, and it tightens hard.
2. Supermen are few and far between and the productive class consists in the huge majority of us lesser beings who contribute a little and end up (often through no fault of our own but by law) looting a little as well. That's a much more difficult model to break; far more people will need to opt out, hence the level of oppression necessary must be proportionately greater. A government can certainly do it, though, as the history of the Cold War has shown us. Slaves can keep the economic engine running for a time, but they can't grow it and they can't rebuild it once broken.
But I don't believe it will take such a systemic strike in the United States. Where Rand was right, however, is that change must be systemic; that is, a change in the Presidency will not suffice even if the choice is other than Tweedledum and Tweedledee. A change in Congress is a little closer but still entirely insufficient. What is necessary is a change in government such that the centralization of control no longer offers a means for a small ruling class to enrich itself, for those who direct no longer to be able to be separate from those who produce - that is the foundation of Rand's utopia. No one has ever quite managed it, but the Founders came as close as anyone ever has. A desire to return to their principles is not merely a flight of nostalgia beloved of conservatives, but a recognition that it was a far more effective model for releasing human creativity and productivity than the stifling regulatory state that gradually displaced it. That is, after all, what "Liberty" really means.
The U.S. economy is crumbling. Businesses are collapsing in record numbers. Jobs have disappeared. Tax revenues are down dramatically. Coincidence?
Everything happening today under 0bama resembles the storyline of Ayn Rands famous book, Atlas Shrugged, one of the most popular books of all time, selling over 7 million copies.
Now, under _resident 0bama, Atlas Shrugged has come to life. Rand prophesized a country dominated by socialists, Marxists and statists, where looters, free loaders and poverty promoters live off the productive class. To rationalize the fleecing of innovative business owners and job creators, the looter class demonized the wealthy, just as 0bama and his socialist cabal are doing in real life today.
The central plot of Atlas Shrugged is that in response to being demonized, over-taxed, over-regulated, and punished for success, Americas business owners were disappearing dropping off the grid, and refusing to work 16-hour days to support those unwilling to put in the same blood, sweat and tears...."
They were going on strike to teach that civilization cannot survive when people are slaves to government. That without a productive class of innovative business owners willing to risk their own money and work 16-hour days, weekends and holidays, there are no jobs and no taxes to pay for government. - If you punish the wealthy, the risk-takers, the innovators, you kill the goose that lays the golden eggs. In 0bamas America, fiction is becoming fact.
Amazing story. I know many doctors who did the same and more since Obamacare. Such a shame everyone has to 'wait it out' until 2013. We have to take charge so America can become great again. Sarah are you reading this? Run Sarah Run!
-——change must be systemic——
My view is that we have experienced a systemic change already but not the one of going Galt. Rather than drop out and leave, a choice not available to public corporations, they have ceased the incessant market driven requirement to grow.
The present corporate strategy is static and profitable rather than dynamic and risky. Cash is for keeping rather then investing in hoped for growth.
This has been going on for quite some time but the pace is now accelerating greatly.
We took the entire family off of the Family Business payroll. No more contributions to Social InSecurity and Mediscam and Workman's Aggravation.
No hiring of employees, all are now independent contractors. (and by the rules too)
We do alot of bartering and are big into coupons and other alternate forms of payment methods for goods and services we cannot provide for ourselves.
>> The present corporate strategy is static and profitable rather than dynamic and risky. Cash is for keeping rather then investing in hoped for growth....<<
You are correct, it is a “going Galt” hybrid plan but it’s being done for the same reasons. This is why so much “cash is on the sidelines” and why Bernanke remains clueless as to why. He, like all academic theoreticians, does not understand the motivations and preservation instincts of companies, public or private. Flooding the system with money has not dulled those instincts like he thought it would.
I am one of them. I refuse to be half ( or more) of a slave to the government!
We won’t solve this by replacing a socialist with a pseudo-socialist. We need to evolve the model right back to one that favors the individual over the collective. In other words, to the model the Founders envisioned ... and rightfully thought they’d ensured.
My wife the other day in her infinite wisdom said, "What Palin wants is a new government." I think all of us are sensing that is what's really needed if America is going to survive - back to what The Founders envisioned. May God guide Sarah and help us all. . . tough times ahead. Pray and persevere.
——Bernanke remains clueless -—
There are a host of players including Republicans.
I wonder if Bernake is merely acting out his part and is not really being truthful. He is doing his part to promote controlled inflation/devaluation
>> I wonder if Bernake is merely acting out his part and is not really being truthful. He is doing his part to promote controlled inflation/devaluation >>
I rather think he’s a clueless academic theoretician who does not understand how human nature and natural motivations / disincentives dictate how people will act far more than a money supply equation.
