In many ways, life was
better for Americans in 1905.
"The working person of 1905 kept his or her money. They ended up saving somewhere between a quarter and a half of everything they made – after living expenses."
Not today.
"The next time you drive through an old part of town and see the grand
old houses, remember that people were able to build and buy them because
their paychecks weren’t stripped bare. There were no income taxes in
1905, no sales taxes, no state taxes, and not much in the way of
property taxes."
I can't imagine. Here's what government theft has done to our savings.
"Your great grandfathers faced very few of the taxes that we face. (The
government survived on tariffs.) There was no social security either,
and – believe it or not – the streets were never full of starving old
people. Families were able to take care of their own – it’s not that hard when you’re saving half of your income!"
Exactly.
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