The President of the United States will receive a retirement package that matches the current salary of cabinet members – approximately $200,000 per year, plus future increases in their salaries. He has a built in, inflation proof pension plan paid in full by his employer- the American taxpayer. You on the other hand, will receive an income based what you are smart enough to put in place during your working years, plus Social Security.
Scanning the media this summer, I see numerous articles describing how our elected leaders are attempting to legislate how they believe we should save for our retirement. Many of us are aware that the rate of savings in this country is dreadfully low. The central theme running through many of the proposed future laws in that like dimwits, we have no common sense and cannot do it ourselves. We must be forced by law to save for our own retirement. And since we are incapable of making good decisions in this regard, our lawmakers will do the thinking for us. Now, how do you think that is going to work out?
Mr. Obama is fond of legislating behaviors that he believes the American populace is to senseless to get right on their own. Our President would love to enact regulations that would drain all profits from the pockets of entrepreneurs and business owners, the people that put their capital at risk so that they and their families might reap the rewards of their own hard work. After all, the “rich” must be made to give up their hard earned wealth and have it redistributed to people who did not earn it.
Our politicians never get tired talking about redistributing income so that they can equalize the income of many Americans.
Adrian Rogers was brilliant, thoughtful and elegant when he spoke the following words, which send a chill up my spine each time I read it.
“You cannot legislate the poor into freedom by legislating the wealthy out of freedom. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is about the end of any nation. You cannot multiply wealth by dividing it.”
Our professional politicians would benefit from repeated reading of Ayn Rand’s “Atlas Shrugged”. The book speaks to what individualism means, and how we must all fight intrusive over -regulation by elected officials who never produced anything.
This country was built on the values and beliefs that people should be free to chart their own course, without interference from the government. This is why a courageous group of patriots transformed their vision into reality and broke away from the British crown. While the government intrudes into our lives more than ever before, we are confronted with a great question.
Who has more of a vested interest in making sure I get my retirement question right, my Congressman or me?
Copyright 2015 by Rodger A. Friedman
Forging Bonds of Steel, LLC