. . . "old Westerns on the TV . . ."
Well that was certainly a different time. Many of us kids I think learned something resembling a moral code or at least appropriate codes of conduct from watching Saturday afternoon heroes on the "local stations"
Posted on 11/12/2012 7:09:17 AM PST by AdaGray
“Going Galt” is the extreme case of the definition of economics: the effects of incentives and disincentives. Today, the most important part of this extreme form of disincentives will be the loss of one’s capital or assets.
Prepare for HUGE inflation when/if the economy slows its decline. The difficulty is that our current governments (elected officials and their appointed judges—from city to state to federal level) have NO respect for property rights. What they see or what’s pinned down (real estate) can be taken—by force or by inflation (most likely case).
If an asset rises in value from $100K to $1 million (in tomorrow’s money) and you sell it in the market place, you are likely then to be forced to pay a tax for your “gains” you will be going backwards in real money. This is what is facing corporations and us today. Inflation is a silent confiscation of wealth.
1. Congratulations. 2. Welcome to the party. 3. Ignore the naysayers, who are chicken to do anything about the current situation but post meaningless snark.
I went Galt in 2008. By the way Atlas readers, the definition of going Galt has changed. You don’t like it, too bad. It means what WE say it means as we are the ones doing it. Going Galt now means resisting the govt by pulling back on business actvity since business activity is not rewarded in this country at this time.
We dont’ have to copy to the extremes of a fantasy novel to participate in this movement. More small businesses are joining daily.
In 2008 I had my wife retire. I shut down my land development business, sold off some real estate while keeping real estate useful for the long term. I cut my income by about 70%, and stopped most of my business
activity. I had been preparing for this for years as the coming problems were evident long before Obama.
Our new, simpler life is fantastic. We moved to a small rural town where people actually help each other. No more of this living in a big city where most are anonymous and selfish.
“Starve the beast” could also serve as a name for this movement, but the name isn’t what is important. The actions are what’s important. The govt is getting a lot less money out of me because I don’t make a high income or spend a lot of money now. I’m a losing proposition for the govt now, and I’ll stay this way until I see opportunities to use my resources for profit.
I have sold almost all stocks, keeping a few big dividend payers. I used to have three cars for two people and replace a car every few years. We drive abotu half the miles we used to drive, paying less gas tax and saving a lot of money on gas and car maintenace.
Our spending is down, our quality of life is way up. Instead of watching weirdos in the city, we watch deer in our yard, and have eagles flying overhead.
Big cities are unliveable now. In our town you don’t even put on your seatbelt unless you get on the highway to go somewhere else. We have no “rush hour” which had become an all-day affair in our former city life.
TV? Haven’t watch much besides local news and a little football in years.
Join us, small business people. The real secret to this movement is to get out of cities and move to small towns.
It still feels like America here.
Good description of what I've been feeling!
My idea of going Galt is just to spend money only on absolutely necessary expenses. Spend only on food , drink water from the tap, food only of mostly red beans and rice, no movies and useless crap and especially no sports events( they give us circuses to keep us distracted). If we did that then this economy would collapse and we get rid of this marxist (it may be the only way as they will find a way for a 3rd term).Going Galt is a good idea for all of us , half of the country , who voted against this evil communist Marxist Obama . We also can save money that way, a lot of it.
I think he is saying that Obama’s and Liberal policies in general has caused him to have a decreased incentive to:
1) Save, invest, and produce for a hostile economy, and increase incentive to hoard
2) increase productive expenditure
3) increase demand for labor
4) increase wage rates
5) increase employment
6) personally spend and consume
This will have a Galt-like effect on the economy if many people start doing this.
AdaGray: You are not alone. Here is my farewell.
I am emotionally removing myself from the political grid and as much from the machine as possible. I’ve deleted my hyperlinks for polical websites and talk shows. FR is next. All MSM blocked. We now live under a tyrannical dictatorship where elections are stolen in plain sight. I choose not to be emotionally or financially engaged in such a system. If/when GOP acknowledges what happened, I will then listen. Until then....I’m out.
