It doesn't matter.

Norm Stansfield

私は亀が好きだ。
Mar 17, 2009
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#1
I figured I should cheer all the Romney fans up a bit. The truth is that
It doesn't matter.

Simon Black on November 6, 2012,
Dallas, Texas.

It’s really hard to ignore what’s happening today; the election phenomenon is global.

Over the last several weeks, I’ve traveled to so many countries, and EVERYWHERE it seems, the US presidential election is big news. Even when I was in Myanmar ten days ago, local pundits were engaged in the Obamney debate. Chile. Spain. Germany. Finland. Hong Kong. Thailand. Singapore. It was inescapable.

The entire world seems fixated on this belief that it actually matters who becomes the President of the United States anymore… or that one of these two guys is going to ‘fix’ things.

Fact is, it doesn’t matter. Not one bit. And I’ll show you mathematically:

1) When the US federal government spends money, expenses are officially categorized in three different ways.

Discretionary spending includes nearly everything we think of related to government– the US military, Air Force One, the Department of Homeland Security, TSA agents who sexually assault passengers, etc.

Mandatory spending includes entitlements like Medicare, Social Security, VA benefits, etc. which are REQUIRED by law to be paid.

The final category is interest on the debt. It is non-negotiable.

Mandatory spending and debt interest go out the door automatically. It’s like having your mortgage payment autodrafted from your bank account– Congress doesn’t even see the money, it’s automatically deducted.

2) With the rise of baby boomer entitlements and steady increase in overall debt levels, mandatory spending and interest payments have exploded in recent years. In fact, the Congressional Budget Office predicted in 2010 that the US government’s TOTAL revenue would be exceeded by mandatory spending and interest expense within 15-years.

That’s a scary thought. Except it happened the very next year.

3) In Fiscal Year 2011, the federal government collected $2.303 trillion in tax revenue. Interest on the debt that year totaled $454.4 billion, and mandatory spending totaled $2,025 billion. In sum, mandatory spending plus debt interest totaled $2.479 trillion… exceeding total revenue by $176.4 billion.

For Fiscal Year 2012 which just ended 37 days ago, that shortfall increased 43% to $251.8 billion.

In other words, they could cut the entirety of the Federal Government’s discretionary budget– no more military, SEC, FBI, EPA, TSA, DHS, IRS, etc.– and they would still be in the hole by a quarter of a trillion dollars.

4) Raising taxes won’t help. Since the end of World War II, tax receipts in the US have averaged 17.7% of GDP in a very tight range. The low has been 14.4% of GDP, and the high has been 20.6% of GDP.

During that period, however, tax rates have been all over the board. Individual rates have ranged from 10% to 91%. Corporate rates from 15% to 53%. Gift taxes, estate taxes, etc. have all varied. And yet, total tax revenue has stayed nearly constant at 17.7% of GDP.

It doesn’t matter how much they increase tax rates– they won’t collect any more money.

5) GDP growth prospects are tepid at best. Facing so many headwinds like quickening inflation, an enormous debt load, and debilitating regulatory burdens, the US economy is barely keeping pace with population growth.

6) The only thing registering any meaningful growth in the US is the national debt. It took over 200 years for the US government to accumulate its first trillion dollars in debt. It took just 286 days to accumulate the most recent trillion (from $15 trillion to $16 trillion).

Last month alone, the first full month of Fiscal Year 2013, the US government accumulated nearly $200 billion in new debt– 20% of the way to a fresh trillion in just 31 days.

7) Not to mention, the numbers will only continue to get worse. 10,000 people each day begin receiving mandatory entitlements. Fewer people remain behind to pay into the system. The debt keeps rising, and interest payments will continue rising.

8) Curiously, a series of polls taken by ABC News/Washington Post and NBC News/Wall Street Journal show that while 80% of Americans are concerned about the debt, roughly the same amount (78%) oppose cutbacks to mandatory entitlements like Medicare.

9) Bottom line, the US government is legally bound to spend more money on mandatory entitlements and interest than it can raise in tax revenue. It won’t make a difference how high they raise taxes, or even if they cut everything else that remains in government as we know it.

This is not a political problem, it’s a mathematical one. Facts are facts, no matter how uncomfortable they may be. Today’s election is merely a choice of who is going to captain the sinking Titanic.
http://www.sovereignman.com/expat/i-apologize-for-what-youre-about-to-read-9397/

So just get a passport, and follow this guy's lead. Not because Obama won, but because of every single President since the beginning of the last century. The country has been broken for a while now, and time's almost up.

If you plan on paying into the system for the next 40 years, go ahead. But don't expect to get anything back when you retire. If you want to retire, you should save yourself. Preferably by working in a country without social security.
 

lajikal

Registered User
Aug 6, 2009
16,702
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#3
Stock market is looking red across the board. Guessing that's supposed to happen after an election.
 

MrAbovePar

En Taro Anthony
Mar 14, 2005
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#4
White people have destroyed this country. Don't worry, the people who truly built America will surely rebuild it.
 

LiddyRules

I'm Gonna Be The Bestest Pilot In The Whole Galaxy
Jun 1, 2005
144,397
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#5
Serious question. What would be the best country to move to, since you really don't hear good news coming from any corner of the world.
 

DrewDown

All are welcome
May 3, 2010
10,508
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#7
I seem to remember an interview with Ringo or some such rich Englishman where he talked about living on a tropical island because of the high taxes everywhere else. I forget where it was, but it sounded nice.

