Rich Dad / Robert Kiyosaki Blog

May 15, 2009

Robert Kiyosaki / Rich Dad Bulletin 4

Filed under: Articles — Tags: , — ~ @ 12:29 am

TOO MUCH WELFARE FOR THE RICH 

In their book the Sovereign Individual, Davidson and Lord Rees-Mogg state that America will begin to decline in the next few years simply because we have become a large welfare state, with everyone expecting the government to take care of them when the going gets tough. In writing this book, they were not referring to the poor people on welfare. They were referring to the millions and millions of people and businesses who have come to expect the government to take care of them. This group includes the millions of government employees who are now retired, people who depend upon Social Security, Medicare, and the large businesses that expect the federal government to bail them out when they get in trouble.
Soon after the World Trade Center disaster, the words of Davidson and Rees-Mogg came true again. Immediately after the disaster, all of the major airlines went begging for money from the federal government. While they blamed the tragic event, the facts are that many of these airlines were in financial trouble even before September 11th. The tragic event just gave them an excuse to ask for more federal welfare money.
This government welfare mentality is one of the reasons Davidson and Rees-Mogg predict that America will be in financial trouble. We simply have too many people with the “take care of me” mentality.
In the coming months, more and more people and companies will be coming forward asking the state and federal government for some form of welfare. This government welfare mentality is one of the reasons Davidson and Rees-Mogg predict that America will be in financial trouble. We simply have too many people with the “take care of me” mentality. In other words, according to Davidson and Ree-Mogg, what will bring our country down is not terrorists from the outside. What will bring America down is financial weakness from the inside. Simply put we have too many rich people on welfare.
Davidson and Ress-Mogg predict that the government will do two things to counter the demands of millions of people needing government welfare. One, the government will increase taxes on those that do have money and two, the government will print more money. Both actions will greatly damage the financial well-being of those that legitimately try to be financially responsible and not expect a government hand out.
The people that will be punished by taxes are the hard working people who are financially    responsible and who pay their taxes.
 
According to Davidson and Rees-Mogg, more and more of the rich and financially astute will seek governments that are respectful of those that are financially responsible and avoid governments that punish the rich. As most of you know, that is going on more and more. One of the reasons the State of Nevada is such a popular state for the rich is simply because Nevada protects the rich from the Federal Government. 
According to Davidson and Rees-Mogg, the future of business will be found not in a different state or a different country offshore. According to these two futurists, the new offshore will be in cyber-space…into a world where governments cannot pry. I am not saying this is true or not, nor do I recommend doing anything that breaks the laws of this country or any country. Their point is that the people that will be punished by taxes are the hard working people who are financially responsible and who pay their taxes.
The reason I bring this up is because you do not have to break the law to minimize your tax exposure. You can do it legally if you have the proper legal and accounting advice. At the 3-Day Advanced Investing Strategies program, you will meet with my tax and corporate advisors from Nevada. By learning from them, you will learn how the rich legally minimize and control their tax bills. 
As many of you know, the people who pay the most taxes are people who have jobs and own homes. As America becomes more desperate for taxes, it is these people that will carry the heaviest tax load. In the near future, not only will it be risky to have a job, it will be very expensive…because taxes are our single largest expense.
It’s not time to work hard, earn money, and give it to the rich who are on welfare, it is not financially intelligent…not to me at least. Why should I bail out the owners of the airlines? I believe in paying my fair share of taxes but I do not want to pay for people who mismanage their businesses and expect the government to bail them out. What would you think of me if I expected the government to take care of me?
Regardless if you agree with me or not on the government bailing out the airlines, the fact remains that if you do nothing and remain uneducated about taxes, the chances are you will be taxed to financial death. In the near future, you will probably work harder and harder and pay more and more in taxes. To me, that is not being financially intelligent.
Years ago, my poor dad said,
“The rich exploit people. The government protects the poor and working class from the rich.” My rich dad saw it the other way. My rich dad said, “If you want to be rich, you need to protect yourself from those who believe in taking from the rich and giving to the poor. The reason is because the poor never get the money. The only people that get the money are those that take the money.”
… the average 50 year old male in America will have paid over $500,000 in taxes and have less than $5,000 in savings
In the coming years, as America becomes more of welfare state, the battle will be over taxes. If you want to do better in the future, you need to protect yourself from those who believe in taking from the rich and lining their own pockets. Always remember that taxes are your single largest expense. According to my accountant Diane Kennedy, the average 50 year old male in America will have paid over $500,000 in taxes and have less than $5,000 in savings. If that is not highway robbery, then stand by. Taxes for the unprotected and uneducated will get worse in the future of business.
As I said, I do not mind paying my fair share of taxes. But to pay for the mistakes of the rich is not fair…not to me at least. If you are ready to take control of your financial future, you will need to take control over the taxes you pay. These new products will teach you how.
Thank you for reading this bulletin. This is the 4th out of 4. I trust it has been informative and give you an insight into what you can expect to learn from my tapes and books. As I wrote earlier, I decided to write these bulletins after the events on September 11, 2001. After that tragic day, you and I need to be even more financially educated, if we are to have a bright and prosperous financial future. Regardless if you buy my tapes or books, I wish you all the best and thank you for taking an interest in my work and your education.
All the best to you,
Robert Kiyosaki
 

In their book the Sovereign Individual, Davidson and Lord Rees-Mogg state that America will begin to decline in the next few years simply because we have become a large welfare state, with everyone expecting the government to take care of them

when the going gets tough. In writing this book, they were not referring to the poor people on welfare. They were referring to the millions and millions of people and businesses who have come to expect the government to take care of them. This group includes the millions of government employees who are now retired, people who depend upon Social Security, Medicare, and the large businesses that expect the federal government to bail them out when they get in trouble.

