Why save? It just gives politicians something to steal.
25th January 2008
Jerry Pournelle is feeling morose.
We do note, though, that the American people are not stupid: unlike most countries we don’t save money. We know darned well that politicians cannot resist stealing from any pool of money they can find: retirement funds, savings accounts, real estate equity: if they can see the money they will have it. Interest rate meddling, tax rebates to those who don’t pay taxes when there’s no money in the first place, all these are easy ways of getting at savings. The American people know this which is why we don’t save much. Can anyone blame them?