Inefficient, bloated government is bad for the world in general because its essientially like welfare - paying people to do nothing of value. What that does is drive the price level up and your puchasing power down. So you might get some of the money back u were taxed, but all the dollars you get back will buy much less, than had you not been taxed at all. Iow, had u not been taxed at all, the amount of goods and services u cud buy would be a lot more than if u were taxed to support the goveRnment beaucracy, which is essientially another form of welfare.
You don't even need to be socialist or talk about Revolution like they do in South America. Today in Thailand populist policies to ensure re-election are putting a huge debt burden on the country, but the politicians don't give a damn.....they will be dead when the time comes to pay the piper. Greece all over again, warnings from those who care are brushed aside and the people who benefit from the handouts are too greedy and stupid to care.
Same shit, different day. Its the entitlement attitude that eats away at a nations productive base like a cancer until it turns into greece or america. The only countries that can run these massive bloat work, nanny state handout regimes are oil rich, population poor countries like kuwait, uae, maybe saudi. See america is done for. Everyone says the titanic can't sink. The only thing propping up this sham economy is the dollar. But its pressure from above, pressure from below. On the bottom are the proles and bottom feeders. On the top are the fortune 500, special interests, and whore politicians that broker the transfer of wealth from the people to the corporations. Then throw the underclass all these gimmies to keep them placated as to the real thieving that's going on at the top. Iraq and afghanastan is gunna cost nearly 8 trillion after its all said and done. Better own some haliburton, kbr and lockheed stock cause that's a lot of chingy baby. The whole country has gone to shit. Its a bunch of thieves running it for thieves elected by shitheads. Dwhen someone says ron paul \ constitution they get shouted doown as "radical". That's how fucked up the world is
It has taken a special kind of fool to collapse America. The Soviets and Nazis didn't manage to. Wasteful and useless policies from foreign affairs to domestic. Some might argue they should be put on trial for negligence but they were voted in to do ....... Maybe time for a big change in system, The USA Spring clean ?????? Could work gangs re-appear for the workshy ? A quick hanging for 1st degree murderers ? etc. The plain truth is that there aren't enough jobs for everyone around the world and the West's workforce and public servants won't accept a pay structure commensurate with the earnings of their economy and the rich hog most of the goodies and the crap at the bottom get what's left. Could be trouble ahead but then there always is.
Not a socialist or communist believer but I think the industrial revolution was the second worse thing that happened to humanity. Constant or ever expansion is required for success.No country can be successful without selling to outsiders. After the global expansion is over who do you sell to? I made a statement long ago that after global expansion we shall all be poor and my belief hasn't changed.
I think the competition will only get fiercer amongst manufacturers, services etc. in the future. If the West's auto producers for instance won't reduce their costs ( including wages ) sufficiently they are likely to go out of business altogethor. Even the bosses will have take wage hair cuts. Good for the customer but tough on jobs etc. The public sector should be paid what the State can afford. And when times are hard instead of borrowing or printing more money, their wages should fall to balance the books. The Democrats and other Left Wing parties have yet to learn these basics.