Are Americans Entitled To An Ever Improving Standard Of Living Greater Than The Rest Of The World?
Americans seem to have some unfortunate notion that by simply being Americans, they are entitled to a superior and increasing standard of living. Incorrect. That may have appeared to be the case for some decades, however they will be in for a terribly agonizing surprise. An ever more global economy is a reality, and while the subject is somewhat over-worked, it's true that Americans cannot demand to be paid handsomely for similar work that Asians are willing to do at a far lower wage. Neither can businesses in India, China, etc., hope to be able to always pay those low wages forever. There probably will be some sort of a "meeting in the middle" over the coming years with Asian wages rising and American paychecks falling. That's great news for Asians, but bad news for a lot of 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 provided the increasing standard of living Americans used to enjoy and modern day Americans seem to expect. I say former, simply because we have anything but that any longer. The central government attempts to regulate wealth creation while producing zero wealth whatsoever. Its major products are regulations, unsuccessful programs, and aggressive foreign wars. None of these has a constructive impact on the wealth of this nation, and I believe that the "military-industrial complex" that President Eisenhower warned us about may be the most detrimental factor of all. Anyway, given his armed forces experience he sure must have known all about it. War is horribly expensive, and as we've seen, as soon as we start one the attitude becomes one of "we need to have victory thus we have to spend whatever is necessary to attain it." Seems like a path to national bankruptcy. Think about what could have been accomplished with the money we've spent on these wars. And that doesn't even include the social costs to people and families.
The point is, downsizing on a personal level will be the new thing to do, whether we like it or not. A continuously increasing standard of living comes from private savings and investment, hard work, and a political setting established by a government that does not behave like business growth will proceed regardless of what the government might choose to do to impede it. To the degree those factors are missing, so also will growing private wealth be outside our grasp.
One does not have to like the laws of economics, and one can employ the services of those with flawed ideas to obtain the answers one wants, however the facts remain the same.
Are Americans Entitled To An Ever Improving Standard Of Living Greater Than The Rest Of The World?
Americans appear to have some regrettable belief that simply by being Americans, they are entitled to a high and improving standard of living. Not true.
Encouraging Ideas That May Help You To Save Extra Cash At Home
Sometimes the most difficult part of running a household is finding new and effective ways to save money. If you feel like your paycheck is drained before you can even deposit it into the bank, then here are some tips to help you to save money.
Writing A Personal Check - Find Out The Reason Why It Might Get Invalidated Even If You Have Cash In The Account
There was a time when writing a personal check was a simple and straight forward thing. Somehow it has got complicated. Andas long as we live in our world of technology it is unlikely to happen.
Keys 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.
Managing Money: Useful Ideas To Saving Money
Proper money management is key to getting out of debt. Below are simple tips to help you save money. Putting the following tips into practice, can help you get out of debt
Actions Families Should Take To Keep 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.
What You Really Need To Observe To Get The Very Best High Interest Accounts
When you first start looking at high interest accounts you think that there are lots of options out there and it is just a simple matter of choosing which one you like the look of. In reality, it is not that simple.
How To Find And Review The Best Bank Accounts: Essential Points
If you are trying to find the best bank accounts then you will have to go through a process of elimination, otherwise you will never make it through the mound of offers available. So how do you whittle down the number of bank accounts to an amount which you can actually review in depth?
To a large degree, Americans are living off the heritage of our former small-government, free-market, capitalist economy which was the engine that provided the increasing standard of living Americans used to enjoy and modern day Americans seem to expect. I say former, simply because we have anything but that any longer. The central government attempts to regulate wealth creation while producing zero wealth whatsoever. Its major products are regulations, unsuccessful programs, and aggressive foreign wars. None of these has a constructive impact on the wealth of this nation, and I believe that the "military-industrial complex" that President Eisenhower warned us about may be the most detrimental factor of all. Anyway, given his armed forces experience he sure must have known all about it. War is horribly expensive, and as we've seen, as soon as we start one the attitude becomes one of "we need to have victory thus we have to spend whatever is necessary to attain it." Seems like a path to national bankruptcy. Think about what could have been accomplished with the money we've spent on these wars. And that doesn't even include the social costs to people and families.
The point is, downsizing on a personal level will be the new thing to do, whether we like it or not. A continuously increasing standard of living comes from private savings and investment, hard work, and a political setting established by a government that does not behave like business growth will proceed regardless of what the government might choose to do to impede it. To the degree those factors are missing, so also will growing private wealth be outside our grasp.
One does not have to like the laws of economics, and one can employ the services of those with flawed ideas to obtain the answers one wants, however the facts remain the same.
Are Americans Entitled To An Ever Improving Standard Of Living Greater Than The Rest Of The World?
Americans appear to have some regrettable belief that simply by being Americans, they are entitled to a high and improving standard of living. Not true.
Encouraging Ideas That May Help You To Save Extra Cash At Home
Sometimes the most difficult part of running a household is finding new and effective ways to save money. If you feel like your paycheck is drained before you can even deposit it into the bank, then here are some tips to help you to save money.
Writing A Personal Check - Find Out The Reason Why It Might Get Invalidated Even If You Have Cash In The Account
There was a time when writing a personal check was a simple and straight forward thing. Somehow it has got complicated. Andas long as we live in our world of technology it is unlikely to happen.
Keys 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.
Managing Money: Useful Ideas To Saving Money
Proper money management is key to getting out of debt. Below are simple tips to help you save money. Putting the following tips into practice, can help you get out of debt
Actions Families Should Take To Keep 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.
What You Really Need To Observe To Get The Very Best High Interest Accounts
When you first start looking at high interest accounts you think that there are lots of options out there and it is just a simple matter of choosing which one you like the look of. In reality, it is not that simple.
How To Find And Review The Best Bank Accounts: Essential Points
If you are trying to find the best bank accounts then you will have to go through a process of elimination, otherwise you will never make it through the mound of offers available. So how do you whittle down the number of bank accounts to an amount which you can actually review in depth?