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.