A year later, any smarter?

Its been a little under a year since my last post. My original idea for this blog was to seek the truth about everything, I guess, I think that is something that every college age kid sets out to do and then realizes that it sounds stupid. Do you ever look back at what you wrote and think, man I was dumb? I guess that's good, maybe it means I am a little smarter now.

I have a couple of things I have been thinking about lately and I wanted to write them down:

Love of money and the image of money is killing Americans (or at least the American Dollar)- it doesn't take a genius to see that the people in our economy are starting to feel the repercussions of errant spending habits driven by the one-upers in todays society. Its a race to see who can drive the nicest car or live in the nicest house, biggest tv's, etc. Home foreclosures in Atlanta hit an all time high a month or so back, consumer debt is at an all time high. All of these things are leading to one big event. A major downturn in the economy. Which leads me to my next question.

Our tax system is hurting the economy and its dumb- Why do you have to hire a professional just to tell you how much you owe? George Washington would be ashamed. Why don’t we go to a flat sales tax and completely eliminate the income tax that we know. A sales tax would promote savings, and savings, not spending, is what ultimately will power the economy, and bring power back to the dollar. Money that is saved earns interest and the more interest earned the more money people have. The more money people have, the more buying potential, the more potential, the more people will be able to buy things. Who will suffer? The IRS, creditors, credit card companies, and banks that loan people money that can't afford it. Do I care if these people have a job? No. Could you imagine instead of -10% in interest that is paid in credit cards, Americans make 10% interest in the markets? That’s a 20% increase in wealth. We need to tax spending to promote savings, and instead of all the money we waste to operate the IRS, use those funds to educate Americans on investing and provide investment services.

The key to life?- there are many keys

Success is not something you have its something you do- Living successfully is something that you can do everyday, success breads good things and wealth. To be successful is to do the right thing.

Life is a series of healthy balances- this equilibrium must be obtained to enjoy life to its fullest. Play must be balanced with work, your diet must be balanced, financially you must balance spending with savings. Finding that perfect equilibrium, or close to it, will make life pretty sweet. Its the people that spend everything or save everything that don't have security or fun, its the kid that eats cake for breakfast that gets fat, and its the people that work all the time that die of a heart attack.

One key to life- always trying to do the right thing.