Tuesday, July 8, 2014

Why Nation States Are Doomed To Failure

Nation states are doomed to failure for at least two important reasons:

(1) Their tax base is falling to zero. Corporations (which have most or all of the world's wealth) have moved "offshore" to avoid taxation:

http://www.bloomberg.com/news/2014-07-08/tax-runaways-win-billions-in-u-s-contracts-despite-bans.html

(2) Their fiscal obligations continue to climb. The world is clogged with refugees (a.k.a. useless eaters) whom the nation states must now support:

http://www.spiegel.de/international/germany/surge-in-refugees-catches-german-leaders-off-guard-a-979633.html

Search the web and you can find myriad examples of these two converging problems.

For a while, nation states will continue to print money ("monetize" their debt) to address the crisis. When that no longer works, they will seize private assets (the "wealth tax"). And when that last jackpot has been squandered, what will they do?

They will wither and die, to be replaced by "market states".

At that point, you won't have to "work" but you won't have any way to "live", either. We can all become subsistence farmers, but as you may know that won't pay the bills.

By the way, all those borders crashers Obama ad-Dajjal is coddling are now eligible for free medical, food, driver's licenses, etc.  The population of Mexico is 120 million. When that mass of people is assimilated into the former USA, causing the rest of us to provide them with this upgraded standard of living, the remaining US economy will be crushed.

Get the picture? Do you still think that Obama ad-Dajjal and his minions are not destroying your nation?

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