When Everyone Is A Contrarian, Nobody Is

The Fundamental Flaw In Social Security And Medicare Is That They Violate The 'welfare Principle' In Economics. The Welfare Principle Forms The Fundamental Basis Of All Charitable Work In Churches And Other Private Organizations: Assist Those Who Need Help, And Equally Important, Don't Assist Individuals Who Can Take Care Of Themselves.

The Reality Is That Business And Investment Spending Are The True Leading Indicators Of The Economy And The Stock Market. If You Want To Know Where The Stock Market Is Headed, Forget About Consumer Spending And Retail Sales Figures. Look To Business Spending, Price Inflation, Interest Rates, And Productivity Gains.

If You Are Wealthy Enough, Use Part Or All Of Your Social Security Proceeds To Invest In A Favorite Cause Or Two. Invest 10 Percent Or 100 Percent Of Your Monthly Social Security Check In Your Favorite Charity, Foundation, Think Tank, Church Or Synagogue, Or Other Good Cause.

In The Early 1980s, I Burned My Social Security Card At The New Orleans Investment Conference In Protest Of The State Pension System.

Taxation Is The Price We Pay For Failing To Build A Civilized Society. The Higher The Tax Level, The Greater The Failure.