Thursday, February 19, 2009

John Galt Update

clipped from www.humanevents.com
A hidden effect of the November 4 elections and the national events that preceded them during this past year is perhaps best called the “John Galt Effect” in honor of Ayn Rand's famous character in Atlas Shrugged.  It is occurring to a very significant extent.
Without this small group of people, the technological attainments of their generations would not have taken place.
I own a small business ($30M) and can relate to this article. I am now spending about half of my time reallocating assets. I'm in a defensive mode, preparing for the upcoming increases in regulations and taxes. By their actions, our governments prove they hate producers, which makes sense (in a perverted way) when you think about it: most politicians wouldn't be (or weren't) successful as business owners. They think that producers must have cheated or lied in order to gain their wealth, hence the special regulations that politicians only apply to them.