THURSDAY, OCTOBER 5, 2023
|
|
[T]he sole end for which mankind are warranted, individually or collectively, in interfering with the liberty of action of any of their number, is self-protection. The only purpose for which power can be rightfully exercised over any member of a civilized community, against his will, is to prevent harm to others. His own good, either physical or moral, is not sufficient warrant. He cannot rightfully be compelled to do or forbear because it will be better for him to do so, because it will make him happier, because in the opinions of others, to do so would be wise, or even right.
– John Stuart Mill |
|
|
October 5, 2023
The Welfare-Warfare State’s War on Income and Savings
According to an article at CNBC.com, 60% of adults said they are living paycheck to paycheck. According to an article at Forbes.com, about a third of Americans were unable to save any money in the past year. According to an article at Yahoo! Finance, while financial advisors recommend savings of $1 million to $2 million for retirees, the average 70-year-old has only around $426,000 in savings. On top of that, consider how much the value of people’s money is debased each decade through the inflationary policies of the Federal Reserve. |
|
|
