Sunday, April 25, 2010

"Raise My Taxes!" = "Raise My IQ!"

One of the leading news stories last week was depicting thousands of public union people in Illinois screaming "Raise My Taxes!" in hopes that they would continue to receive a paycheck. In today's day of governmental redistribution and the near outlawing of capitalism at breakneck speed, I feel it necessary to point out a few flaws of the event depicted above.

1. You are asking to take some of your money, send it to a bureaucracy, and hope to get a chunk of it back. They are calling this "Security." Would you encourage your 5 year old running a lemonade stand to take their proceeds and send it to the state who has 4-5 people paid to process the money, then hope to receive a few pennies back? I think not. Bureaucracies are expensive and inefficient by definition.

2. The protesters are handing all of their personal power over to someone else. Too many people forget that until about 100 years ago, nearly everyone in the United States was an entrepreneur of some kind. If you needed more money, you found an extra job, or helped out on someone's farm. I know several teachers, firefighters, and other municipal employees who have lucrative second careers in real estate, network marketing, and other jobs to help augment their incomes. Find a hobby, a passion, or an interest, and discover how to turn that into a part time income.

3. Understand that we live in a society that (currently) allows us to freely pick our occupations. If you own a store that sells a product and 100% of your revenue comes from a certain type of client, what would happen if that client no longer had money to pay for your product? You would do something else.

When you remove flexibility from your lexicon of skills, your opportunities in life are terribly diminished.
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