Thu 19 Jun 2008
Why Politics is Irrelevant to Personal Finance
Posted by RichSlick under MMO, Observations
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With a looming presidential election, more and more people are focusing on the differing strategies between the lead candidates in this years election and other political races but I honestly think that politics is wholly irrelevant to personal finance.
“But candidate X wants to raise taxes and candidate Y wants to cut taxes, it makes a difference!”, you shout.
I’ve lived through both democratic and republican administrations both through economic peaks and troughs to know that policies are mostly irrelevant.
Of course, this philosophy only depends on your personal attitude. If you’re a capitalist, you will seek and find opportunity no matter who’s in office, no matter what taxation system is in place and no matter what economic conditions exist because of or lack of presidential decisions.
In countries like communist China and former Soviet Union there were many wealthy people (capitalists) that thrived despite the environments they found themselves in. I’ll go further and say that if the ONLY way to achieve a comfortable/wealthy life in these communist countries were to become a member of the government then those people that sought out those offices were nothing more than ambitious capitalist working within the constraints of the communist political system to achieve their goals.
I can guarantee you that right now, there are wealthy people in places like Venezuela, Vietnam, and Middle East, to name a few, with uncomfortable and unfavorable capitalist environments but many thrive nonetheless.
So over the next few months we’ll see more and more economic and tax plans that favor one group or another; they’ll be endless debate and air time wasted on who’s right and who’s wrong. We’ll see bloggers debate pros and cons and some will spend hours crafting arguments in favor of one policy or candidate rather than another but at the end of the day, they’ll be irrelevant to a capitalist who’ll earn profits no matter the environment.
I won’t be focusing on the politics, policies or taxation, I’ll be focusing on my profits and when a decision is finally made, I’ll take a look at how I need to adjust my strategies to profit accordingly.Why Politics is Irrelevant to Personal Finance
