Other things I’m doing:
1. Invest in Income and Value Funds into Retirement Only Accounts
(i.e. VWINX, MGC, PTTDX)
2. Invest in Growth only etf’s in Brokerage (low yielding divided, high growth) - no dividend taxes.
HOLD Forever (i.e. VOOG)
3. Maximize 401k/403B AND HSA (2013 limits)
H.S.A $6,000 (plan specific)
401k $17,500
If GRA’s are discussed, I’ll pull money and pay penalty.
4. Operate minority run business at a loss
5. Fight with Tax assessor to reduce value of home
6. Buy “off the grid” Craigslist, yard sales, farmer’s markets
7. Contribute to the Catholic Church..and pick up the subsidy in Catholic schools for kids
8. Sell stuff @ Yard Sales
9. ...other tactics will come
I feel better already.
Flame away.
Well, Bye.
“Hey, serious earthquake in my area; anyone feel it?” Even then, I’d probably wait to see if someone posted first.
Ummm - close, but no.
True, Francisco “setup” Taggart and the other moochers - but not overtly. That is, he knew who was investing - but did not seek investors. Taggart and the other dupes were sure that D’Aconia stock was a good investment, but often they would buy his stock via proxies.
And you may recall Francisco, in his last night of weakness, begging Dagney to save him (from who or what he wouldn’t tell her) - this after meeting with John in New York who persuaded Francisco that it was time to “go Galt”...
and not to belabor the point; when he left, Galt did not destroy the motor prototype that he originally developed at 20th century. As he explained to Dagny later, “it was his employer’s property”...
I have been “living like no one else” for about 5.5 years now, so my economic footprint can’t get much smaller. However, I am mere weeks from being done with my mortgage and as a result I was starting a “spending list” on projects, major purchases, etc. That list was forecasting that I would spend about $48K over the next 2 years. Well, that list has been scrapped and minimized. I must fix my front porch to stay out of the view of the city inspectors! Other than that, I will spend nothing more.
Do any FReepers have a used Laptop for sale? MI FReepers in SEMI, anyone have a couch they want to sell?
He could run like a deer as well. Catch anything within a mile.
I think it’s nice when someone remembers a player fondly after so long. I didn’t see much football after I left for college in 1984, but I spent many afternoons ironing while my father cleaned his guns, polished his shoes, or studied nuclear weapons manuals. Saturday afternoons were old Westerns on the local tv station that you had to have the rabbit-ears antenna for, and Sundays were football.
. . . "old Westerns on the TV . . ."
Well that was certainly a different time. Many of us kids I think learned something resembling a moral code or at least appropriate codes of conduct from watching Saturday afternoon heroes on the "local stations"
We have all the John Wayne movies on DVD now ;-).
The local station on Saturdays had “Big Valley,” “Rawhide,” “Cheyenne,” “Lancer,” and other mostly-forgotten tv series. “Alias Smith and Jones” was one of my favorites; Zot, they were dumb!
Big Valley and The High Chapparal were my favorites. High Chapparal because it was filmed almost entirely at Old Tucson Studios - a lot of outdoor filming. Also Cameron Mitchell really anchored a great cast plus many A list film directors made “guest” director episodes. Compare to some of the more well known series like Bonanza or Bat Masterson - High Chapparal had way more authentic costumes and stories. The headgear for Bonanza was really kind of lame - IMO
I was also a big The Cisco Kid fan. Leo Carillo who played Pancho was a local hero and a fine actor.
Also loved Daniel Boone and Cheyenne.
“Big Valley” had a terrific cast; Jared was my favorite character, because he was so nerdy. “High Chapparal” wasn’t on as often - there must have been fewer episodes in the archive.
I use Westerns for lots of moral lessons in my family. When Anoreth was little, she thought my father had been in the Civil War with John Wayne. “Granddad, do you still have the horse you rode in the war?”
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