SAVINGS AND WORK ARE BECOMING DIRTY WORDS
SAVINGS AND WORK ARE BECOMING DIRTY WORDS
By Domenick J. Maglio PhD. Traditional Realist
American values are supposedly radically changing by greater
acceptance of socialist style government. Polls are showing a large percentage
of millenials favor socialism/communism over capitalism. Revisionist history and civics in the public
school and progressive university professors believe in indoctrinating college
students to the virtues of socialism and communism over the free market. All of
these factors have had a profound impact on our culture.
The educational institutions have self-promoted the need for
higher degrees, which has stimulated a high-priced industry. College tuition
has exploded. Parents and students have been taught to believe that university
degrees are necessary to obtain an above livable wage. College graduates on the
average are over $37,000 in debt after being sold a bill-of-goods that a
college degree will insure a professional position with excellent salary and
benefits. The negative impact of these exaggerated promises of wealth after
graduating is what encourages students to live above their means. They piled up
debt as college tuitions have escalated with a vengeance. The students rarely
consider the price in choosing a university or working part time jobs at
school. Instead they think their degreed position will take care of the
problem.
Many of these students with huge debt upon leaving the ivory
towers accept a position far below their inflated expectations. They are realizing
the hole they have dug for themselves. The most obvious way to reverse the
college student financial disaster is to join the too-good-to be-true socialist
movement. The progressive politicians
are advocating forgiving all college loans. This potential progressive policy
is hard to resist when your loan remains the same after paying only the
smallest amount for years.
Additionally, the progressive politicians are talking about
guaranteeing money to each family for their housing, food stuffs and medical
services. This policy would make work and savings passé. It would indeed be an
answer to these millenials who are ignorant of elementary economics and
training in reality.
Savings and work have been under attack as a social safety
net since the Lyndon Johnson, “Great Society.”
As our federal government has increased benefits to gain votes in our
elections, there has been a movement away from the work ethic and saving for
the inevitable “rainy day.” Each new government “give away” program has seduced
more citizens to trade in reality for false promises. The increased dependency
on the “nanny government” has led Americans down a path of expanding taxes for
the productive people to transfer their money to people who know how to play
this socialistic welfare system
These players of the system have learned to become victims
in exchange for their personal dignity and freedom. The promises of free
housing, food, vacations, health care, education and financial assistance is
beyond naïve. It is discernably false.
Most parents no longer view their mission as training their
children how to survive when they are deceased. Many have assets that the
children will inherit making them financially independent according to the
parent’s wishful thinking. Millenial “fund babies” will explode on the horizon
when their Baby Boomer parents pass on but will vanish without learning to
control their spending.
As Bobby Dylan sang, “The Times They are A Changing,” is a
summary of what is happening today. No one can predict natural or personal
catastrophes or changes in the stability of a nation’s character. Confiscation
of property by exorbitant taxes, or outright confiscation, unrealistic high
minimum wages, depression, or being conquered by another nation or a host of
other occurrences would radically alter these “takers” lifestyle.
Productive, hardworking and frugal citizens have created the
USA’s incredible wealth. Redistributing their hard-earned wealth will only last
so long. We have seen throughout history, there is no guarantee the US will
remain a beacon of freedom and prosperity. The Venezuela debacle of being reduced
to a banana dictatorship should enlighten the millenials. Without wise, moral
parents and historical training we are doomed to decay and losing our dignity
and freedom. However, they are not being taught these moral truths in public
school or in higher education.
Our corrupt politicians must be punished with consequences
for their corrupt deeds or they will lead us into greater wasteful ways. We
need to reward the work ethic and living within one’s means by reducing the socio/economic
safety-net and stop victimhood as destructive to our free capitalist society.
If citizens live within their means and work hard, they will
climb the socio-economic ladder. When people honestly earn their assets or
their wealth, they greatly appreciate the opportunity the USA affords them. It
is the American way that will allow us to maintain our status as a moral and
prosperous country.
Domenick Maglio, PhD.
is a columnist carried by various newspapers, an author of several books and
owner/director of Wider Horizons School, a college prep program. Dr. Maglio is
an author of weekly newspaper articles, INVASION WITHIN and a new book entitled, IN CHARGE
PARENTING In a PC World. You can see many of Dr. Maglio’s articles at
www.drmaglioblogspot.com.