Saturday, September 17, 2016

The Frugal Revolution

Jacky Perry finds what he "believe[s] to be the 'magic bullet' that can abolish the government and Wall Street together in a 'death of a thousand cuts'" — The Frugal Revolution: Bleeding The Beast. And I thought I was just cheap! Here's how it works, making perfect sense:
    What is the “magic bullet”? You might not believe this, but it’s actually consumer spending. The entire apparatus of the federal government, local governments, and Wall Street are held together and kept alive by consumer spending. How and why? This is how it works: People become convinced via the media that they need all these non-essential items or essential items vastly overpriced because of “brand”. Now, the federal government inculcates into the people that consumer spending is important to the economy. And it is. The entire economy, the government, and Wall Street are all held together by it. Because once people chase after these things and buy them, they must be paid for. Thus, they must work (and work even more hours than ever before) in order to pay for this crap. In so doing, they are taxed by the federal government whose tax rates go up when their income does. Therefore, the more you buy, the more you have to work, and the more taxes the government collects.

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Blogger Mark D. said...

This was, interestingly enough, my grandmother's theory too.

September 18, 2016 at 1:35 AM  

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