PeakTrader.com

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PeakTrader said...

More Americans attending college, to add more future value to society, is one of the few bright spots in a generally dismal economy; where per capita real income should be $4,000 higher at this point in the recovery; $1 1/2 trillion annual budget deficits, which means more taxes and less benefits; substantially higher gasoline prices, due to a lack of domestic oil production, which may become worse, etc.

As the country becomes more like California, the working or middle class will suffer the most.

They'll work harder and longer for fewer and smaller assets and goods.

The rich will find ways to stay rich, or become richer, e.g. raising prices or hiring lawyers to pay little in taxes.

Like California, the country's production and finance will be driven away to other countries.

"Americanism" will continue to spread throughout the world, much like the U.S. military, and although the U.S. will remain the world's superpower, most of the domestic population, i.e. the middle and lower classes, will become poorer.