The founder of Subway recently said that he could not have started up his company today. Similar messages have come from the founders and heads of other major companies. That isn’t to say that companies will cease to exist. What we think of as business has been changing for some time.
In most countries, starting a business does not begin with a great idea. It begins with connections. Knowing the right people is still important, but in most places it’s the most important thing. Continue reading
…Our nation has entered into the last stages of fascism. Both parties have supported this path since Hoover and FDR of the 1930s, both parties are guilty. The only way to avoid a repeat of Germany 1933-45 is to go all out to defeat fascism here in America by any means necessary.
That means renouncing the programs that transfer power to the federal government such as social security, Medicare, education, transportation, and banking regulations, everything that allows centralized planning needs to be opposed. This means conservatives have to stop giving capitalism lip service and embrace the free enterprise system.
We need to understand government produces nothing; they can only create poverty, death, and destruction…. Continue reading
via AllGov – News – Members of Congress Increased Personal Wealth 25% in Two Years. Thursday, November 03, 2011
The rich in Congress have continued to get richer, according to a new analysis of lawmakers’ net worth by Roll Call.
Three years ago, the collective net worth all representatives and senators was $1.65 billion. By 2010, this amount had increased to more than $2 billion, representing nearly a 25% bump.
Roll Call also determined that almost 90% of the increase was enjoyed by the richest 50 members of Congress, who account for 80% of the total net worth even though there are 535 voting members of Congress.
Within the Senate, Democrats (the majority party) possess about 80% of the wealth. Meanwhile, House Republicans, who control the chamber, command 78% of the riches.
The numbers are skewed by the wealth of one Congressman, Michael McCaul (R-Texas), who is worth at least $294 million. Still, the median net worth for members of Congress, $513,000, is four times that of the median American household.
The wealth totals are, if anything, on the low side because they “vastly underestimate the actual net worth of Members of Congress because they are based on an accounting system that does not include homes and other non-income-generating property, which is likely to tally hundreds of millions of uncounted dollars,” according to the political magazine.