This Is Just Too Good Not To Share

[Jccarlton]

I wasn't going post but I just this great comment from here:
http://danieljmitchell.wordpress.com/20 ... he-answer/
Less spending means less goodies allocated through the political process and voting. What incentive do politicians have in accepting such principle?
Will voters refrain from the delusional prosperity panacea of redistributing and suppressing production incentives at the polls?

When pandering to politicians the odds are stacked against you, against the country’s perpetually compounding growth rate (or lack thereof), and thus against your continued long term prosperity.

The public’s vigilance required to neutralize such inherent politician motivation is just no longer there in America. The vigilance required to avoid the nearly ubiquitous European trajectory is just no longer there.

So enjoy the short socialist smorgasbord years, while they last, and secure an escape boat, because things will get worse. Motivation to produce is decreasing across the board, effort-reward curves are flattening, and the dream that someone else will do the exceptional work required to keep your top of the world standard of living will end badly, dear American. So have Hope but keep the Change, because you’re going to need it. Tough times, times of European malaise, lay ahead. Don’t hope that a Tea Party with twenty percent voter support (at best) can stop the decline. They are simply the predictable scream of a prosperity going down the tubes. Virtually every march towards coercive collectivism has had its minority opponents. They were defeated, forgotten, and the path to decline taken in great public hope and celebration. The flags change color, the details of the manifesto’s change, but the central delusional hope remains the same: that One day competent people will start leaving their families every morning to go work for distant others, under adulterated and flattened effort/reward incentives, and, ultimately, under the mandate if some public savior, some commissar, some public organizer, some expert committee, or the public majority itself. AND work with enough residual enthusiasm to outcompete most if the world and sustain your top ten percent worldwide standard of living. Sure, it will happen. Just vote for it and it will happen. What choice do they have? Others seem to have not been able to figure out this redistribution trick, so your reign as most prosperous citizen of the planet rests secure dear American. Divine forces guarantee the production that keeps America prosperous. Follow Europe to a better distribution of this taken for granted windfall.

From this height (top ten percent in worldwide prosperity) it will be a long-long way down.

Act accordingly. Teach your children cross border mobility.

The fantasy still attracts.

[KitemanSA]

Too bad we can't actually vote AGAINST those spendthrift politicians.