TennesseeTuxedo
March 8th, 2009, 12:37 AM
Going Galt - Wealth Producers Vs. Wealth Redistributors (http://beaconcast.com/articles/20090308_18)
I have frozen hiring in my firm. No investments will be made in taxable accounts only 401k/IRAs. I am buying silver and gold instead of CDs or stocks with non-qualified money and savings. I have stopped taking new clients, thus freezing my income. I barter more and more. Spend less. I stopped leveraging assets (don't borrow).
I have cut WAY back I'm no longer buying retail, driving out of a 10-mile radius, spending money on eating out or putting my money in a savings account. I am using the money to pay off all of our debt. It has made our family closer, more appreciative.
Another blogger wrote: Last year my family paid nearly $1,000 a month in federal taxes, and we are not by any stretch of the imagination rich. I'm going to make it my business to cut that amount in half, using every legal means possible and reducing my income so there is less to tax.
Obama's dream can be starved.
When you take away incentives to succeed, you leave entrepreneurs with no choice but to pack it in.
I have frozen hiring in my firm. No investments will be made in taxable accounts only 401k/IRAs. I am buying silver and gold instead of CDs or stocks with non-qualified money and savings. I have stopped taking new clients, thus freezing my income. I barter more and more. Spend less. I stopped leveraging assets (don't borrow).
I have cut WAY back I'm no longer buying retail, driving out of a 10-mile radius, spending money on eating out or putting my money in a savings account. I am using the money to pay off all of our debt. It has made our family closer, more appreciative.
Another blogger wrote: Last year my family paid nearly $1,000 a month in federal taxes, and we are not by any stretch of the imagination rich. I'm going to make it my business to cut that amount in half, using every legal means possible and reducing my income so there is less to tax.
Obama's dream can be starved.
When you take away incentives to succeed, you leave entrepreneurs with no choice but to pack it in.