Government policies punish savers so much that it is utterly foolish to save even a penny. Near-zero interest rates. “Social Security” payroll taxes. Medicare and Medicaid. Obamacare. Market-entry barriers such as occupational licensing laws.
Government policies incentivize Americans to work less, build less, create less, save less, be unhealthy, sick and weak.
“Nearly 20 million U.S. households (16.9 percent of the total) have zero or negative net worth. That means they owe more than they own.”