Monday, January 18, 2021
League of Power

The League of power


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Coming to a Neighborhood Near You

The crisis that continues to play out in Greece is a wake up call. Last week, in the face of continuing austerity measures, much of the country shut down as strikes by labor and government unions shuttered businesses and transportation. The strikes are a result of massive overhauls in the Greek way of life.

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Here is a list of what the Greeks are now facing:

Pension reform – greater contribution by employees to their own plans
Tax increases
Property Tax adoption
Layoffs in the government sector
Increases in the retirement age
Less government mandated vacation time

The Greek economy will shrink 3% or 4% next year, after shrinking more than 6% this year. It’s not pretty. Much of what the Greeks are doing now, the United States already has done. That is one reason that we are not Greece. As inefficient as our systems are, they are massively better than what the Greeks have. Here’s the problem:

If we are already efficient with our systems compared to most of the world, what if we need to do more? What will that result in?

Take a look at Wall Street and the current protests in the Streets. One sign read, “There has to be a better system than Capitalism”. Another reads something to the effect of “Bring down the Banks”. These are not the signs of a prospering country but one that is facing a major moral, social and economic dilemma. Making money is now seen as evil by the “suffering class”.

This type of grass roots movement is being egged on by various political factions who see the current form of capitalism as unacceptable. Instead they look to the government for answers and in return are willing to hand over more control. Last week Bank of America imposed a fee for many customers to use Debit cards. So what? You use a service; you pay a fee – that’s reality. You use a service and you don’t pay a fee – that’s a problem. It seems that many are being drawn into the latter camp and are looking for a free ride. It’s wrong and will lead this country down a path where government control and regulation will increase. This is not a Democrat or Republican issue – they are both guilty of promoting over regulation, despite their claims that the other is more responsible.

If you want to live in a country where the government decides how much money business should make – then be aware, that same government will dictate how much you will also make. This next election will likely be the most critical in decades. It will decide the future path of this country. Your focus should be on issues, not personalities. The main issue is whether you want the future to resemble Greece today or the United States of years gone by.

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The American Dream is Burning

Anyone who watches the news can quite literally see the American Dream burn; people are unemployed, unable to pay bills, and losing their homes. What happened to the American Dream?

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