Originally posted by: randomlinh
Originally posted by: Dissipate
Why is it bad to not vote? Instead of spending your time getting caught up in politics, which is a bullshit circus of corruption, lies, and wasteful bureaucracy you could be out saving, investing and or building a business.
I guess it's the idealistic side of me weighing in on it... possibly overly idealistic. I've personally hated politics because of all the bullshit and mudslinging that is always associated with it. But it's hard not to think about it given the last 8yrs of fun we've had.
what if the status quo gets worse? would you just get up and leave instead?
I have plans to leave the U.S. in the future, yes. But not until I have built a significant amount of wealth.
I'll let you in a secret: if you are wealthy politics don't really matter that much. The reason why is that you have financial freedom, and that almost always trumps political freedom. It gives you the means to move wherever you want and protect yourself from recessions/depressions. If things got really bad In the U.S. for instance you could simply move to any number of the other 200 countries out there. And many other countries would be willing to let you in because of your wealth.
Also, another secret: if you accumulate wealth over a long period of time, you will continuously decrease the the total percentage of your wealth that is taken away in taxes. The people who really fund the government are the ones who may have high incomes, but spend it on high consumption products instead of saving and investing over a long period of time. This is all revealed in the book
The Millionaire Next Door. The statistics/facts in that book are actually quite shocking.
The people who get hit really hard on taxes are the ones who make six figures, but don't save and invest any of it. They end up paying a huge percentage of their total wealth in taxes, since their only source of wealth is their income.
Bottom line: financial independence and wealth trumps anything going on in the political circus.