marsden_online (
marsden_online) wrote2011-04-08 08:39 pm
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A couple of things I want to remember
Found on the interwebs today
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Richard James
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Karl Du Fresne
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Richard James
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Having all of your retirement savings in cash is a time-proven formula for turning $1 saved today into 50c of future spending. Retirement savings should focus on the opposite - turning 50 cents of savings today into a $1 of future spending.
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Karl Du Fresne
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The Morning Report listener’s complaint reflected a widespread misapprehension that government is all about redistributing wealth – hardly surprising, given that this was Labour’s main preoccupation when it was in power.
But a much more important function of government is to create an economic environment in which wealth can be created in the first place. You can’t have a Rolls-Royce social welfare system without a prosperous economy generating revenue and taxes to pay for it.
This is the key fact that so often escapes the Left. They want to redistribute wealth without giving too much thought to the inconvenient business of creating it first. Even worse, they seek to penalise the wealth creators.
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