Bald Eagle

Dan J. Harkey

Educator & Private Money Lending Consultant

A Shadow Of Yesterday’s Greatness

The new administration under Donald J. Trump faces the daunting task of restoring the U.S. to a state of economic stability

by Dan J. Harkey

Share This Article

Summary:

Few would argue that the institutions of the United States are a total mess right now.

The new administration under Donald J. Trump is faced with the urgent task of restoring the U.S. to economic stability. The challenge is immense, given the deeply entrenched corrupt establishment that operates the government for its benefit at taxpayers' expense. Many people, the government, and the institutions have grown accustomed to a culture of laziness and dependency. However, it's crucial to remember that change is possible, and many will support efforts to return the U.S. to its former economic greatness.

Article:

Once a tremendous industrialized empire, it is now relegated to a bloated and spoiled bunch of entitled brats who produce nothing but want everything for free. Of course, not all of us fall into that category. That is why the top 1% of income earners pay 46%, and the top 10% pay 76% of the federal income taxes. The bottom 50% pay 2.3% of the taxes.

https://taxfoundation.org/data/all/federal/latest-federal-income-tax-data-2024/

Our progressive tax structure places the tax burden on the most productive rather than the dependent. However, equal voting rights ensure that the dependent and the parasitic classes can vote themselves into more benefits, further burdening the productive class and hindering economic growth.

Tens of thousands of manufacturing facilities, once the backbone of our economy, have closed and been sent offshore. We are a nation of consumers but produce little. We depend on low-cost labor and manufacturing expertise worldwide, particularly in China.

We are consumers of everything yet producers of minors. Our primary export is waste paper.

https://www.zerohedge.com/economics/12-facts-about-deindustrialization-america-will-blow-your-mind

The reasons are tenfold. One could argue that there are many more reasons.

  • Excessive liability
  • Excessive regulations
  • The growth of government, Non-government entities (NGOs), institutions, and contractors has made it into a giant creature that represents itself only as a monopoly, not the people.
  • The corrupt deep state (establishment) is fighting against all changes, which lessens its power and transfers power back to the people.
  • Excessive power and authority of local, state, and federal governments thwarts productive enterprise.
  • The ability of the government to create fiat money out of thin air and inject it into the economic system is a significant issue. Fiat money is a currency a government has declared legal tender, but a physical commodity does not back it. This practice leads to the creation of debt without corresponding productive enterprise or the creation of goods and services, essentially devaluing the currency and burdening taxpayers.
  • This free money is the primary cause of inflation, which reduces the dollar's purchasing power. As a result, the average consumer finds themselves on an economic treadmill, struggling to keep up with the rising cost of living. We cannot afford to ignore this situation.
  • Poor workforce education. There is a tremendous misallocation of subjects away from the skills necessary to function in a career and manage the personal lives of productive families.
  • Dependency on government transfer payments—the welfare state. The welfare state, a system in which the government provides financial aid to individuals and families in need, has led to a culture of dependency and reduced incentives for individuals to work and contribute to the economy. While well-intentioned, this system has unintended consequences that must be addressed.
  • The government compensates people not to work, making them dependents and parasites on the backs of the taxpayers. Their votes ensure that they will continue to get more benefits.