But there is a real world comparison to be made between today's economic picture and the 1930s Depression era under the regime of Franklin D. Roosevelt. Roosevelt, like Obama, entered office in hard economic times (although March 1933 was much worse than Jan. 2009 by any economic measurement). Roosevelt's early ears in office featured increased personal income tax rates (top rate raised to 79%), a new non-distributed corporate profits tax, a new Social Security tax, and hefty increases in federal excise taxes that already existed plus entirely new ones. Some of Roosevelt's make work New Deal projects resembled Obama's stimulus projects. The value of the dollar under Roosevelt was deliberately decreased, although by a different means than today. The "wealthy" were constantly lambasted by Roosevelt, just as they are by Obama and his henchmen. And just like today, the net result was little or no overall improvement over a prolonged period.
Roosevelt did one thing smart, though. Even while he was spending like a drunken sailor, he was putting the dollar on a strong footing, backed by gold, which was no longer traded and speculated. That way, though the dollar was seriously devalued, it had a mechanism to bring it back. Obama, however, is not interested in doing the same. So the dollar is no longer the world currency it once was.
They each have a tattoo on their back below the left shoulder.
I AM JOHN GALT
Do you understand that there are more people that are in the wagon than there people pulling the wagon?
There is an estimated 13 to 15 trillion dollars in offshore banks consisting of corporate profits that would be taxed twice if brought back and invested in the USA. Taxed once in the original country earned and if brought back to the US, they would be taxed again by the US. There are hardly any other countries that do this.
We have the highest corporate tax of all of our major trading partners. We are an inhospitable country to do business in. We are paying the price.
Imagine that the legal hurdles/harassment, union thugs, high corporate taxes and double taxation were removed in America. We would see a renaissance of new investment in America with companies and wealthy beating down our doors to invest in our economy. Enact a flat consumption tax instead of income and corporate taxes and stand back.
What is sad is that it is likely other countries that will enact low flat taxes for individuals and corporations and that is where the producers and productive will migrate. We are just too damned stupid and elect politicians that are too damned stupid to change course.
Didn’t make it through the web page you linked. He needs a cliff’s note version.
This caught my eye
“In 1981, the Reagan administration rolled back some of the success-punitive, anti-privacy laws and tax rates that were contributing to this exodus and indications are that it did have a significant effect. In fact, officially, not a single US citizen renounced his US citizenship the next year.
That statement deserves repeating.
Not a single US citizen renounced his US citizenship the next year - not one.
And wealth-builders perforce include many members of the middle class and UMC who would like to leave something to their children, if not become more comfortable than they are.
All the while the left is shouting from the rooftops “tax the rich, make them pay their fair share!”
Not at all. It was a simple observation that, for business to prosper, there must be money in circulation, i.e. being passed around among more than just a few people.
Example: Let's say M3 is a sum of money X. In one economy, people are buying and selling, and nobody owns more than, say, 0.4% of M3, and the vast majority, a tiny fraction of that.
In the other economy, M3 is the same, but it's all held in one account. One guy owns all the money in the world. That's a dead economy, full of dead people, and the sole owner of all that money is fishing for his own dinner, since there's nobody left for him to work with or sell to. Capiche? It's not an unreasonable observation. Everyone is better off in a growing, busy economy and society, not a wealth-storage economy in which Mr. Big holds all the value and dispenses it with tweezers, never lending or investing and never buying more than enough to meet his own needs.
FReeper Book Club: Introduction to Atlas Shrugged
Part I, Chapter I: The Theme
Part I, Chapter II: The Chain
Part I, Chapter III: The Top and the Bottom
Part I, Chapter IV: The Immovable Movers
Part I, Chapter V: The Climax of the dAnconias
Part I, Chapter VI: The Non-Commercial
Part I, Chapter VII: The Exploiters and the Exploited
Part I, Chapter VIII: The John Galt Line
Part I, Chapter IX: The Sacred and the Profane
Part I, Chapter X: Wyatts Torch
Part II, Chapter I: The Man Who Belonged on Earth
Part II, Chapter II: The Aristocracy of Pull
Part II, Chapter III: White Blackmail
Part II, Chapter IV: The Sanction of the Victim
Part II, Chapter V: Account Overdrawn
Part II, Chapter VI: Miracle Metal
Part II, Chapter VII: The Moratorium on Brains
Part II, Chapter VIII: By Our Love
Part II, Chapter IX: The Face Without Pain or Fear or Guilt
Part II, Chapter X: The Sign of the Dollar
Part III, Chapter I: Atlantis
Part III, Chapter II: The Utopia of Greed
Part III, Chapter III: Anti-Greed
Part III, Chapter IV: Anti-Life
Part III, Chapter V: Their Brothers Keepers
Part III, Chapter VI: The Concerto of Deliverance
Part III, Chapter VII: This is John Galt Speaking
Part III, Chapter VIII: The Egoist
Part III, Chapter IX: The Generator
Part III, Chapter X: In the Name of the Best Within Us
Coda: Ten Years After
Afterword and Suggested Reading
That doesn’t resemble the content of his post at all.
Expect a hostile audit. If you come to the attention of Obama's political droolers, they will send the flying monkeys.
The wife and I have discussed moving to the Cayman Islands many times.
The reality is this has been happening for decades...
instead of Galt’s Gulch...you have China, India, and cheaper places for labor and business...
