[Dialup Llama]

>An economy's success is dependent on its ability to produce per capita income growth. Per capita income growth in the U.S. is under attack from two factors: The U.S. exports high-productivity jobs and imports low-productivity people.

There is so much wisdom here its hard to begin. The wealth in the US was created by a middle class which could earn and produce as well as spend. This only happens when you keep more than you need for expenses. Governments and companies have been targeting this 'excess' money for themselves. The result will be economic disaster.

[meadsjn]

A net-inporting, service-based economy is comparable to a mining town in which the mine has petered out, and the remaining wealth is circulated as it dwindles -- no new net wealth is generated. Assets are mortgaged or sold to support the daily consumption. Eventually the wealth is concentrated in the hands of the few worst characters in the town. The best analogy for a service-based economy is one based on prostitution and gambling.