03 August 2015

Forecast: reality.

Bankrupt governments invariably resort to plundering the wealth of their citizens. Inflation. Higher taxes. Confiscation of assets. Indebting unborn generations. And defaulting on the benefits promises they made to voters.

It’s time to face reality. And to start working on a Plan B.[1]

But, they mean well.

[1] "The latest government trust fund to go bankrupt." By Simon Black, Soveriegn Man, 7/31/15.

H/t: Remus.

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