The Media Simply Does Not Understand Econ

If You Are Wealthy Enough, Use Part Or All Of Your Social Security Proceeds To Invest In A Favorite Cause Or Two. Invest 10 Percent Or 100 Percent Of Your Monthly Social Security Check In Your Favorite Charity, Foundation, Think Tank, Church Or Synagogue, Or Other Good Cause.

One Suggestion My Wife And I Have Used In Our Personal Finance Courses We Teach At College Is Simply Writing Down All Expenditures And Seeing Where The Money Goes. That Alone Will Cause Heads Of Households To Think Twice About X, Y Or Z Expenditure, And To Consider Carefully Whether They Really Need Something Or Not.

Banking Technology Has Made It Simple And Efficient To Invest In Good Causes.

The Fundamental Flaw In Social Security And Medicare Is That They Violate The 'welfare Principle' In Economics. The Welfare Principle Forms The Fundamental Basis Of All Charitable Work In Churches And Other Private Organizations: Assist Those Who Need Help, And Equally Important, Don't Assist Individuals Who Can Take Care Of Themselves.

Donating Money To A Few Of My Favorite Free-market Organizations Used To Be A Pleasant Duty, But Now I'm Literally Inundated With Demands From Hundreds Of Think Tanks And Public-policy Groups, All Vying For My Limited Funds