Lot’s of talk about the massive debt and who is to blame for it and companies moving overseas and job losses. But the reality is that the future is robots to replace humans – and jobs are going to go no matter what govt does. But if we have the right tax policy, companies and their tax revenue stay here. And our Govt should be figuring out how to employ human workers in this Brave New World. Can’t be good that half or more of the available workforce sits in front of a computer in their underwear and posts memes on social media instead of being productive. We are not there yet. Well, actually we probably are, but the BLS, Bureau of Labor Statistics, says a bit over 60% of the available workforce is employed. They might be technically employed, but my guess is that with so many in Tech and Media workers literally “phoning/texting” it in, we have more like half of America or less actually doing a full day’s work. And it is inevitable that sooner rather than later that actual number that BLS gives out will be less than 50% and falling. What happens then? Lot’s of rich folks will hire more body guards and build larger and larger gates to hide behind. Millions of illegals crossing a non border will keep coming unabated. Lot’s of Dreamers and perhaps even 16 year old’s will become Citizens and awarded the right to vote for Democrats and more welfare. What could go wrong with this arrangement: the very Rich and the very poor and an overworked ever dwindling middle class? Sounds like a Marxist heaven. Utopia. Dystopia would be what it actually is.
But it does seem as long as we have the Ponzi scheme known as deficit spending and accumulating Debt by selling off treasury bonds to China and other foreign govts, we can support wasteful spending – and support the massive welfare state. But one day that free ride will end. One day when the dollar is no longer the currency of record, the house of cards – that the Uniparty has built – which does include the Rino Department of Commerce “let’s send jobs overseas” sector of the GOP – will come down. Hope you have some savings and back up to weather that chaos. If you haven’t yet sunk to the level of serf and still have a piece of the former American dream – a home, I suggest you a build a good strong fence with a heavy gate, invest in gold, diamonds, exchangeable commodities, and make sure you have a good weapon or three with plenty of ammo when that day comes.