Friday, January 24, 2020

Recommended: Fear the Future


Philip Klein's little 2018 book Fear Your Future: How The Deck Is Stacked Against Millennials and Why Socialism Would Make It Worse covers some of the same arguments that I made back in nine posts back in April of 2017 (see the first one here), but with a lot more data. In essence, decades of politicians in both parties voting us expensive government programs without raising the taxes needed to fund them have built a massive national debt, which the Millennials are inheriting at the very moment when they are struggling to get into the work force and build their own wealth.  Klein argues that the situation could still be saved, just, with bold action now, but that the political system seems incapable of acting. And socialism, which seems to be attracting the young these days, will simply make the situation worse.