January 1996 In Florida, at about this time of year, the interstate highways are crowded with retirees and their RVs. Many of them have bumper-stickers which say, ‘We’re spending our children’s inheritance’. I think what they’re really saying is that they intend to consume some of the fruits of a well-spent life themselves and pass on what’s left to their children. It’s one thing for those who’ve earned their ‘golden years’ to spend their own money doing what they want with it. However, it’s quite another thing for well-paid fat cat bureaucrats to spend savings that they haven’t earned and which has been wrested from the public in the form of multiple taxes.
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