T
Trader
Guest
In 1994 I was homeless for five weeks. The direct cause was the government. An armed sheriff’s deputy showed up at my door to inform me that the woman now known as my evil ex-wife had filed for divorce and signed a sworn document that she was afraid of me because I had threatened her. The charge was a deliberate act of perjury, which is a felony crime in Indiana, but rarely prosecuted. Since I was self-employed working out of the home paid for in full with money I had earned and saved before marriage, I still owned the home, but was suddenly unemployed and homeless as the victim of a serious crime.
I have posted this before, but more than a year ago. It was written in response to what the USCCB Campaign for Human Development left out of its annual letter.
If you really want to reduce poverty in the US:
I have posted this before, but more than a year ago. It was written in response to what the USCCB Campaign for Human Development left out of its annual letter.
If you really want to reduce poverty in the US:
- Teach people to respect the person and property of others. Crime is major cause of poverty.
- Teach people to keep their word and do it from an early age. The #1 factor in your credit score is about how you keep your word on financial matters, and the lifetime difference between good credit and bad credit is about $200,000.
- Teach people to get their priorities straight. In 1982 the federal government allowed individuals to save $2000 per year for retirement tax deferred in an IRA. Many of my friends chose to spend $2000 per year on cigarettes and beer. I chose to save that $2000 each year for 20 years and now have more than $500,000 in that IRA.
- Most important, teach people to respect marriage. The disrespect for marriage is the #1 cause of poverty in the US. A family headed by a single woman is five times as likely to live in poverty as a family headed by a married couple, and those official government figures do not even include that single parent families have higher expenses for health care, child care, and legal aid.