Ayn Rand’s novel, Atlas Shrugged, begins with a simple question: Who is John Galt? The answer comes in the last third of that 1957 book, where Galt emerges as the champion of capitalism and defender of Rand’s Objectivism philosophy, which has opposed: Child and Adult Care Food Program Federal Housing Assistance Food Stamps Head Start Low-Income Home Energy Assistance Program Medicare & Medicaid Nationalized Health Care School Lunch and Breakfast […]
Tag Archive for ‘Seniors’
71-year-old man shoots robbers at internet cafe in Florida Last week, it became more dangerous to be old or disabled. That’s because the Barack Obama brain trust ordained a rule that will force the Social Security Administration (SSA) to share records with the Department of Justice (DOJ) to look for so-called disabled or impaired individuals. The government then decides whether or not to ban them from buying a gun. The […]
Leave it to the scions of Washington D.C. to break up middle class marriages. Under current law if your spouse enters a nursing home, both of you are obligated to pay for care. With an average monthly Social Security check at $1,413, the cost of a nursing home is impossible to pay out of current income. Most folks dip into savings. But even a family with say, $400,000 saved over […]
Why are we ignoring criminal emails? Time for federal government to prosecute and prevent fraud hucksters!
Spam filter on your email server? Think that big internet provider is helping keep away the criminals? Wondering why the federal government has time to look at every email sent every day by every person, but no time to go after the fraud experts preying on the vulnerable citizen? The answer is that nobody cares except the victims of fraud. If you steal a CD from a store, you can […]
White House wants to disarm some seniors; afraid of a revolt? Or, are there even more cuts to Social Security in the works?
Seeking tighter controls over firearm purchases, the Obama administration is pushing to ban Social Security beneficiaries from owning guns if they lack the mental capacity to manage their own affairs, a move that could affect millions whose monthly disability payments are handled by others. The push is intended to bring the Social Security Administration in line with laws regulating who gets reported to the National Instant Criminal Background Check System, […]
Now that nearly everyone, of every persuasion, seems to want to be married, seniors should advise the newly matrimonial-prone that true love expressed can cost you big bucks, when dealing with Uncle Sam. Here is a mock 1040 for a mythical single filer Herman Schmidlap: Herman is filing single, and the return would be the same if filed as “married, but filing separately.” His wages were $15,000, plus $10,000 he […]
Means-testing us to deny public benefits, stigmatizes the poor and endangers support from the middle and upper classes
Should government focus on public services or needy services? The argument is whether we should provide benefits or programs to both rich and poor – even though higher income folks can afford to pay for these with ease. If we have a service or program, such as public schools, universal public healthcare, or even public childcare for all – why not open it equally to all members of the public. […]
A hike in Capital Gains tax rate won’t affect IRA or 401K savings withdrawal tax rates or your total $ in savings
While many progressives are seeking to hike an historically very low Capital Gains Tax rate of 15% to 23.8% (compared to regular personal income tax rates), some of the elite, who will pay more under such a change, are leaving public bread crumbs that an increase will hurt average income seniors and reduce their retirement accounts. These greedy “geniuses” are betting that most consumers don’t know the rules for withdrawing […]