I know that Dave Lister always wanted to move to Fiji with his cat and Kochansky, if that helps at all. I don't know much about Fiji these days.
 

THE FEZ MAN

as a matter of fact i dont have 5$
Aug 23, 2002
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#8
One of the socialist . Nordic countries or try and lay low in a warm third world shit hole
 

Larz

****Self-Banned****
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Feb 12, 2006
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NYC E. Village, No Homo
#9

MrAbovePar

En Taro Anthony
Mar 14, 2005
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Covington. La
#10
Out of curiosity where do you intend to go? The entire western world is in the same boat or worse whether you look at debt as a % of GDP or per capita.
I think the thinking is that if we're going to go socialist we may as well do it in an area where we don't have to worry about getting beaten and killed by the people robbing us. You know, a nicer class of crook.
 

Cunt Smasher

Caligula Jr.
Aug 26, 2005
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#12
Someplace self sufficient, as much as possible. Islands have to import sooo much stuff. Maybe Chile, or Czech Republic.
 

Larz

****Self-Banned****
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#13
I think the thinking is that if we're going to go socialist we may as well do it in an area where we don't have to worry about getting beaten and killed by the people robbing us. You know, a nicer class of crook.

Europe is more white and tends to have lower crime however...

Income Taxes= same as U.S. or higher
VAT= on top of income taxes = much higher cost of living

As an example.. Norway is a massive net oil exporter relative to population size and yet gas costs $10+/Gallon.
Granted you get the deluxe nanny state treatment with "Free" everything and a very white (albeit declining) population... but there are plenty issues.
 

Larz

****Self-Banned****
It's My Birthday!
Feb 12, 2006
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#17
Well then of the countries I've been to here is my top 5 worthless ranking of hot blonde chick nations...

1) Austraila (coastal): They're just in phenomenal shape
2) Iceland: Unique facial features
3) Netherlands: Long legged
4) Sweden/Finland: Sheer purity
5) Northern Poland- Huge Tits

6) Estonia: Honorable mention (kind of a southern Finland)
 

THE FEZ MAN

as a matter of fact i dont have 5$
Aug 23, 2002
43,626
10,119
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#18
Mmmmmmm big polish tits
 

Norm Stansfield

私は亀が好きだ。
Mar 17, 2009
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#19
Serious question. What would be the best country to move to, since you really don't hear good news coming from any corner of the world.
Depends on what you're trying to do. If you're looking for a relatively free country with a great economy and a solid judiciary, Singapore and Hong Kong are great.

Hong Kong has had 4% yearly growth over the past five years, 7% last year, unemployment is around 3.5%, inflation 2.5%, income tax 15%.

Singapore's economy grew by 4.8% last year and 15% in 2010 (6.5% on average, past five years), unemployment is 2.1%, inflation 2.8%, income tax 20%. Singapore has an open market (no tariffs whatsoever for most imported goods and services). Both governments spend within their means, keeping debt to a minimum. So none of that growth comes from the government borrowing and wasting money, it comes from the private sector. I'd say that's some pretty good news.

If you don't mind fascism and corruption, China's economic growth has been above 10% for the past five year average, unemployment is at 4%, inflation 3.3%. India is growing almost as fast. Same with a few other developing countries. But taxes are going to keep going up, and government spending is going to grow even faster, entering dangerous territory in both countries. Some of that growth is because of government over-spending. That's more mixed news than good, and they will eventually run into trouble similar to the US and Europe. That's unavoidable, it happened to every country that's been following this pattern of over-spending to produce growth. It just doesn't work. But they're not there yet.
 

KRSOne

Registered User
Dec 8, 2011
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#20
Serious question. What would be the best country to move to, since you really don't hear good news coming from any corner of the world.
Brazil or Switzerland.

The only reason it mattered is because it showed the mentality of the masses, they want a guy who says you didn't build that, they want a guy who demonizes individuality and praises collectivism during his victory speech.
 

Norm Stansfield

私は亀が好きだ。
Mar 17, 2009
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#21
and this too.. all industrialized/western countries are socialist.
Hong Kong and Singapore are two industrialized countries that aren't socialist. Japan is also nowhere near as socialist as Europe.
 
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Norm Stansfield

私は亀が好きだ。
Mar 17, 2009
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#22
Brazil or Switzerland.

The only reason it mattered is because it showed the mentality of the masses, they want a guy who says you didn't build that, they want a guy who demonizes individuality and praises collectivism during his victory speech.
Brazil is exactly in the same position as India, economically. Corrupt and fascist, and they are spending more than they can possibly collect in taxes.

On top of that, the odds of making something of yourself and being allowed to actually keep your property are slim to none. At least that probably won't happen to you in India or China.

Besides, as a conspiracy nut, your best bet is staying put. The US is the only country that doesn't punish trolling.
 
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Cunt Smasher

Caligula Jr.
Aug 26, 2005
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#23
I thought Singapore was at least partially Muslim, and had some religious laws? I could be wrong, but didn't Ray Bradbury live there?
 

Norm Stansfield

私は亀が好きだ。
Mar 17, 2009
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#24
I thought Singapore was at least partially Muslim, and had some religious laws? I could be wrong, but didn't Ray Bradbury live there?
They're mostly Buddhists, so, unless being annoyingly calm became mandatory and I haven't heard, they probably don't have any religious laws. They do have crazy drug laws.