The Biggest Threat to Your Wealth
Some days don’t go as planned.
I was halfway through writing today’s essay when I got an email from a reader.
It’s too good of a topic not to share with you right away. (I’ll save the other piece for another day.)
Here’s the email… from Reader S.F…
Is it possible to not spread your political views in this financial newsletter? Not everyone, myself included, agrees with your political views.
No, it is not.
Money and Power
It’s not because we’re a political zealot. We’re not. We wish it’d all go away.
And it’s not because we’re extreme on either end of the political spectrum. We’re not. We know that nuts fall on both sides of the tree.
We can’t help but “spread our political views” in a financial newsletter because it’s those damned politicians who control our financial fortunes.
We got in trouble when we said it a decade ago, but we’ll say it again today. The biggest threat to our wealth is the folks in Washington… no matter which side of the aisle they sit on.
Trillion-dollar stimulus deals…
(It’s now been handed out by every administration since G.W. Bush…)
The new threat of unrealized capital gains taxes…
Distorting subsidies for this… that… and everything else the free market wants nothing to do with…
Lousy trade deals…
And, oh yeah, wars…
How in the world can we tell somebody the very best way to invest… and ignore all this?
We’d be sending readers into a lion’s den with a T-bone tied around their neck.
Power vs. the Truth
Our elected leaders aren’t telling the truth. They’re too busy putting lipstick on their pork to tell their constituents what the real effects of their legislation will be.
What a lovely world it would be if the truth reigned free…
“Indeed, we’ll pay working Americans $1,200 today,” our leaders would say, “but it will come at the cost of the nation’s economic superiority and your children’s hard work. The inflation is going to hurt.”
Or maybe this…
“I voted for this budget-busting plan against my conscience,” they’d admit, “but have you seen the health plan congressmen get? I want to keep it.”
“Of course I went to Cancún,” they’d brag. “I’ve got more money than those poor dopes in Texas. Más tequila, por favor.”
But here’s what we’ve learned…
The truth can’t afford the Beltway’s tolls. It merely circles Washington, where folks like us put it on our shoulders and let it peep in over Capitol Hill’s new razor-wire fence.
But even if we woke up tomorrow and found all that had changed… there’s something else in that innocent-sounding note above.
It’s the perverse and pervasive idea going around these days that sounds like this…
“I don’t like what you’re saying, so shut up.”
If we had to write to an audience that agreed with everything we said, not only would it be a small audience, our writing would also be too boring to get up each morning and do.
We wouldn’t be doing anybody any good.
It was Friedrich Nietzsche who advised, “The man of knowledge must be able not only to love his enemies but also to hate his friends.”
And it was Oscar Wilde who said, “I choose my friends for their good looks, my acquaintances for their good characters, and my enemies for their good intellects.”
Let’s be clear… Nobody is here for our good looks.
But, darn it, what fun is it if we aren’t challenging our minds each day?
Our words aren’t our politics… Politics is the art of scheming to get what you don’t deserve.
Our words are tapped out each day to help you keep what you do deserve.
If you don’t like that… keep reading.
How has Andy helped you think differently about building wealth? Share your thoughts at firstname.lastname@example.org.