We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
I make it a point to be frugal (value for my money) without being a cheapskate. No installment payments on a 12-year-old BMW means more money for charity, tips for great service, Xmas bonuses for my household help, and thoughtful gifts to friends and relatives. It's glorious to (even a little bit) rich.
"For the rest, let us simply create obstacles to the accumulation of capital...and the reinstatement of the usury laws."
The author is correct in stating that work and thrift cause wealth; but there is little that a working man can do in a distorted economy that rewards investment; but not physical labor. China and Mexico have decimated American salaries, and the decline continues. Working doesn't pay anymore.
For example, a CPA, who only looks at papers, earns about $80,000 a year. A welder, who actually makes something, earns about 50,000 a year. This relationship is inverted. People who do difficult manual labor are supposed to be well-paid. But we live in a Bizarro world where all values are inverted.
We have millions of government employees who get huge salaries for doing nothing. And to support them, we have payroll taxes to further impoverish the working class.
If the author wants to reinstate the usury laws, I'm all for it:
From now on, no government employee may be paid more than $40,000 a year. And all government pensions are hereby cancelled.
Just watched this kid give similar advice. Only 25 but has a successful welding business. He skipped the false path to success that runs through the university fleecing machine.
Best advice, you won't be better or different it you have more income. If you fritter it away now at your low wage, you'll do the same when you are making more. Develop good saving and work habits now.
You've got these values backwards. The accountant might just push papers around, and the welder might make something; but, the accountant's efforts make possible the multiplication of the welder's productivity by supplying him with more materials than he'd have on his own; the welder apprentices for a short time period, but the accountant was probably awake and paying attention all through school.
Damn, I thought there were more than two causes of poverty.
The link won't open for me so I have no idea who David Warren is, but I presume he's never suffered from blind faith in treacherous exwives who know the system, has never has his business trashed by capricious regulations or sudden outsourcing of his services, was sufficiently insulated from the real world so as to not be affected by a Barney Franking of the national economy, and has never suffered an unforeseen catastrophe.
In other words, he sounds like the perfect fourth-generation Yankee beneficiary who has never had dirt under his fingernails, and looks down his nose at anyone who doesn't share his comfortable Puritanical lifestyle of living off what Grandpa accumulated.