Category Archives: Personal Finance

Don’t Depend on the Government in Retirement: The American Social Safety Net Has Holes

In planning retirement, Americans should be skeptical of the retirement promises of pols, who come and go. That’s because your parents’ dependable Social Security and company pensions no longer exist. This worries many workers who expect Social Security to fund a significant part of their retirement income. Social Security Gets Long in the Tooth As…

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The Credit Card Bill Is Too Damn High!: And I’m still paying for a car I don’t have

Many Americans learned nothing about basic money management over the past decade. They lived through the recession of 2008 when they suddenly couldn’t pay credit card bills, and have apparently forgotten those hard times. And, as a philosopher famously warned, those who forget the past are doomed to repeat it. It’s Happening Again Indeed, despite…

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The City Is a Good Place for a “Low Risk” Crime: Anti-Smoking Efforts Can Backfire

Perhaps even virtue has need of limits. That’s because a good thing—such as persuading people that smoking is a bad thing—can go too far. We see it here in New York, where some of the highest smoking taxes in the world have led an avalanche of illegal cigarettes brought into the city and state. They…

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Are You a MoneySense Person or a Money Mad Person?: The Mentality of Thrift Versus the Mentality of Buy Everything Now.

Many people say they want to be financially comfortable; to be free of the need to work for somebody and required to be part the rat race. But, as with so many goals, there are some basic questions: Are you all talk or are you serious? Are you ready to make the hard choices to…

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Ben’s Best Destruction—A Reminder of Why Americans Need to Rediscover Jefferson and Decentralization: Lord Acton, along with the traditional friends of limited government, believed in limited government

“The government that governs least, governs best. The government that is best is closest to the people.” Here, in essence, was the Jeffersonian philosophy of limited government that made America a beacon of freedom in the 19th century. Thomas Jefferson was one of the leaders of a classical liberal philosophy that was popular in the…

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Ben’s Best, Kosher Deli, Queens Institution, Dies: A symbol of countless other small businesses driven to a premature death by relentless regs and taxes imposed by a distant, uncaring, city government.

Recently I attended a wake in Rego Park, Queens, a county which is unfortunately a part of New York City. It was the end of a wonderful kosher deli that was beloved by Jew and non-Jew alike, Ben’s Best. This terrific eatery might have died a natural death—many of its elderly patrons were moving to…

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