The U.S. economy is crumbling. Businesses are collapsing in record numbers. Jobs have disappeared. Tax revenues are down dramatically. Coincidence?
Everything happening today under Obama resembles the storyline of Ayn Rand’s famous book, Atlas Shrugged, one of the most popular books of all time, selling over 7 million copies. Now, under President Obama, Atlas Shrugged has come to life. Rand prophesized a country dominated by socialists, Marxists and statists, where looters, free loaders and poverty promoters live off the productive class. To rationalize the fleecing of innovative business owners and job creators, the looter class demonized the wealthy, just as Obama and his socialist cabal are doing in real life today.
The central plot of Atlas Shrugged is that in response to being demonized, over-taxed, over-regulated, and punished for success, America’s business owners were disappearing — dropping off the grid, and refusing to work 16-hour days to support those unwilling to put in the same blood, sweat and tears. They were going on strike. Because of that the original proposed title of “Atlas Shrugged” was “The Strike.”
They were going on strike to teach that civilization cannot survive when people are slaves to government. That without a productive class of innovative business owners willing to risk their own money and work 16-hour days, weekends and holidays, there are no jobs and no taxes to pay for government. If you punish the wealthy, the risk-takers, the innovators, you kill the goose that lays the golden eggs. In Obama’s America, fiction is becoming fact.
The lesson of Atlas Shrugged is that without the $100,000+ earners paying into Social Security, there are no pensions for the poor and lower middle class. Without the wealthy owners of million-dollar mansions paying $25,000 and $50,000 annual property tax bills, there is no funding for public schools. Without the wealthy paying into Medicare, there is no “free” healthcare for the elderly. Without capitalists motivated by profit, there are no discoveries to eradicate polio or create miraculous cancer and AIDS drugs. Without capitalists motivated by profit, there are no jobs, period! That is what happens when the producers of society go on strike to protect themselves from the looters.
Ayn Rand was warning the looters that there are consequences to their overzealous actions. She was warning that if the productive classes felt used, demonized, ripped off, and taken for granted, they would go on strike — stop working, retire early, go underground, or move to places where achievement is celebrated and they feel appreciated.
The latest U.S. Census proves Ayn Rand right. Under Obama the wealthy are striking, voting with their feet. They are moving to low-tax red states in droves, escaping from high-tax blue states where they are being demonized and punished by the millions.
The Census proves that Obama’s tax and spend philosophy is a dismal failure, an economic disaster killing jobs. It is no coincidence that 1.9 million FEWER Americans are working than before Obama’s stimulus. It is no coincidence that jobs are not returning to the private sector. It is no coincidence that tax revenues have dropped dramatically and cannot support Obama’s bloated Big Brother government. The innovators, risk-takers, and wealthy he demonized and punished are on strike.
The high tech revolution has killed the progressive-liberal tax-and-spend dream. Because of the Internet, email, Facebook, Twitter, Skype, Satellite TV, I-phones, I-pads, and cell phones, business owners are no longer prisoners of Big Brother. Take a look at states where the latest Census shows Americans moved during the past decade: Nevada, Texas, Arizona, Florida, Utah, Idaho, Wyoming, Colorado, North Carolina, South Carolina, Georgia, Alaska, Virginia — all low- or no-tax red states, states that lead the USA in economic freedom.
Now look at states they escaped from: New York, New Jersey, California, Massachusetts, Rhode Island, Connecticut, Illinois, Michigan. Taxpayers, business owners, jobs creators, retirees with assets are fleeing the high tax, big spending, Big Brother states — the states being run like Obama is running the nation.
Progressives be afraid, be very afraid. If Obama is re-elected, these valuable producers will pick up and leave America altogether. There is a big world out there begging them to come. Places like Hong Kong, Singapore, Australia, New Zealand, Monte Carlo, Belize, Costa Rica, Panama, Bahamas, and Cayman Islands are low-tax havens that appreciate business owners and their sacrifices. They welcome wealthy ex-patriots. They celebrate individual achievement. They reward instead of punish business owners and financial risk-takers. They are wonderful places to live and are aggressively pursuing Americans.
I am just one small businessman, a third-party Libertarian political leader. Yet I personally have heard from thousands of fans, friends and supporters who have left America, are thinking of leaving America, are visiting other countries right now to decide where to go, or making preparations to leave in case Obama is re-elected. Just as Ayn Rand predicted, business owners are going on strike. Permanently.
The high tech revolution has freed them to run their businesses from anywhere in the world. The same high tech tools and toys that toppled a powerful and invincible 30-year dictator in Egypt and now threaten to topple powerful leaders throughout the Arab world, also offer mobility and freedom to U.S. taxpayers. Obama better learn the lesson of Mubarek before millions more business people decide they do not need to put up with looters, free loaders, and politicians who despise them.
