Governments Waste Money!
On a scale that is hard to believe
Tax The Rich!!
We often here calls for wealthy individuals to pay more to the state.
OK - Then what?
Let’s say the rich are successfully taxed and the state is now sitting on billions of dollars it didn’t have to print. What now? Here lies the biggest issue that few will discuss, the inefficient use of capital by big government. Regardless of your views on ‘taxing the rich’ we expect that money to arrive at the government and be distributed efficiently and with surgical precision.
Here lies the problem… Governments are fucking awful allocators of capital. In fact, they are so inefficient, disjointed and corrupt that the laundry list of failures and misallocation globally would make you cry if fully experienced in one sitting.
Don’t believe us? Well time to strap in (not on 🤠). Joke, but it’ll feel like that once we have finished with you!
“The Greatest Nation on Earth”
Lets take the USA 🤡
From the top (the big numbers)
Military Machine
The US military can’t account for $21,000,000,000,000 : Yes that is 21 trillion dollars that can’t be “found” or justified. So WTF is actually going on here… well its a combination of dark site spending (if there’s UFO tech, its development is hidden in here), black projects with private military contractors which we don’t know about, money laundering and weaponising the use of dollars to attack nations in various means. Out of that $21 trillion how much is being spent efficiently we will never know but the worst part is they can’t and won’t justify to the public what or where it went.
So lets get this straight Elon Musk should owe a few billion but those fuckers have lost $21 trillion… 🤔. This is from audit reporting of the Department of Defence (DOD) a few years back. It is probably A LOT worse after the money printing to fight the flu war. 🦠
The Federal Reserve (FED)
It prints money like a junky and yet we focus on taxing our fellow humans…
The subject of the FED is one giant rabbit hole that we don’t have the space to cover in this simple article but there are a few primary points you need to be aware of…
The Fed is not Federally owned. It is a Private institution. It is also not a Reserve. It’s a Private Bank. It has shareholders that are “unknown” and pays dividends to them at around 6%. This should be shocking if you are just learning this. For further information we would recommend reading ‘The Creature of Jekyll Island’ which can be found here (The audiobook is excellent too).
What are we getting at with this? Well imagine a place that isn’t controlled by the government that can print unlimited amounts of money in the home currency which also happens to be the global reserve asset… The USD.
Bills & Stupid Projects
This is where congress and the FED link to create the greatest monetary threat to humanity by allowing the clowns in office the ability to easily conjure up and create Bills that require monumental amounts of money to achieve. The FED loves this as they are getting huge Government Contracts to go to work (Printing money digitally). This in turn will dilute the purchasing power of the Dollar and well the rest is obvious as we are seeing it play out now in 2021 into 2022 and beyond. Inflation, Price Confusion, Supply Issues and Rising Inequality. So this is what happens when you link the Government (hammer) with the FED (nail).
They Smash Smash Smash Buy.
Oh its not just the US!
All governments are at it in one way or another in various ways.
The Financial Times reports that China recently wasted $6.8 trillion
Everyone who works for the public sector in the UK (16.7% of the working population) knows that budgeting practices are appalling. The UK model means that if you don’t spend your budget you lose it. This practice removes the incentive to find good deals and spend shrewdly meaning every public sector department is wasting money that could be put to good use elsewhere.
Check this out below (Link Here):
The list of countries goes on and on and gets even more stupider (yes its a word) when you include government printing into hyper inflationary environments and crushing entire economies and destroying the lives of its citizens.
Conclusions:
We are not advocating for the destruction of Government, but we know that a room full of hammers will see everything as a nail. Our intention is to see Governments focused, audited and fully accountable for its activities. It should be greatly reduced so that it becomes a primary service providers of the people. The rest should be left to the private open markets to improve upon. Under no circumstances should the government be able to bail out businesses that are ‘too big to fail’. This is anticapitalist behaviour. Let these zombie companies die. We would prefer to see a swift death rather than a drawnout one.
On Paying Higher Taxes
Why on earth would we take money from the best allocators of capital (entrepreneurs and people moving society forward) and give it to the worst allocators of capital (Government) and expect it to make things better???
At The Wealth Gap we are staunch capitalists and believe we need smaller Government and a bigger free market. The privatisation of most things with fair competition will lead to better outcomes for all. Capitalism is what we all do naturally if left alone. A centralised busybody government may seem like it’s doing good work but it quickly becomes a burden once it gets too large and fat.
Until next time
The Wealth Gap
As the past has told us, we will evolve once we dissolve. 👌