On January 25th 2023, the world of smart income took a big hit in the form of the Biden Administration’s ‘Blueprint for a Renters Bill of Rights’. This bill, which would likely be an executive order by the president, attempts to address the rental housing affordability crisis as they would see it, reduce homelessness and other progressive ideals. But the unintended consequences of such a bill would destroy freedom, reduce housing affordability, penalize independent rental property ownership , eliminate the biggest part of smart income for financial sustainability, and constrain all of us to the world of predictable worker slaves until the day we die.
About 2 weeks ago, my daughter called me from Tucson, Arizona. She is a senior at the University of Arizona there. She had been stopped at the traffic lights in her car, when another car rear ended her. It wasn't a big accident. Thankfully no one was hurt, and there actually was little visible damage to the back of her car.
A recent podcast discussion that I was a co-host on came up, in which the host asked the question, "Are Americans Rich?". The context was to do with whether we all shouldered the burden of charitable giving to other nations and whether that is something that should be done by the individual. The discussion brings up some very interesting dynamics, which I will attempt to give my opinion on in this article.
Our world is changing. Robotics, AI and automation will do more to increase layoffs of workers than anything we have seen in the past 30 years. Think you have a safe job? Think again. You don't. The corporate mindset wants to destroy your job, but if you are on the path towards financial sustainability, this shouldn't be a big deal.