Since 1990, $20 billion of tax payer dollars has been spent on sports stadiums! Why on God’s green earth are taxpayers subsidizing stadiums for billionaires!? Unfortunately, this is only one small example of our hard earned money being pissed down the drain. Supply-side economics really focuses on reducing tax rates which is great, but they go astray when they do this so they can increase revenues to the government. We shouldn’t be trying to increase revenues to the government at all! Rather, we should be trying to reduce taxes enough so revenues to the government actually shrink! Any money the government takes via taxes they spend that and some so lets starve the beast!
So with Britain deciding to leave the EU what does this mean? Will this lead to a collapse of the European Union as more states decide to opt out? There’s a lot of uncertainty out there and the markets have reflected that since the Brexit vote took place. The Brexit vote really shows how people all over the world are unhappy and are losing confidence in the system! Look no further than Donald Trump and Bernie Sanders in the United States and again, those are people unhappy with the system and the elites in charge today! There’s a feeling of revolution out there and Brexit is just a sign of that. How many more cracks will we see before the global economy comes crashing down?
The economy continues to worsen for the people of Venezuela. People are digging through piles of rubbish to find food because they are starving and are more likely to come away with more food there then they would going to the grocery store! Families are letting their family dogs go because they can’t afford to feed them! Stray dogs are so skinny that every rib and bone is visible! This is what socialism does for people. Socialism brings equal misery to all! The government isn’t capable of providing abundance, that’s what capitalism does! Government can only squander resources first taken from the private sector. The reality facing Venezuela today, could be in store for the average American very soon.
Charles Murray recently wrote a piece at the Wall Street Journal and he argues in favor of a Universal Basic Income. Charles wants to eliminate all welfare as we know it today and replace it with a $13,000 check that goes directly into the bank account of all Americans. Should libertarians be supporting a way to make welfare more efficient and using government as a solution? Or should libertarians be arguing how the private sector is the answer to poverty by creating more opportunities and more wealth for all? All this and much more are discussed on this episode.
There’s $500 million in fraud taking place annually with the “Obama phones!” Now this sort of incompetence and people taking advantage of the system is how all government programs end up working out. Government has no incentive to be a good steward of our capital because government doesn’t have a profit motive! And government takes money from us with force! We have no choice but to hand over our hard earned money to the “mob.” There’s also a viral video out of a woman who’s throwing a temper tantrum because her EBT card hasn’t been recharged yet, so she’s just trashing a convenient store to show her anger. The government has been slow at recharging EBT cards for the month of June and many people are angry because the government is their sugar daddy! Personal responsibility has been lost on this society and the road to collapse seems inevitable at this point. Wake up your family and friends if they’re still asleep to the grim future we face in the very near future. What Venezuela is experiencing right now is coming here folks.