The Financial Victimization of Americans

The Financial Victimization of Americans

History is ignored and it has also been bastardized over the last 30 years. The American public has been faced with a media that long ago stopped reporting news and now pushes policy. While politics always has played a part in American development, it now has become an ideological campaign to indoctrinate societal norms. There is no greater daily fundamental to life then a surrounding economy.

People at all economic levels have been directly impacted by the severe lack of financial literacy education. Based upon our elected leaders it appears they also are subject to financial illiteracy. (Just consider the concept of a $20 min wage).

The talking heads often resort to class discrimination. They seem to beleive that success is not real important but some flawed concept of fairness is the most important deal. That simply leads to mediocrity and actually creates more wealth imbalance. The greatest maniplulation of American's financially is the US government. Here are several methods the government has used to financially victimize it's citizens.

  1. The creation of the department of education. This was taken right out of Orwell's works. The idea that the government was the best overseer of individual education was always doomed to fail. In it's evolution it had to become a process of indoctrination to diminish the greatest gift of being an American: the gift of independence. Education should always be a process of helping people learn how to think and never what to think. But we have now become a system that teaches what to think and punishes any independent thinking.
  2. The lack of financial literacy education. The education system has totally ignored financial literacy. Most likely by design as to ensure the continuation of generational poverty and governmental control. As an American citizen you have the ability to determine your own financial success. Of course you must take the risks, gain the knowledge and provide the discipline to enrich yourself. The government through the hidden taxation of regulations, the actual taxation of income and the total control of fiscal policy make it as hard as possible to succeed. Yet anyone can overcome these hurdles by the full focus of thought, creativity and perserverance.
  3. Of all the barriers to success the great financial victimization is the government handout. It's truly comparable to taking a favor from the mob. Once in you are never free and can never get out. About 70 years ago the government started the war on poverty which sadly became the genesis of generational poverty. Combining a lack of financial literacy education and providing basic needs to those who needed a hand up not a hand out started the long victimization of the most needful class in society. In this short overview it's impossible to cover this victimization. The government has furthur used the mechanism of inflation to steal from the American public. This tool is manipulated to redistribute wealth and control bsuiness. Again, too long a subject to fully cover.

In the 1980's the government created ERISA which was the second worst financial victimization of Americans. Another government handout (beware when the government is givimg you something) In this play Uncle Sam incentivized you to put away retirement dollars in exchange for a tax deduction. But the small print also demanded you put that money into certain investments, all of which favored Wall Street. So you entered into a partnership which was totally controlled by the government. This partnership sees the government determine the tax rate you must pay upon distribution of your savings, it determines when and how you can distribute your money. And in truth the government through regulatory powers can take total control of your money. This deal was akin to teaming up with a vampire and thinking you won't end up living eternally. In short the government got you to put money away with lower tax rate and a discounted deduction, in order to pay a future higher tax on the dollars you saved. Of course that higher taxation could easily eat up any gains you may made, yet those were probably already eaten up in fees and penalties. 401K BAD DEAL! It's financial victimization.

Is there a better way? Of course there is and you know who has long known about it? The wealthy, that's who. There are many tactics and strategies used by the wealthy which are also available to the middle class. But the education system, the lack of financial literacy education and the lack of advisory for the middle class has kept these strategies hidden. I have unlocked the formula and can show any middle class earner how to become financially independent. It does exist and it can be done. You do not have to continue being financially victimized. You can bet on yourself and break through.

www.middleclassmillionaireplan.com

Robert Patrick, RFC

Retirement/Legacy Planning Professional Serving The Small Business Community and Member of The Breakaway League

8 个月

You are exactly correct.

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