What Does It Mean "to Shrug"?
Posted by CircuitGuy 10 years, 10 months ago to Economics
I hear people say they're a few years away from shrugging or they're considering shrugging. What does that mean? I have thought of five levels of shrugging.
5. Try Something New: Sell or close one business and start doing paid work in some form and/or start a business in less regulated industry. Keep your wealth invested as before.
4. Partially Retire: Stop working for money but keep your wealth invested as before and possibly act as an angel investor and mentor for entrepreneurs just starting or take occasional consulting projects.
3. Fully Retire: Stop all paid work in all forms. Invest all wealth in large funds that don't require any management work on your part. Make no angel investments and no real estate investments except for REITs that require no work or management involvement on your part, apart from passively reading prospectuses. Accept no paid positions on boards and no indirect payments of any kind. You can still do unpaid work like helping your kids do repairs, but just for the joy of it, not in trade.
2. Fully Retire with No Investments – Put all your wealth in things that don't generate new income or value, such as precious metals and undeveloped land. You can sell the land and metals to get money to spend at for-profit businesses to provide for your needs, but you personally are not trying to make any profit or taxable income.
1. Atlas-Shrugged Shrug: Take all the wealth you can carry to a hidden “Gulch” settlement. Destroy the rest to the extent it's practical. Abandon or destroy all wealth that exists on the outside world.
Numbers 5 through 3 still involve a lot of participation in the economy and are things even people with no problems with the government do. With #2, you've mostly checked out but you're still feeding the economy by consuming goods and services.
I love the notion that there might be small secret Gulches of sorts were people could move. I hope people build a large one, maybe a non-secret Gulch, within my lifetime.
Assuming there's not a secret Gulch you know of, what does it mean to say, “I'm frustrated with the gov't, and I'm considering _shrugging_ at some point in the next five years.” What does that mean?
5. Try Something New: Sell or close one business and start doing paid work in some form and/or start a business in less regulated industry. Keep your wealth invested as before.
4. Partially Retire: Stop working for money but keep your wealth invested as before and possibly act as an angel investor and mentor for entrepreneurs just starting or take occasional consulting projects.
3. Fully Retire: Stop all paid work in all forms. Invest all wealth in large funds that don't require any management work on your part. Make no angel investments and no real estate investments except for REITs that require no work or management involvement on your part, apart from passively reading prospectuses. Accept no paid positions on boards and no indirect payments of any kind. You can still do unpaid work like helping your kids do repairs, but just for the joy of it, not in trade.
2. Fully Retire with No Investments – Put all your wealth in things that don't generate new income or value, such as precious metals and undeveloped land. You can sell the land and metals to get money to spend at for-profit businesses to provide for your needs, but you personally are not trying to make any profit or taxable income.
1. Atlas-Shrugged Shrug: Take all the wealth you can carry to a hidden “Gulch” settlement. Destroy the rest to the extent it's practical. Abandon or destroy all wealth that exists on the outside world.
Numbers 5 through 3 still involve a lot of participation in the economy and are things even people with no problems with the government do. With #2, you've mostly checked out but you're still feeding the economy by consuming goods and services.
I love the notion that there might be small secret Gulches of sorts were people could move. I hope people build a large one, maybe a non-secret Gulch, within my lifetime.
Assuming there's not a secret Gulch you know of, what does it mean to say, “I'm frustrated with the gov't, and I'm considering _shrugging_ at some point in the next five years.” What does that mean?
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While unpopular if not anathema to the egalitarian ethos, the reality is that the truly brilliant do not think just twice as fast and twice as accurately as the average person – they think differently. It is a qualitative difference, more than a quantitative one. The brilliant think in multiple and simultaneous modes, ignoring the convenient distinctions of domains of thought and knowledge. After four decades among brilliant individuals in the private sector, I set about to demonstrate this, creating a vetted instrument of measurement and accompanying dissertation, acting on the promise that it would be allowed by the local branch if the State Scientific Institute. Like Rearden Metal, it proved dangerous to individuals if it was wrong and dangerous to society if it was right. After a few minutes of reflection, I withdrew it from SSI consideration, and took it private as a monograph. The Ph.D. was salvaged by spending twenty-eight days writing a 444-page piece of party-line drivel; unanimously accepted by the faculty on first defense, it is now buried in the back-yard.
