A Quote by Scott Cook
People don't place their trust in government or company pension plans; they have to be self-reliant.
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If you can't trust your boss - or your pension company - to take care of your investment, who can you trust? The vast majority of company chiefs take their responsibilities seriously and protect their workers' final salary pensions. But for too long, the reckless few playing fast and loose with people's futures have got away scot-free.
Americans, both politicians and voters, may have become corrupted by big government beyond redemption. A virtuous government requires a virtuous people. A frugal government requires a self-reliant people. A free country requires people who value liberty more than money.
When I was young, many people worked for a company with a pension plan that covered them for as long as they lived. If they didn't have a pension plan, they could count on Social Security and Medicare.
The only way people can repay the debt is by cutting their living standards very drastically. It means agreeing to shift their pension plans from defined benefit plans - when you know what you're going to get - into just "defined contribution plans," where you put money in, like into a roach motel, and you don't know what's coming out.
I think if I were to express my wish, it would be that we are more regionally self-reliant. And I don't mean people being survivalists, I mean regionally self-reliant. So that you have these individual cells. The idea of having different solutions in different areas, so that we have a very robust, durable civilization.
You bring up your children to be self-reliant and independent and they double-cross you and become self-reliant and independent.
Recipients of transfers tend to become less self-reliant and more dependent on government payments. When people can get support without exercising their own abilities to discover and respond to opportunities for earning income, those abilities atrophy. People forget - or never learn in the first place - how to help themselves, and eventually some of them simply accept their helplessness.
I think if I were to express my wish, it would be that we are more regionally self-reliant. And I dont mean people being survivalists, I mean regionally self-reliant. So that you have these individual cells. The idea of having different solutions in different areas, so that we have a very robust, durable civilization.
When you have trust and you get that trust in place throughout the company, people are empowered — people are free.
Some people trust an insurance company over the government, while others trust the government over insurance companies.
If Obama raises my company's taxes by 20 percent, how am I going to be able to survive as a company? Well, if I've got 30 employees, that means I'm going to have to lay off 10 employees so I can be able to keep up with the health and benefits and pension plans for my other 20 employees.
A free society depends upon a high degree of mutual trust. The public will not give that trust to officials who are not seen to be impartially dedicated to the general public interest, nor will they give trust to those high in government who violate the rule of law they ask citizens to obey at the expense of self-interest, or to those who present government as the place where one feathers his own nest, [or] exchanges favors with friends and former associates.
Pension funds, endowments, and private investors trust Mitt Romney's former company Bain Capital enough to hand it billions of dollars in assets.
I think the American people have become more reliant upon government and less reliant upon themselves and that they now tend to put security ahead of freedom, but I think freedom is the most important aspect of our lives.
It's harder to end a war than begin one. Indeed, everything that American troops have done in Iraq -- all the fighting and all the dying, the bleeding and the building, and the training and the partnering -- all of it has led to this moment of success. Now, Iraq is not a perfect place. It has many challenges ahead. But we're leaving behind a sovereign, stable and self-reliant Iraq, with a representative government that was elected by its people. We're building a new partnership between our nations.
The story of Detroit's bankruptcy was simple enough: Allow capitalism to grow the city, campaign against income inequality, tax the job creators until they flee, increase government spending in order to boost employment, promise generous pension plans to keep people voting for failure. Rinse, wash and repeat.
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