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US Economic Freedom Plunges

Posted by dbhalling 10 years, 1 month ago to Politics
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While these indices are not perfectly accurate, I would argue that over the last several years, the US has been given too high a ranking.


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  • Posted by $ MichaelAarethun 10 years, 1 month ago
    September jobs report whiffs: 142,000 jobs added

    That's one of the sub headlines

    What's it mean really? Let's see it's October. Only 93 shopping days less Turkey Day until Christmas. Add the after Christmas Bargain Sales then watch the headlines read 143,000 jobs lost.

    Wonder how they will spin that one this year?
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  • Posted by $ blarman 10 years, 1 month ago in reply to this comment.
    Yes. The average US citizen has seen average salary drop by $5000 during Obama's tenure, while welfare recipients have skyrocketed. I would say that this is a pretty damning corrollation.
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  • Posted by wiggys 10 years, 1 month ago
    At one time the patents meant something today i do not think so. I have been issued 4 patents. the first for my sleeping bags ran for the full 20 years and meant nothing in the way of sales and nobody tried to copy me so i paid the fees for the full 20 years. since the patent ran out business really developed. the other patents i stopped paying. there was no benefit if the products regardless how good weren't being purchased by consumers. a case in point is my pack boots, best ever made. so in order to get rid of them i give them away with the purchase of $200.00 or more in merchandise. so my customers get the bargain and i get the write off.
    that aside the wonderful usa government has instituted more rules and regulations that are part of the destruction of the country. our economic freedoms are withering away at a pronounced rate and when all is gone we will be a true 4th world country.
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  • Posted by Technocracy 10 years, 1 month ago in reply to this comment.
    We are seriously looking at beginning the shrug process at this point ourselves. The regulatory burden has become too oppressive to stand.
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  • Posted by $ MichaelAarethun 10 years, 1 month ago in reply to this comment.
    Rule by fear is one of the prime requirements of a fascist government. just as basing the value of the currency not on intrinsic backing nor even on the mis used full faith and credit for who has faith in the US economy and the government has not credit but on the fear standard. No one wants to be the first to shout ' The Emperor has no clothes!' for fear of a complete collapse.

    A side thought. We as consumers have more trust with the Chinese workers with Dollar Stores and Walmart as our go between than any I can find with the government(s).
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  • Posted by freedomforall 10 years, 1 month ago in reply to this comment.
    It's clear to those old enough to have experienced the decline in liberty. We need more of the young to understand and value what they are missing, e.g., privacy and freedom to strive and produce.
    I have been reading The Door Into Summer (again), and it has the kind of inspiration needed now. Have you read it, db?
    It was published in the same year as AS and has some accurate predictions of technology, too.
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  • Posted by $ jbrenner 10 years, 1 month ago
    Undoubtedly for me, the biggest impingements on economic freedom are RCRA and TSCA. Both are conceptually reasonable environmental laws. After all, no one wants a hazardous environment. However, these laws are amazingly onerous. One violation by one student employee ruins your whole year. Maximum penalties are $25000 per day per violation. You go overboard on compliance 10 times as much as you would with the IRS, because the penalties are that scary.
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  • Posted by $ jbrenner 10 years, 1 month ago in reply to this comment.
    Regrettably, it is tough to get students to buy the required textbooks. There is no textbook at our campus bookstore that has not been at least recommended by our faculty. Perhaps I should do that.
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  • Posted by 10 years, 1 month ago in reply to this comment.
    Interestingly a number of foreign companies will not work with US IT companies because of the NSA/Patriot Act.
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  • Posted by $ MichaelAarethun 10 years, 1 month ago in reply to this comment.
    Postlude. After returning from an eight month sailing and diving cruise in the South Pacific I ran tinto a former employee.

    "You really left us in a bad spot."

    "Au contraire all of you put me in a bad spot. But I had a friend, an adviser and trusted counselor that helped me out."

    Really Who?

    Who is John Galt."

    A flip answer at the time but as it turned out and after re-reading the book I was happy with it. I certainly turned off their motors. And all they had to do was start the same business in the same empty location. They had the know how to do the work except for one missing part. And I hope one of you idiots is reading this lo these many years later."
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  • Posted by $ MichaelAarethun 10 years, 1 month ago in reply to this comment.
    There is complying and then there is super complying. Caught in the same Catch 22 situation I gave everybody the day off and sent them home.

    Wrote out their final paychecks and put them in the mail along with a reporting date and time for their next job assignment. Paid all the bills. Stopped by the bank to ensure the account would cover all the checks and pulled the rest then instructed the when the last check cleared close the account. Cleaned the place out and put a sign in the door. Emigrating To The United States. Back then it made sense.

    That was a Friday. On Monday the predictable happened and having not received their mail most went to the addess listed on the door.

    It was the unemployment office. I was hit from two directions. Union and Bureaucrats. The address in the mail was the union address.

    That was exactly nine part time and six full time employees. Under the required amount for such activity you say? Depends on who is interpreting the rules.

    It takes a while to shut a business down. Not if you prepared in advance. In my case I sold it to one of the employees first as a small percentage partner the as a buyout. He moved it to his garage and had one new partner his wife and no employees.

    Seven or eight years later.....letter from IRS. You haven't filed business returns for some years.

    That's correct the reasons are attached. I'm no longer privy to such information.

    Next letter ....

    Returned it saying are you telling me or advising me I have to fabricate information and lie to an agent of the federal government?

    For all I know they are still trying to word the next dun notice.
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  • Posted by Technocracy 10 years, 1 month ago in reply to this comment.
    I have been forced to waste so much time and effort, and therefore money, on compliance activity. It makes you crazy.
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  • Posted by $ jbrenner 10 years, 1 month ago in reply to this comment.
    It was a good value for value exchange. I am just trying to fulfill my promise regarding educating future Galts. One thing that a student very wisely said in response regarding promises was that "If you are going to promise something, you had better deliver on that promise."
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  • Posted by khalling 10 years, 1 month ago in reply to this comment.
    thank you very much. more importantly, we need to our future inventors to get it. thanks j
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    Posted by Technocracy 10 years, 1 month ago
    Obamacare and Dodd-Frank, both of which followed after Sarbanes-Oxley. Those three laws affected nearly everything that was not already in the clutches of Government. Billions and billions of dollars wasted directly by the laws, and secondarily in compliance costs. So yes, less economic freedom than before.
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