Sunday, July 17, 2016

The Hegemon Has Unlimited Time

Expecting a big, devastating, game changing crash is probably a waste of time.  At most there will be ho-hum crashes like 1929 or 2008, in which every gasps but not much really changes.  In the meantime, expect countless efforts to shake down anyone with anything.

Apropos of another post, someone emailed me that the vast majority of CalPERS (California Public Employee Retirement System) payments go out to retirees in other, low tax states.  How long before some policy wonk notices and reckons how much tax income California is losing paying out to retirees not buying in California, registering autos in California, paying property taxes in California…  hmmm?  Eventually expect "to collect California, reside California."  The Romans were eventually reduced to arresting escaping Romans and force them back to work their lands.   The taxes were so high it was not worth it, and Romans were escaping from the hegemon chaos for the anarchy up North.  The less-government, less tax states around California are in that measure more anarchic.

Now on the other side, states note well retirees can be milked for their income stream.
Tennessee has had a formal retiree recruitment program for the last 10 years. “Retire Tennessee” is managed by Director of Tourism Initiatives Ramay Winchester, who works closely with the Jefferson County Chamber of Commerce on their own “Retire Tennessee” program. The retiree recruitment program has an information booth at ideal-LIVING Trade Shows in New Jersey, New York, Illinois, and the greater Washington, D.C. area this year.
Anyone with a pension, a paycheck or property in the next 40 years is a sitting duck.  Why bother.  Position yourself to own the means of production, a small business.

Feel free to forward this by email to three of your friends.