Do Americans Have An Entitlement To A Constantly Increasing Standard Of Living Beyond The Rest Of The World?
Americans appear to have some unfortunate belief that by simply being Americans, they have an entitlement to a high and increasing standard of living. False. That may have appeared to be the situation for some decades, but they will be in for a really unpleasant surprise. An ever more global economy is a reality, and while the topic is somewhat overworked, it's true that Americans can not expect to be paid handsomely for similar work that Asians are willing to do at a cheaper wage. Neither can companies in India, China, etc., hope to have the ability to continue to pay those low wages forever. There probably will be some sort of a "meeting in the middle" over the coming years with Asian incomes rising and American wages falling. That's great news for Asians, but not so great for many Americans.
To a large degree, Americans are living off the heritage of our former small-government, free-market, capitalist economy which was the engine that supplied the growing standard of living Americans used to experience and modern day Americans appear to expect. I say former, because we have anything but that any longer. The central government attempts to regulate wealth creation even though producing no wealth whatsoever. Its major products are rules, failed programs, and aggressive foreign wars. None of these has a constructive impact on the wealth of this nation, and I believe the "military-industrial complex" that President Eisenhower warned us about may be the most detrimental factor of all. In any case, given his military experience he sure must have known all about it. War is horribly expensive, and as we have seen, once we start one the mindset becomes one of "we must have victory thus we have to spend whatsoever is necessary to achieve it." Seems like a route to national bankruptcy. Imagine what could have been accomplished with the money we've spent on these wars. And that does not even include the social costs to individuals and families.
The point is, downsizing on a family level is going to be the new thing to do, whether we like it or not. A continuously increasing standard of living comes from private savings and investment, productive labor, and a political environment established by a government that doesn't act like business growth will proceed regardless of what the government might choose to do to obstruct it. To the degree those things are missing, so also will increasing personal wealth be outside our grasp.
One does not have to like the laws of economics, and one can employ the services of individuals with flawed views to obtain the answers one would like, but the facts remain the same.
Hints For Family Budgeting Which Will Still Enable You To Lead A Real Life
Sometimes budgeting seems like just an exercise in cutting out all the things you really want to do. But done right it doesn't have to be that way.
The Reasons You Have To Get A Web Based Checking Account Immediately
The internet has grown far beyond many of our expectations. Although it offers many good things there are other areas which seem to have got quite confusing. The internet checking account is a good example of something we should be using but most of us don't understand why.
Basic Steps Families Can Take To Preserve More Of Your Income
It's always a great idea to do what you can to make your money go further, and in tough economic times, it is essential. Here are some tips families can use to keep more of their money.
Three Motives Why You Should Open A Bank Account Online Straight Away
Personal banking is changing, it is important to stay on top of these changes or you may find that you are paying unnecessary charges or that you are not getting all the benefits available. So if you have not already gone online, go open a bank account online today.
Three Main Reasons Why Consumers Need To Have An Online Bank Account Immediately
The online bank account has progressed along way. There was a time when the interfaces were cumbersome and the benefits were minimal; fortunately this has all changed. The interface for online banking is about as user friendly as anyone could expect or want.
A Nation Gone Bankrupt - Just What Will Be Its Future And How Must That Affect You?
If you're planning your retirement based on the supposition that you will receive the same government benefits that your parents did, you are in for a horrible disappointment. For you, as well as millions just like you, retirement is going to be repealed.
Understanding Pensions Advice And The Various Kinds Of Pensions Available
To put it in the simplest of terms, to have a pension means to have a type of financial security upon retirement or when you reach a point when you are no longer working for money.
Instantaneous Loans Till Your Pay Day
Payday loans: Instant loans until your payday; how you can get them, and ease the stress of being strapped for cash
Ideas To Budget Your Finances For Getting Financial Independence
No one likes to be in debt so you need to budget your money to become financial free. A good budget requires good planning, so with the help of this article you should be able to get started on a family budget that works.
To a large degree, Americans are living off the heritage of our former small-government, free-market, capitalist economy which was the engine that supplied the growing standard of living Americans used to experience and modern day Americans appear to expect. I say former, because we have anything but that any longer. The central government attempts to regulate wealth creation even though producing no wealth whatsoever. Its major products are rules, failed programs, and aggressive foreign wars. None of these has a constructive impact on the wealth of this nation, and I believe the "military-industrial complex" that President Eisenhower warned us about may be the most detrimental factor of all. In any case, given his military experience he sure must have known all about it. War is horribly expensive, and as we have seen, once we start one the mindset becomes one of "we must have victory thus we have to spend whatsoever is necessary to achieve it." Seems like a route to national bankruptcy. Imagine what could have been accomplished with the money we've spent on these wars. And that does not even include the social costs to individuals and families.
The point is, downsizing on a family level is going to be the new thing to do, whether we like it or not. A continuously increasing standard of living comes from private savings and investment, productive labor, and a political environment established by a government that doesn't act like business growth will proceed regardless of what the government might choose to do to obstruct it. To the degree those things are missing, so also will increasing personal wealth be outside our grasp.
One does not have to like the laws of economics, and one can employ the services of individuals with flawed views to obtain the answers one would like, but the facts remain the same.
Hints For Family Budgeting Which Will Still Enable You To Lead A Real Life
Sometimes budgeting seems like just an exercise in cutting out all the things you really want to do. But done right it doesn't have to be that way.
The Reasons You Have To Get A Web Based Checking Account Immediately
The internet has grown far beyond many of our expectations. Although it offers many good things there are other areas which seem to have got quite confusing. The internet checking account is a good example of something we should be using but most of us don't understand why.
Basic Steps Families Can Take To Preserve More Of Your Income
It's always a great idea to do what you can to make your money go further, and in tough economic times, it is essential. Here are some tips families can use to keep more of their money.
Three Motives Why You Should Open A Bank Account Online Straight Away
Personal banking is changing, it is important to stay on top of these changes or you may find that you are paying unnecessary charges or that you are not getting all the benefits available. So if you have not already gone online, go open a bank account online today.
Three Main Reasons Why Consumers Need To Have An Online Bank Account Immediately
The online bank account has progressed along way. There was a time when the interfaces were cumbersome and the benefits were minimal; fortunately this has all changed. The interface for online banking is about as user friendly as anyone could expect or want.
A Nation Gone Bankrupt - Just What Will Be Its Future And How Must That Affect You?
If you're planning your retirement based on the supposition that you will receive the same government benefits that your parents did, you are in for a horrible disappointment. For you, as well as millions just like you, retirement is going to be repealed.
Understanding Pensions Advice And The Various Kinds Of Pensions Available
To put it in the simplest of terms, to have a pension means to have a type of financial security upon retirement or when you reach a point when you are no longer working for money.
Instantaneous Loans Till Your Pay Day
Payday loans: Instant loans until your payday; how you can get them, and ease the stress of being strapped for cash
Ideas To Budget Your Finances For Getting Financial Independence
No one likes to be in debt so you need to budget your money to become financial free. A good budget requires good planning, so with the help of this article you should be able to get started on a family budget that works.