Today I want to share with you my philosophical beliefs on capitalism and a free market in order to help you understand why asset protection planning is so important.
Historically, capitalism has proven itself to be the only system that works efficiently, but it now seems the governments of the world are increasingly trying to regulate and tax us to the point where we give up and move to our own little Galt’s Gulch (for those of you that don’t know this term, this is from the book ‘Atlas Shrugged’ by Ayn Rand, and one of my personal favorites).
I truly believe in the free market and it really irks me to read news headlines like “The Free Market Failure…”. I believe this to be a myth. We have not had a truly free market in a very long time. The governments of the world tend to want to expand their power base and tax and regulate every sector of the market.
Fortunately, there are still opportunities to protect our assets from not only unscrupulous creditors, but also government influence. I do not advocate tax evasion or avoidance of your financial responsibilities of any sort, but at some point, you need to realize where other parties have crossed the line and become a burden on your personal freedoms.
In the US, we will likely reach a point soon where there will be currency controls and you won’t be allowed to move your money outside of the country and invest in world markets. In 1933 President Roosevelt confiscated all publicly held gold and within a few short months, devalued the dollar effectively stealing the citizens’ wealth.
We are still in the midst of the largest economic crisis in modern history and most likely there will be drastic protectionist policies put in place which will not be positive for those of you with wealth.
Entrepreneurs and investors are the growth drivers of our economy. The creation and preservation of your wealth is what will continue to improve the prosperity of the world. The governments’ social programs are not what the world needs for progress. This is why asset protection planning is so crucial for economic progress in today’s world.
As a society, we need you to prosper in order to improve the living standards of all. As the cliché goes, “a rising tide lifts all ships”. This holds true in economics as well. As the entrepreneurs and investors of the world increase their wealth, it improves the living standards of the whole society.
Our firm’s mission is to provide asset protection planning that allow you to create and preserve your wealth and protect it from the two main threats of the modern world; taxes and litigation. While not very altruistic by nature, I do want the world to prosper. This is only achievable by allowing productive members of society to maintain and increase their wealth.
Contact us today for your free 30 minute consultation.