Category Archive: Government’s War on the Poor

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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Jan 16

Socialist California Leads Nation in Poverty

Years of high taxes, overregulation, and cops everywhere have taken their toll on California. The state now leads the U.S. in rates and numbers of people living in poverty. See here. (This is true even though the State has the most social workers, biggest welfare programs and biggest wealth-redistribution operations.) The State also has the …

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Dec 26

United ‘first class’ seats are now mostly reserved for government employees–and higher-level government officials apparently bump lower level government workers to ‘economy’ seating as needed

As private-sector Americans struggle for existence, government officials and workers continue to gain wealth and privilege. Here is a story published in the London Daily Mail (U.S. ‘mainstream’ news outlets have ignored it) about a school teacher who purchased a first-class seat on a United flight. The school teacher was told before the flight that …

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Dec 10

Hundreds of thousands flee socialist Venezuela, to start over with nothing.

Socialism is a curse that one should wish only on a hated enemy. Governments invariably promise cradle-to-grave safety, support and security but deliver only violence, misery and impoverishment. Yesterday’s New York Times detailed how Venezuelans in need of medicine must suffer early deaths or flee to other countries for survival. They were promised government (‘single …

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Nov 16

The world’s richest 1 % now own half the world’s wealth due to overregulation

Government regulations are essentially a wealth redistribution program from the poor to the rich. Those in poverty increasingly find themselves trapped by licensing and other regulatory barriers. In the 1950s, only one in 20 U.S. workers needed the government’s permission to pursue their chosen occupation. Today, that figure stands at almost one in three. See …

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Nov 12

The cycle of poverty under total government

Michael DiFrancesco, a 22-year-old man from Bozeman, Montana, never had a chance. In 2009, DiFrancesco was convicted of being a minor in possession of alcohol and fined $185. He was ordered to pay for and complete a substance abuse course, neither of which he could afford. DiFrancesco’s driver license was later suspended due to the …

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