Atlas is shrugging. Ayn Rand is saying “I told you so.”
And The Strike has begun.

Is Obama Smarter Than a Communist?
By Wayne Allyn Root, Former Libertarian Vice Presidential Nominee
Is Obama as smart as the leaders of Russia, China, Cuba, or any of the formerly communist Soviet Republics? Or, have the socialists and communists learned a lesson that Obama obviously has not?
Lesson #1 is Greece. If income redistribution works…if tax and spend is a model for America…why is Greece a bankrupt basket case threatening to bring down the entire European Union? A much more important question: Why is Greece, with a 45% income tax rate, a 23%
VAT tax (national sales tax) plus a host of other taxes, still hopelessly bankrupt? Greeks pay up to 70% to 80% of their income to the government. Yet Greece is insolvent. With all those heavy taxes, it took $160 billion to bail them out only one year ago. Now they need at least another $50 to 100 billion. Why would Obama want higher taxes for America, when Greece proves the model doesn’t work?
All those Greek voters elected socialist politicians because they promised fat pensions, free health care, and lavish early retirement. Now they face unimaginable poverty for years to come. So the lesson is that when politicians promise chocolate cake with no calories, they should be put in prison for fraud. Perhaps Obama should go to Greek’s socialist rulers and ask for advice before we wind up with our own Big Fat Greek Bankruptcy.
Lesson #2 is Cuba. Cuba has been a socialist state since before I was born. Their leader Raul Castro is a proud communist. Yet Cuba just passed the most sweeping reforms in history. Castro is slashing more than a million government jobs, cutting entitlements, encouraging more private sector entrepreneurship, giving more power to private companies, and reducing state spending.
One of the trademark features of Cuba’s socialist system- the universal monthly food ration- will be phased out. Castro said the ration given all Cubans since 1963 has become an “unsupportable burden” for Cuba’s bankrupt and crumbling government.
Wow! A Cuban communist leader is cutting a million government jobs, and eliminating Cuba’s version of food stamps. So, why is Obama desperately trying to raise taxes to socialist levels to keep our 21 million government employees all employed (with their bloated pensions) and maintain 45 million Americans on food stamps? Perhaps Professor Castro can give Obama a few pointers.
Lesson #3 is Russia. Russian Prime Minister Vladimir Putin seemed to be teaching a common fourth-grade history lesson on socialism when during a speech at the opening ceremony of the World Economic Forum in Davos, Switzerland he stated: “In the 20th century, the Soviet Union made the state role absolute…In the long run, this made the Soviet economy totally uncompetitive. This lesson cost us dearly.”
Putin and Castro have learned their lessons from experience. But Obama? Sounds like he needs to attend re-education camp. Or at least do the fourth grade over, since even fourth grade students know that socialism doesn’t work.
Obama’s stated game plan is to raise U.S. income tax rates to 40% (or higher), eliminate all deductions, take the cap off FICA (Social Security taxes), and of course he’s already passed a raft of new Obamacare taxes. A VAT tax may soon follow. Add it up. Under Obama, Americans could soon have a tax rate of 60% to 70% (after adding in state, local and property taxes).
Lesson #4 is found in ex-Communist countries around the world. Let’s contrast their tax rates with Obama’s stated goals in America:
So ask yourself again- Is Obama smarter than a communist? Looking at those tax rates, who would you think was the country with a socialist
tax system in place? Ask yourself what lessons those countries learned from socialism that turned them into Reagan-style capitalists?
Do you need more lessons? While Greece and many other high-tax, mixed economies in Europe are floundering, examine how the low tax model is performing around the world. Hong Kong, with its 16% flat tax and no capital gains tax, has 3.5% unemployment. Their economy is booming. Singapore has a tax of 3% to 20%, with unemployment at a remarkable 1.9%. Their economy is booming. Monaco and Cayman Islands both have income tax rates of 0%. Business has never been better.
Need more proof? The Index of Economic Freedom ranks Australia and New Zealand far above America under Obama. Australia’s unemployment rate is 4.9%, New Zealand’s 6.8%. Both are dramatically lower than America’s reported rate of 9.1%. It appears that crazy idea of economic freedom really works. Perhaps Obama should try it sometime.
In case you’re wondering…Greece’s unemployment rate is double digits. High taxes kill, not create jobs.
So ask the question again- Is Obama smarter than a communist? Perhaps Putin, Castro and some of the ex-communist leaders above should sit Comrade Obama down and give him an economics lesson. Fast. Before the U.S. economic collapse is beyond repair. Before the America we know and love is gone forever.
Wayne Allyn Root is a former libertarian vice presidential nominee. He now serves as chairman of the Libertarian NationalCongressional Committee. He is the best-selling author of “The Conscience of a Libertarian: Empowering the Citizen Revolution with God, Guns, Gold & Tax Cuts.” His website: ROOTforAmerica.com