Will You Beat Uncle Sam’s Relentless Pursuit Of Your Wealth?
17th January 2023
In an economy characterized by limited government and individual liberty people are self-supporting. They provide the means to pay for these needs through the fruits of their own labors. Minors are supported by their families until they can provide for themselves. The elderly may fall back on their kids if they didn’t squirrel away enough nuts during their working years.
In an economy characterized by central planning this is not the case. Large segments of the population are dependent on government programs for their daily bread. They also look to the benevolent hand of government to pay for their drugs and other medical needs.
The U.S., over the last 100 years, has transformed from a nation of self-supporting individuals to a nation of collective dependents. In fact, the U.S., at this very moment, is closing in on a significant milestone.
Several days before the Ides of March, 100 million people – or approximately 30 percent of the total population – will be on Medicaid. Can you believe it?