Category Archives: Personal Finance

The Annual November Farce: Many Americans want no part of it

“It’s a disgrace that people don’t vote,” Mike Francesa, sports radio talk host on election day November 2014 “If you don’t vote, don’t complain,” often heard comment from the political nannies who want as many people as possible to vote so to give credence to an often sleazy system. I’ve heard the above so many…

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The Modern, Expanded Welfare State’s Math Woes, Part II

As we discussed in part one of this mini-series on the excesses of the modern welfare state, we’re all facing more taxes and potential cuts to pay for mandatory welfare programs such as Social Security. The latter, of which I once wrote a small history (https://mises.org/journals/Essays/Bresiger.pdf) has been sold to citizens based on a shakey…

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The Modern, Expanded Welfare State’s Math Woes, Part I

Americans and Western European taxpayers beware. You’re behind on your bills. If your government continues its reckless spending, you and your children and your children’s children will be on the hook. They will have to pay more in taxes and get less from your cradle to grave welfare state. The welfare state’s free and easy…

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“No Need to Think—We’ll Spend Your Money for You!”

Many people want to hijack more and more of your money, especially when they’re sure that you haven’t a clue! Often it is the government, with its endless spending, futile welfare programs, poorly run transit services and ill-moral, often useless, wars that we pay for in countless ways for generations and generations. And, even in…

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Taxing Away Our Jobs: Policies that are killing growth and self-improvement

The point of taxation should be to raise enough money for the basic functions of government, but not a cent more. That’s because the economy is the golden goose that lays eggs for all of us. We should not want to overwork the golden goose. Otherwise the goose might get sick and not be able…

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Courting Disaster: Americans forget financial errors so they might repeat them in the near future

Millions of Americans, who apparently have dim memories of 2008, again may be flirting with financial disaster. That’s what I recently learned in looking at second quarter credit card numbers. They show billions of dollars in new card debt—$28 billion in new card debt— added in the three months that ended June 30th. This contrasts…

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