Sorry to start the month with such a negative message but we feel this needs to be said because you need to work out how you can take action and make your story different ... you need to take action to create a passive income and your own financial freedom! Here's why!
With real incomes falling at the rate of 2 to 3% a year, food and fuel costs going up at an unprecedented rate and with many facing the prospect of closing businesses or redundancy, the prevailing mood in middle England is one of growing despair and uncertainty.
Meanwhile billionaires and venture capitalists are celebrating budget proposals to help them avoid paying even more tax than ever. The rich are getting richer and not paying any taxes, while the middle classes are getting poorer as basic costs are rising. The same economic conditions prevailed prior to the French revolution in 1789.
The real losers are small businessmen who bought into the Thatcherite dream of entrepreneurial Britain. Many have been successfully running small businesses for a number of years but were caught out by the unexpected and unanticipated credit crunch in 2008. Having mortgaged homes to finance expensive start-ups, they now find themselves with the double whammy of losing livelihoods and their homes at the same time. Labour, during their time in government, did nothing to protect or forewarn these budding entrepreneurs.
The only people who will make money from the present economic situation are the bankers and the venture capitalists, neither of whom are interested in creating new long-lasting jobs but look only for ways of making monstrous, short-term profits, usually by investing in unprofitable firms and turning them around by laying off staff. Far from mopping up lost jobs from the public sector, the chances are that private sector speculation over the next few years will only add to the unemployment figures. We have been there before.
And if middle England is facing a squeeze, what will happen to those already on the bread line and struggling to find work and to remain in rented property? As benefits are cut, destitution will be the only alternative for many. Homelessness is likely to increase as unemployment approaches record highs.
The situation is dire enough now but likely to get even worse once Tory cuts take effect over the next couple of years. The maxim of past Tory governments has always been to dish out the bad stuff early on in the term and hope for a recovery before the next election. But the best this government can hope for is that the country does not go into a double dip. If it does, it will effectively consign the Tories to another generation in opposition and wipe out their Liberal coalition partners altogether. To some extent it will be a deserved fate. They have ignored warnings from the opposition party and the rallying cry of almost half a million people who turned up to protest in Central London on Saturday, who fear that deficit cuts will choke off the recovery. Experts on the Panorama programme confirmed that far from "all of us being in it together" all the evidence suggests that the poorer half of the nation is paying for the mistakes made by wealthy banks and speculators during the subprime debacle. It is a travesty that in the 21st century a nation of honest, hardworking people who would give up their lives for their country should be so humiliated and mistreated by the powers that be.
With real incomes falling at the rate of 2 to 3% a year, food and fuel costs going up at an unprecedented rate and with many facing the prospect of closing businesses or redundancy, the prevailing mood in middle England is one of growing despair and uncertainty.
Meanwhile billionaires and venture capitalists are celebrating budget proposals to help them avoid paying even more tax than ever. The rich are getting richer and not paying any taxes, while the middle classes are getting poorer as basic costs are rising. The same economic conditions prevailed prior to the French revolution in 1789.
The real losers are small businessmen who bought into the Thatcherite dream of entrepreneurial Britain. Many have been successfully running small businesses for a number of years but were caught out by the unexpected and unanticipated credit crunch in 2008. Having mortgaged homes to finance expensive start-ups, they now find themselves with the double whammy of losing livelihoods and their homes at the same time. Labour, during their time in government, did nothing to protect or forewarn these budding entrepreneurs.
The only people who will make money from the present economic situation are the bankers and the venture capitalists, neither of whom are interested in creating new long-lasting jobs but look only for ways of making monstrous, short-term profits, usually by investing in unprofitable firms and turning them around by laying off staff. Far from mopping up lost jobs from the public sector, the chances are that private sector speculation over the next few years will only add to the unemployment figures. We have been there before.
And if middle England is facing a squeeze, what will happen to those already on the bread line and struggling to find work and to remain in rented property? As benefits are cut, destitution will be the only alternative for many. Homelessness is likely to increase as unemployment approaches record highs.
The situation is dire enough now but likely to get even worse once Tory cuts take effect over the next couple of years. The maxim of past Tory governments has always been to dish out the bad stuff early on in the term and hope for a recovery before the next election. But the best this government can hope for is that the country does not go into a double dip. If it does, it will effectively consign the Tories to another generation in opposition and wipe out their Liberal coalition partners altogether. To some extent it will be a deserved fate. They have ignored warnings from the opposition party and the rallying cry of almost half a million people who turned up to protest in Central London on Saturday, who fear that deficit cuts will choke off the recovery. Experts on the Panorama programme confirmed that far from "all of us being in it together" all the evidence suggests that the poorer half of the nation is paying for the mistakes made by wealthy banks and speculators during the subprime debacle. It is a travesty that in the 21st century a nation of honest, hardworking people who would give up their lives for their country should be so humiliated and mistreated by the powers that be.
Article Source: http://EzineArticles.com/expert/Milton_Johanides/305682
Article Source: http://EzineArticles.com/6123190
