Based on recent events in our economy and what appears to be an administration bent on destroying our capitalistic system, it seems that Ayn Rand was way ahead of her times when she wrote her fiction novel “Atlas Shrugged”.
If you have not read this book… you should.
While written in 1957, it seems to have captured the essence of some of the very things our nation is being confronted with today… primarily that there has been an ever-increasing group of people (looters or non-producers) who are willing with a straight face to live off of the efforts of an ever-decreasing number of (producers or creators). And the differences in these two groups are being exploited by a very vocal group lead by our current administration.
If you are confused about what I am talking about, consider that, just this past weekend, the House of Representatives passed a $1,200,000,000,0000.00 (that’s a lot of zeros) health care plan. While the objective is noble so far the approach (this plan) is both heavy handed and it stinks!
In addition, everything coming from Washington today only reinforces the notion that you and I will have ample opportunity as real estate investors to fork over our hard-earned income and profits, via increased taxes and reduced deductions, to those who choose not to take the risks and reap the rewards of their efforts. While this group of “looters” quite frankly expects that they deserve the fruits of our labors without so much as raising a hand to help.
So… where am I going with this?
Well, I have been thinking seriously about going “John Galt!” If you don’t know what that means, read the book… or Google it. I will share with you that, essentially, it means cutting back, doing nothing to support the economy, going off-grid and reducing my income and TAXES to the lowest level possible.
Sounds great doesn’t it? But I am not willing to that!
Instead, I am proposing something totally contrary to a rapidly-growing movement. What I am proposing is that if we, you and I, want our economy to survive and recover in spite of all of the challenges thrown in front of us… then we must ensure that our small real estate businesses thrive and prosper. As that is the only way to get us out of this hole we find ourselves in and possibly beat back this assault on our economy.
I recently did a podcast regarding the impact each of us as real estate investors has on our local economy every time you buy, or rehab or rent a property. It is staggering when you think about it!
So… instead of going “GALT” I encourage each of you to step up to the plate, do what you can to support your local economy, and unabashedly claim your well deserved profits.
To Your Success…