Business has been going Galt for a long time. Slowly, piecemeal in most cases, but finally it is time for the owners of private enterprise to choose.
We’ve had decades to stop this, but have chosen not too.
We are all like the passengers headed into the the Winston Tunnel. It will take 7 generations to fix this mess, do we even have the heart to give to 7 generations....
Where did you come up with that?
When these folks leave the country, they expect the rest of us suckers to keep defending them too. Little do they know what the rest of the world will be like without a viable American military. These people have far more to destroy America than any thousand couch potatoes on food stamps.
The technical term for his policy is "repression" q.v. -- identical to the policy followed in the 1970's by FedHead Arthur Burns at the behest of Jimmuh Carter, who conceived of a moral imperative to "save" the economies of the Third World by throwing America's savings into the maw of inflation. Interest rates paid the public were held down by regulation ("Regulation Q"), while the currency was inflated 50% in just a few years. It was a massive theft of private savings for Mr. Carter's altruistic purposes.
Mind you, Carter's administration was full of the same sort of beady-eyed little McGovernite Progressive/neo-Stalinist c**********s that infested Clinton's and are now running wild under Obama. Funny that we should get similar results.
The present corporate strategy is static and profitable rather than dynamic and risky because the feds have taken all the reward out of the risk/reward equation. It’s all risk and punishment. So why participate?
I don't disparage the rich but sometimes it seems that followers of Ayn Rand do disparage the rest of us who don't happen fit the ideal of an Atlas. There have to be Indians to follow the chiefs, and a healthy economy requires broad based prosperity.
excellent - bttt.
my version of “going Galt” is changing my spending habits.
I also let charitable organizations know exactly why we don’t give as much money as we used to.
Thanks. You explained it much better than I could.
“Without working class and middle class people to buy their products there is no way for heroic capitalists to make money.”
Hate to tell you but the hardest working class of people is the wealthy. To suggest they are not the “working class” is nothing but ignorant Marxism and an underhanded attempt to label them as not being workers.
Where do the middle class get their money? From the wealthy that pays their salaries.
Where do the wealthy get their money? From being middle class people that have the entrepreneurial spirit and formed their own companies and made money. 95% of all people that are wealthy did not start that way, and 9% of people that start as young adults with money lose it quickly.
There is no thing such as a “middle class” as to suggest they are stuck in the middle. To label people as such is ignorant of the fact that people make and lose fortunes throughout their life.
“and 9% of people that start as young adults with money lose it quickly.
Meant to say...and 95% of people that start as young adults with money lose it quickly.
No, the dollar was no longer backed by gold after Roosevelt was through with it. Previously, Americans who had paper currency, called "Gold Notes" could trade in the currency for a fixed amount of gold. Roosevelt, by legislation, forbade Americans from owning gold at all.
He wanted the value of the dollar to decrease, to help debtors - especially farmers - and hurt creditors. But there wasn't much inflation in the general economy because it was very soft.
I disagree, Bill. There just isn’t that much excess inventory or capacity to keep things going for any length of time if things fall apart.
I think the barbarians would appear at the gate a lot sooner than anyone cares to imagine.
However, I much prefer barbarians at the gate over serfdom imposed by government trying to stave off the inevitable.
I wasn’t talking so much about building personal wealth (though that’s the motivation in most cases, of course) but about creation, innovation, economic growth and making new opportunities for themselves and others — the wealth of nations, so to speak.
I wish one of these countries ran a zero tax/zero house percentage lotto, where anyone in the world could buy a $1 lotto ticket every week, via internet cryto-currency if necessary. If someone won they'd get the equivalent of $40 million, an airline ticket there, and a promise not to extradite. This would give people suffering under socialism a lot of real hope. And it would give the host country free advertising for tourists and business and a weekly influx of rich citizens moving in.
I don't see what point you are making. Hunton Peck essentially made the same distinction. Wealth builders aren't defined by how much their total assets are but by what they do with their assets. He may not have spelled it out but it was clear enough in context.
Most of the time, they are at the warehouse before any of the workers.
Most of the time they are there after any of the workers.
Almost always, after they leave the warehouse, there is still talk about work, and planning for the next day, and scheduling and phone calls.
Along with all this work they do above and beyond their employees, they have the pleasure of paying 7.45% FICA taxes for all the employees.
They also get to pay unemployment insurance.
They also get to pay workmans comp insurance.
They also have to carry bonding, so that if their employees damage anything (accidentally or on purpose) it will be covered.
They also get to repair all the equipment that gets broke. How do heater and AC knobs and buttons get broke? Or radio knobs, buttons or face plates? In virtually all the trucks.
I'm just a lowly construction worker, but I realize that if my employer didn't put HIS ass on the line for HIS business, I WOULDN'T have a job. If his business goes under, he can lose millions. Me, I just find a new job, I have nothing invested, so I have nothing to lose. When I leave the job site, I general don't think about the job until I'm parking my car in the lot the next day.
The left lies. The top income earners are taxed at a higher rate already and account for the lion's share of total revenues. But I preach to the choir. We all know this and aren't putting our heads in the sand about it.