How to Live As a Serf Under Liberal Policies
and Continue to Thrive
“Those who want to “spread the wealth” almost invariably seek to concentrate the power.”
– Dr. Thomas Sowell, professor of Economics
Under the liberal policies being pushed onto the American public by Mr. Obama and other far-left Democrats, we’re moving steadily toward a society where a very few hold the real power and the rest of us are expected to fall in line with their ideology.
If Washington politicians – both the left-wing liberals and the statist Republicans – get their way, we’ll have a new aristocracy. It’s already forming.
Signs of the New Aristocracy
An aristocracy is being built around the bloated government bureaucracy that has formed in Washington D.C. This bureaucracy has an insatiable hunger for your dollars along with your compliance to their capricious regulations.
The first sign of this growing aristocracy is the disparity in income levels between Washington D.C. and the rest of the country.
Between 2000 and 2012, the average household income in D.C. rose by 23.3 percent. The average American household income dropped during that same time frame. In D.C., the average household is bringing home a full 30 percent more income than in the rest of the country.
At the same time, the number of people making less than 50 percent of the poverty level in D.C. also rose – D.C. has the highest level of people living far below the poverty level in the entire U.S. This means the elite in the D.C. area are earning even more than those figures I just shared suggest.
Another sign of the growth of the government aristocracy is the difference between job growth in the private sector versus the government sector. Since the economic crisis in 2008, 41 of 50 states have seen losses in private sector jobs – not gains. The job gains that do get reported are primarily government jobs, and many jobs that aren’t entirely funded by the government are contractor positions that receive most or all of their pay from the government. In many states, as much as one fifth of the population is reliant on the government for their paycheck… and that doesn’t include people living on welfare.
A disparity between private sector and government pay is also forming. It used to be that if you held a government position, you’d expect to be paid less than you would in a comparable private sector position. That’s no longer true. In an Ohio study, for example, researchers found that the average government employee earned nearly 45% more an hour in wages and benefits than the average private sector worker.
Living Under Destructive Government Policies
There’s a growing hostility toward business among the government bureaucracy. It’s open season on big business, small business, and the average citizen. If you want to thrive under these destructive policies, it’s time to start preparing now if you haven’t already.
The first step is to begin protecting your assets. The economy will not remain untouched by these policies. Safeguarding and diversifying your assets is crucial. Build up a cash reserve and a reserve of precious metal coins. These will preserve your buying power during sharp economic downturns.
Beyond that, continue to make smart investments with your money. Foreign currency markets and investments in the resource industry are both promising. I outline specific investments in my newsletter every month. (Subscribe here.)
While the government is doing its level best to regulate small businesses right out of existence, they have a hard time effectively regulating sole proprietors. My next recommendation to help you thrive even under Mr. Obama’s liberal policies is to take up a useful hobby that you enjoy… one that you can purvey into a living if you need to. Some possibilities include small engine repair, wood-working, or tutoring, or web programming.
These kinds of skills will always be in need. If your job is downsized out of existence, and you’re struggling to find new employment, you can open a one-man shop and continue to support yourself without attracting too much government attention.
Finally, do everything you can do avoid government notice. Pay your taxes on time. Obey the laws. Be careful what you post or search for on the Internet. And make your purchases in cash.
Just because the government bureaucrats are determined to form their own aristocracy doesn’t mean you have to be resigned to living as a peasant. Start taking steps now to secure your wealth and your livelihood and these destructive policies won’t have such a big affect on your life.