Americans Live in a Fantasy World by Gary North
Great piece by Mr. North. This paragraph took the cake, but read it all anyway...
The young man who saves at least 10% of his after tax income from the day he gets his first job possesses the mark of success. This self-discipline must be taught. It does not come naturally for most people. A young man doesn’t emotionally know that if he doesn’t save for his old age, he will be in dire straits. He may become dependent on his children. To think that a 12-year-old is motivated by such a vision of the future is naïve. Ben Franklin said it best: "A child thinks that $20 and 20 years cannot be spent." Children are not future-oriented. Present-orientation is one of the primary marks of a child. Children are also not independent. Others make their decisions for them. That is the primary mark of a child.
Great piece by Mr. North. This paragraph took the cake, but read it all anyway...
The young man who saves at least 10% of his after tax income from the day he gets his first job possesses the mark of success. This self-discipline must be taught. It does not come naturally for most people. A young man doesn’t emotionally know that if he doesn’t save for his old age, he will be in dire straits. He may become dependent on his children. To think that a 12-year-old is motivated by such a vision of the future is naïve. Ben Franklin said it best: "A child thinks that $20 and 20 years cannot be spent." Children are not future-oriented. Present-orientation is one of the primary marks of a child. Children are also not independent. Others make their decisions for them. That is the primary mark of a child.
posted by Champion at 11:05 PM
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