Saturday, January 26, 2008

From The Department Of Duh...

Here's a real shocking story out of Great Britain, it seems that a full two-thirds of Brits who are about to be approaching their later, retiree years have no plans to save up any money to help pay for any of the medical care they might need in their old age. The even bigger shocka, the reason they're not saving is because most expect the government to just give them money when they need it.

What a surprise, raising a bunch of people on government handouts causes them to stop being responsible for themselves. Indeed, conditioning people to expect government welfare does, in fact, create a disincentive for saving (or making) one's own money. It's really not that hard to figure out, assuming you have a basic understanding of human nature and a little bit of common sense. I mean, would you save your money for retirement if you knew the government was going to give you whatever you might need anyways?

Alas, this is why, many years ago, Benjamin Franklin disliked the idea of public welfare - because he knew that people would just take advantage of the system and use it to avoid responsibility for their actions and futures. Plus, allowing people to live freely without having to seriously plan for their futures, and, instead, expecting the government to bail them out, creates nothing more than a nation of government-owned slaves.

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