After a year’s “rustication,” I was offered a job at the SSI’s College of Educational Theology, the mantra of which is “all children can learn.” [“All pigs can fly.”] Tens of billions of looted dollars are spent repealing the Law of the Survival of the Fittest, preparing pseudo-intellectuals for pseudo-sciences. I have become Mel Brooks’ Max Bialystock in no danger of producing a hit.
I've seen this phenomenon firsthand. Efficacy will get you nowhere fast. Game playing, manipulating, pretending like you are stupid or injured will get management to move you around so eventually you end up where you want to go in the company.
Lack of integrity will get you everywhere.
Midas himself went on strike when he was ordered to give money to people who he knew would never pay it back. Judge Narragansett resigned from the district court because the very first decision he made that was overturned by a higher court was the case that ordered Midas to "loan" the money he knew would not be repaid.
Ellis Wyatt set his oil field on fire and joined the strike when new taxes were passed that only applied to successful businesses in one state and those taxes were going to be supposedly "redistributed" to "help" less fortunate businesses that were failing in other states.
While these and some of rest of the members of the gulch may have kept working in the same field they had before going on strike, they didn't go to the gulch with the intent of gaining greater riches than they had on the outside. They left "the world" hoping to find lives free of the looters that were sucking the life's blood out of them and their businesses. In the case of Ken Danagger who owns Danagger Coal in Pennsylvania, he decided to go on strike because the government wanted to tell him who he could sell his coal too and how much coal he could deliver and how much he could charge for it. So when he left just ahead of a judge who was going to throw the book away because he violated all three points, he was working in a foundry in the valley and was looking for iron ore in his spare time. He was just one example of somebody who was not in his old field, there were several more.
None of the folks in the gulch were getting rich, but what they did find was freedom and the richness of the soul that comes from earning what you were paid and keeping what you worked for - not giving 40-50% or more to the looters.
To the extent that those in the gulch were enjoying the peace of mind that comes from being free and not a government slave, yes, they were seeking a dream, but it wasn't the dream they had when they started their businesses in the outside world. I do think it's safe to say they were walking away from their dream outside, and the governmental interference that went along with it.
I try to emulate that as much as possible. I have my daily chores here on the farm (as we call our little place in the country) and I have a 30x50 studio where I pursue my art and every so often I head out with some hardware to spend some quality time with folks who enjoy things that go boom!
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+1
That's the hardest part of my job, right now (not saying that I have amazing ability or anything like that, though). I keep butting my head up against people up and down the chain who are just there to collect a paycheck.
I told my boss once that we have 3 kinds of employees; those who earn their pay, those who collect their pay, and those who collect what they feel they're due.
And the American dream to me is quite simply just complete freedom. Freedom to choose how to live, what to build on property you own, what work to do, to travel freely from place to place without the cohesive effects of government. The freedom to succeed or fail of your own free will. Freedom, just like the Founders of this country had when they establish it.
For me the description of the Gulch in AS was really about each individual's recognition, even if guided by Galt or others, that all the effort of trying to live and work with the principles of a man of the mind and keep those principles intact in the political and socio/cultural system they faced, was fruitless for themselves individually and for all others they impacted. That there was no way to do so without compromising those principles and at the same time allow the system to use and take advantage of them and their efforts.
For myself, I see the Gulch in my mind as a determination to maintain my principles in life, even when that results in less rewards. I simply refuse to become involved in or with or accept in my life those things that this corrupt system attempts to embroil me in. There are methods available and things to do that might best be described in the 1979 book, Alongside Night by J. Schulman, as countereconomics. I leave it to others to determine for themselves what that term means to each, but for me it's a recognition and celebration of one of the strengths of some of our founding generation. At the same time, there are people that can be educated and shown the extent of the loss of liberties and the multitude of problems generated from within our own government.
While many have chosen leaving the country in an attempt to find their own Gulch, many more have chosen to shrug in plain site. It just boils down to each individual's determination and willingness to live with their own principles in the best way that they can. A country or government in which an Objectivist can live their lives with full achievement and satisfaction, welcomed and appreciated won't exist in my lifetime or probably in the lifetimes of my sons. But each life lived to the maximum of Objective principles available to each, is a step forward.
I had forgotten about their taking low-level jobs. That part doesn't make sense to me b/c these were great people who would have been productive in any job. Maybe they slacked off and did the low-level jobs half-heartedly but that doesn't seem like something great people would do.
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