Category Archive: Social Security Impoverishes

Oct 23

U.S. Life Expectancy Declining under Cradle-to-Grave Government

by Roger Roots, founder of Lysander Spooner University Governments want their subjects sick, weak, scared and dependent. Every generation of Americans has seen its life expectancy improve. Until now. A new Bloomberg News report finds that Today’s Americans are retiring later, dying sooner and sicker in-between. Social Security alone has incentivized millions of Americans to …

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Jun 20

24 % of Americans Do Not Have a Single Dollar Saved for Emergencies

Study upon study shows that the American people are increasingly saving little or nothing in response to government policies. If you save anything in modern America, you are an utter fool. Near-zero interest rates, Social Security and Medicare incentivize Americans to save nothing. “About 1 in 4 literally have no emergency savings. A survey released …

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Jun 02

Almost half of Americans die broke in response to government policies

Years of government policies which punish saving, investing and working have taken their toll. USA Today reports that 69% of adults have less than $1,000 in the bank, and 34% said they actually don’t have any savings at all. And a study by the National Bureau of Economic Research found that almost half of Americans …

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Oct 24

Growing numbers of poor Americans find retirement elusive; they must work till they die

Sad story from the Associated Press. America has become a two-tiered society, with those in power pampered in luxury while those without government positions live lives of poverty. For years, the U.S. government has punished savers, entrepreneurs and investors. Social Security, for example, takes money from people’s paychecks during periods when they most need money …

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Sep 29

The percentage of Americans identifying as “middle class” has plummeted

An economy may be measured in many ways. But the percentage of Americans who say they are in the middle or upper-middle class has fallen 10 percentage points, from a 61% average between 2000 and 2008 to 51% today. See here. The reality is even worse: only 20% of American households actually possess the income …

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Aug 06

Increasingly, government “services” are security checkpoints for the police state

Interesting essay by L. Reichard White on It seems that police departments are increasingly using the admissions counters at clinics and hospitals as warrant/security/background check stations. When people enter government hospitals for “care,” they must first show ID, provide Social Security numbers and identify themselves. A front counter person punches the information into an …

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Jan 06

63 percent of Americans are one paycheck away from homelessness

If you save anything in modern America, you are an utter fool. Government policies, such as near-zero Fed interest rates, massive and growing levels of taxation and regulation, and increasing government barriers to entering most careers have hollowed out the financial strength of the American working class. New figures show that 63 percent of Americans …

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Oct 13

Social Security has Redistributed Hundreds of Billions of Dollars from Blacks to Whites

A 1996 Rand study authored by Constantijn Panis and Lee Lillard found that the average Black male loses approximately $10,000 to Social Security over his lifetime. Because Blacks have lower average life expectancy than whites, most of this money is transferred to white people. Social Security ranks second only to the institution of slavery as …

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Jul 11

U.S. Debt will Soon be more than 100 Percent of annual GDP, Official Warns

The U.S. national debt is now so large that it constitutes 74 percent of America’s annual Gross Domestic Product (GDP). Not since World War II has this percentage been so high. And today’s debt is not so much the product of a worldwide war but of the constant deficit spending required to pay for American …

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Jul 01

Greek Social Security checks are withheld from retirees as Greece defaults on national debt

Have you ever wondered about the future of American Social Security? What will happen when liabilities are larger than the credit of the country? A story today on Yahoo News revealed that retired Greeks who traditionally draw their government pensions in cash from their local banks are now finding that the banks only allow small …

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