Election will decide which path we’ll take

Print Article

America was founded on the concept of freedom to ownership and wealth creation. When natural resources are collected and manufacturers add value in new products, new wealth is created. For example, when crude oil is collected, a lot of products can be produced such as fuels, plastics, fertilizers and etc.

Quality jobs are created from producing by-products of natural resources. All society benefits when new wealth is created, an expanding wealth quantity is known as economic growth.

The eastern economy is just the opposite, it mostly redistributes existing wealth. We see this happening in the Middle East by small fiefdom armies that fight over who is going to own the existing wealth. Redistribution is by force of violence. Freedom is incompatible with this system.

Much of Europe has thought it could move from the western model of wealth creation to redistribution of existing wealth by legal taxation and that without violence. As their economies moved from wealth creation to ever more redistribution, their economic conditions have continually worsened.

In this election America is deciding whether to follow Europe in redistribution or go back to traditional wealth creation for our economic growth. An economy moving to redistribution instead of new wealth creation cannot grow or expand healthily because it depends more and more on redistribution of existing wealth instead of creating new wealth.

Printing money (QE1, 2 and 3) is redistribution through inflation, not wealth creation. We must grow the economic “pie” ever larger so that there will be more pieces for each new generation.

LLOYD WALLACE

Hope

Print Article

Read More News

Russian opposition leader Navalny appears in court

AP

March 27, 2017 at 5:00 am | MOSCOW (AP) — Russian opposition leader Alexei Navalny appeared in court on Monday, a day after being detained at a major opposition rally against government corruption that he led the previous day. ...

Comments

Read More

Bulgaria near final results give pro-EU party clear victory

AP

March 27, 2017 at 5:00 am | SOFIA, Bulgaria (AP) — A center-right, pro-European Union party is the clear winner in Bulgaria's parliamentary election, according to near final results Monday. With about 96.7 percent of the vo...

Comments

Read More

Want To Live Past 100? Centenarians Share Secrets Of Knee Bends And Nips Of Scotch

AP

March 27, 2017 at 5:00 am | Gertrude Siegel is 101 and hears it all the time. “Everyone says ‘I want to be just like you.’ I tell them to get in line,” she said. John and Charlotte Henderson, 104 and 102, often field questi...

Comments

Read More

‘Pre-Hospice’ Saves Money By Keeping People At Home Near The End Of Life

AP

March 27, 2017 at 5:00 am | Gerald Chinchar isn’t quite at the end of life, but the end is not far away. The 77-year-old fell twice last year, shattering his hip and femur, and now gets around his San Diego home in a wheelchair...

Comments

Read More