Soon after the World Trade Center disaster, the words of Davidson and Rees-Mogg came true again. Immediately after the disaster, all of the major airlines went begging for money from the federal government. While they blamed the tragic event, the facts are that many of these airlines were in financial trouble even before September 11th. The tragic event just gave them an excuse to ask for more federal welfare money.

This government welfare mentality is one of the reasons Davidson and Rees-Mogg predict that America will be in financial trouble. We simply have too many people with the “take care of me” mentality.

In the coming months, more and more people and companies will be coming forward asking the state and federal government for some form of welfare. This government welfare mentality is one of the reasons Davidson and Rees-Mogg predict that America will be in financial trouble. We simply have too many people with the “take care of me” mentality. In other words, according to Davidson and Ree-Mogg, what will bring our country down is not terrorists from the outside. What will bring America down is financial weakness from the inside. Simply put we have too many rich people on welfare.

Davidson and Ress-Mogg predict that the government will do two things to counter the demands of millions of people needing government welfare. One, the government will increase taxes on those that do have money and two, the government will print more money. Both actions will greatly damage the financial well-being of those that legitimately try to be financially responsible and not expect a government hand out.

The people that will be punished by taxes are the hard working people who are financially responsible and who pay their taxes.

According to Davidson and Rees-Mogg, more and more of the rich and financially astute will seek governments that are respectful of those that are financially responsible and avoid governments that punish the rich. As most of you know, that is going on more and more. One of the reasons the State of Nevada is such a popular state for the rich is simply because Nevada protects the rich from the Federal Government. 

According to Davidson and Rees-Mogg, the future of business will be found not in a different state or a different country offshore. According to these two futurists, the new offshore will be in cyber-space…into a world where governments cannot pry. I am not saying this is true or not, nor do I recommend doing anything that breaks the laws of this country or any country. Their point is that the people that will be punished by taxes are the hard working people who are financially responsible and who pay their taxes.

The reason I bring this up is because you do not have to break the law to minimize your tax exposure. You can do it legally if you have the proper legal and accounting advice. At the 3-Day Advanced Investing Strategies program, you will meet with my tax and corporate advisors from Nevada. By learning from them, you will learn how the rich legally minimize and control their tax bills. 

As many of you know, the people who pay the most taxes are people who have jobs and own homes. As America becomes more desperate for taxes, it is these people that will carry the heaviest tax load. In the near future, not only will it be risky to have a job, it will be very expensive…because taxes are our single largest expense.

It’s not time to work hard, earn money, and give it to the rich who are on welfare, it is not financially intelligent…not to me at least. Why should I bail out the owners of the airlines? I believe in paying my fair share of taxes but I do not want to pay for people who mismanage their businesses and expect the government to bail them out. What would you think of me if I expected the government to take care of me?

Regardless if you agree with me or not on the government bailing out the airlines, the fact remains that if you do nothing and remain uneducated about taxes, the chances are you will be taxed to financial death. In the near future, you will probably work harder and harder and pay more and more in taxes. To me, that is not being financially intelligent.

Years ago, my poor dad said, “The rich exploit people. The government protects the poor and working class from the rich.” My rich dad saw it the other way. My rich dad said, “If you want to be rich, you need to protect yourself from those who believe in taking from the rich and giving to the poor. The reason is because the poor never get the money. The only people that get the money are those that take the money.”

… the average 50 year old male in America will have paid over $500,000 in taxes and have less than $5,000 in savings.

In the coming years, as America becomes more of welfare state, the battle will be over taxes. If you want to do better in the future, you need to protect yourself from those who believe in taking from the rich and lining their own pockets. Always remember that taxes are your single largest expense. According to my accountant Diane Kennedy, the average 50 year old male in America will have paid over $500,000 in taxes and have less than $5,000 in savings. If that is not highway robbery, then stand by. Taxes for the unprotected and uneducated will get worse in the future of business.

As I said, I do not mind paying my fair share of taxes. But to pay for the mistakes of the rich is not fair…not to me at least. If you are ready to take control of your financial future, you will need to take control over the taxes you pay. These new products will teach you how.

Thank you for reading this bulletin. This is the 4th out of 4. I trust it has been informative and give you an insight into what you can expect to learn from my tapes and books. As I wrote earlier, I decided to write these bulletins after the events on September 11, 2001. After that tragic day, you and I need to be even more financially educated, if we are to have a bright and prosperous financial future. Regardless if you buy my tapes or books, I wish you all the best and thank you for taking an interest in my work and your education.

All the best to you,
Robert Kiyosaki

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