ILENE DAVIS, CFP: Socialism For America? Read Atlas Shrugged Before its Too Late

By  //  February 6, 2019

YOUR OPINION: Take Note of How Socialism Has Transformed Venezuela

Atlas Shrugged, a 1957 novel by Ayn Rand (above), includes elements of science fiction, mystery, and romance, and depicts a dystopian United States in which private businesses suffer under increasingly burdensome laws and regulations.

YOUR OPINION – As I listen to the socialist politicians trying to outdo each other on taxing the rich, the latest being a 90 percent tax on “the wealthy,” I can’t help but think about a book by Ayn Rand published in1957, and how clairvoyant the author has turned out to be.   

The book tells the story of an America where what these socialist politicians are proposing actually takes place. The end result is that the productive members of society start “disappearing.”

They leave behind their factories, equipment, and employees. Their disappearance leaves a catastrophic void in executive leadership and no one left willing or capable of making critical constructive decisions.

As a result enterprise and commerce drastically slow to the point of extinction followed by human misery, squalor and oppression.

Eventually, people have no electricity, no working vehicles, no food and no hope. For those who think this can’t happen in a “Socialist Utopia,” check out the disastrous impact that a Socialist government has had in Venezuela.

ILENE DAVIS: The failure of Socialist Venezuela’s populist social welfare policies, suspension of constitutional rights and economic collapse led to a crisis resulting in hyperinflation, an economic depression, shortages of basic goods and drastic increases in unemployment, poverty, disease, child mortality, malnutrition and crime.

For those who think taxing “the rich” is a good idea, you might want to consider that there are other countries that might love to have our millionaires and billionaires.  And, in a nation where the top 1 percent by income pay around 40 percent of all taxes, imagine what would happen to those taxpayer-funded programs the socialists are so focused on expanding.

If you want to see how the proposals from many of the Democratic presidential candidates might affect those who depend on “the rich” for their jobs, I encourage you to read Atlas Shrugged before its too late.


Ilene Davis, CFP

Ilene Davis, a resident of Brevard County since 1971, is a Certified Financial Planner with a bachelors degree in Mathematics from the University of Michigan, a bachelors degree in Accounting from Rollins College, and a Masters in Business Administration from Webster University.  

Davis became a stockbroker in 1982, earned her designation as a Certified Financial Planner in 1984, and with a desire to serve clients more on her own terms, opened her own financial consultant office in Cocoa Village in 1986.

She has combined her professional and personal experience with keen financial insight and instinct into her first book, Wealthy By Choice: Choosing Your Way To A Wealthier Future, which was recently published by Tablet Publications of Cocoa Beach and is now available on and

She is committed to helping each client create their own “Financial Freedom Fund,” and believes strongly in free market capitalism and a “hand up rather than a hand-out” as the best path to prosperity.

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