Pensions Are Cannibalizing the Nation’s Young People by Joy Pullman

So true.  The law of conservation of energy states that energy is neither created or destroyed.  It is analagous to capital.  Government mandated pensions simply redistribute capital thus negating people's natural drive toward self preservation, and it sounds something like this, "Well, that's taken care of, so I'll just go do this instead of that, like buy a boat, or smoke more cigarettes."

The lesson of scarcity for big government types to learn is that people, like animals, will wake every day intent on feeding, clothing, and sheltering themselves.  When you provide those services free of charge, it boosts capital above naturally scarce levels and enables them to allocate their capital in otherwise irresponsible ways.  Have you ever seen people using food stamps for their food and then use their own money for beer and cigarettes?  If they had to choose between food and beer with their own scarce resources, what would they choose?  Let them live and die by their own choices.  Food or beer.  You decide.

Pensions Are Cannibalizing the Nation’s Young People - Joy Pullman - Page 1