Category Archive: Government’s War on the Poor

Aug 08

Study: Welfare has impoverished millions, poisoned entire communities

“Welfare” in the popular sense originated in the 1960s with President Lyndon Johnson’s “War on Poverty.” By the 1980s, profound research by academics documented that households which accepted welfare payments were WORSE OFF 5 years later compared to similarly-situated households which did not receive welfare “benefits.” (Much of this research was PAID FOR BY THE …

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Jul 30

“Medicare for All” proposal would cost $32.6 TRILLION; require more than doubling of all taxation

The GDP of the U.S.–the total economic output of the country annually–is about $16 trillion annually. (And this is deceptively large because it includes government spending in addition to private spending–and government funds are actually taken (and therefore reduced) from the private sector). A new study predicts that Bernie Sanders’ “Medicare for All” plan would …

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Jul 04

Socialist California has gone from the 5th largest economy in the world to the 7th

Forget the overuse of the terms “liberal” and “democratic.” A more accurate description is pro-government. California’s “leaders” have driven its policies in an extreme pro-government direction for 30 years. One-third of the nation’s welfare recipients are in California, which has only one-eighth of U.S. population. See here. “What Happens When Democrats Run Your State?” California …

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Jun 27

Bozeman Daily Chronicle declares regulations and forced redistribution a “glimmer of hope” for the poor in Big Sky

Under the unlikely headline “Big Sky affordable housing sees glimmer of hope in resort tax funding,” the Bozeman Daily Chronicle printed a bizarre story on June 27. Big Sky is Montana’s wealthiest town–where millionaires ski, golf and recreate and real estate prices are sky high. Prices are high because the town is hemmed in on …

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Jun 27

Electric car programs take money from the poor and give it to the rich –and Americans oppose them by wide margins

Government trusters often promote various “alternative energy” schemes designed to wean society off of fossil fuels. One scheme is to have government pay companies to make electric cars. And to subsidize consumers to purchase said cars. And to pay gas stations to install electric charging stations, etc. American taxpayers have been forced to pay billions …

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May 18

Social Security impoverishes: One-third of Americans have less than $5,000 saved for retirement.

A new study by Northwestern Mutual finds that one-third of Americans have less than $5,000 set aside for retirement. 21% of Americans have no retirement savings at all. SOCIAL SECURITY TO BLAME Many workers don’t save for the future because they assume they can live on Social Security. But that’s a dangerous, misguided assumption. In …

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May 03

New Report: 1 in 6 seniors are millionaires

An astounding new report about American demographics has been summarized by Bloomberg News service. See here. Average wealth for retirees has risen more than 100 percent since 1989, to $752,000, and the share of those who are millionaires has doubled. Also, more retirees—62 percent—are enjoying life without physical or cognitive limitations, according to the data. …

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Apr 30

Government subsidies to help the poor actually harm the poor by causing prices to rise

The above chart was generated by the American Enterprise Institute (AEI) and published on Marketwatch.com. It shows the overall price changes of certain products between 1997 and 2017. As you can see, government-subsidized goods (college tuition and books and medical treatment) have increased at rates much higher than inflation. Meanwhile, ‘tech’ products such as TVs, …

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Mar 23

Government officials poisoned the drinking water of Flint, Michigan; now a lawsuit alleges that donation money was diverted to the mayor’s political account.

The Government of Flint, Michigan knowingly poisoned the public drinking water with lead. And when numerous tests (of both the government drinking water and the blood lead levels of children in the City) showed high lead levels, the government officials concealed and covered up their crimes. When the poisoned water became a major news story, …

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Feb 04

Tens of Thousands of Seniors Now Live as Low-Wage Nomads in RVs, Vans and Trailers

If you save anything in modern America you are an utter fool. Near-zero interest rates, high taxation, central-banking-driven inflation and other government policies have robbed an entire generation of wealth in their later years. Social Security further robs the poor of their nest eggs, incentivising people to save less, invest less, and work fewer total …

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