An Economy That Works
- Once you have all this working
- Compassionate organization within your economy
- What cripples most economies
- Punish their people with austerity programs
We are going to talk about an economy that works. If you inherited a country what type of economy would you design? First of all you would have to have an income for the country.
Therefore, you would tax the citizens fairly and also build an infrastructure that generates revenue. Farming would be one of the first things you would establish, other industries would follow. Next, you would have to provide jobs for the people so you could tax them. Then you would establish a fair tax, a flat tax that everyone paid, even all businesses. This should provide the money to build more businesses that generate more money and help to build the infrastructure of the country. Once you have all this working, if you have excess revenues coming in, then you can think about other ways to spend it.
What about providing for the people who cannot work? Everyone should have some type of job, but should not be in a position where they cannot afford food or shelter. So you must establish some type of compassionate organization within your economy.
Notice that we haven’t said you need a military. Military spending is what cripples most economies, along with corporations that pay no taxes whatsoever and even receive bonuses for just for being in their country. This type of economy, where corporations and people do not pay their fair share and spending goes on wildly for things that are not needed like special programs for special people is what will ruin an economy quickly.
Giving all your money away to other countries will also cripple your economy and make it impossible to take care of the food, shelter, education and hospital needs of your own citizens. Just look at the unnecessary spending and taxes that are not collected in any country and you will see why some countries run a deficit or punish their people with austerity programs.
QUESTION: What should readers take away from this message today?
ANSWER: That most economies of countries are so out of balance and out of touch with the citizens it’s no wonder they don’t work.
QUESTION: Why is this information timely?
ANSWER: This information is timely because you see countries spending money on military build-ups and programs that waste taxpayers money every day.
QUESTION: How can readers best apply this information to their lives right now?
ANSWER: Start with building your own economy. Start with yourself individually, and then your family, and establish a budget and stick to it. Live modestly and do not spend frivolously.
COMMENTARY: New economies, your economy, take dedication and a passion for succeeding. That’s the critical part. The challenge comes when success occurs. With success comes greed and corruption. You become a target. Can you handle success? Can your partners handle it or will they become your weak link? It all starts with your underlying philosophy and early choices. Building a stable economy is one that is good for you and your family now and into the future. Shore up your economy by making wise choices in the beginning.