Working Until You Die

www.heritage.org

The War on Poverty: 50 years of failure

This year marks the 50th anniversary of President Lyndon B. Johnson's launch of the War on Poverty. In January 1964, Johnson declared "unconditional war on poverty in America." Since then, the taxpayers have spent $22 trillion on Johnson's war. Adjusted for inflation, that's three times the cost...
www.heritage.org www.heritage.org
 
The economic social contract was broken in 1971.

Cheers,
Ian
 
Corporations? Please explain.

copied from the above War On Poverty...
The culprit is, in part, the welfare system itself, which discourages work and penalizes marriage. When the War on Poverty began, 7 percent of American children were born outside marriage. Today the number is 41 percent. The collapse of marriage is the main cause of child poverty today.

Woe is me.
 
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wtfhappenedin1971.com

WTF Happened In 1971?

https://inflationdata.com/articles/2022/08/10/u-s-cumulative-inflation-since-1913/ "I don't believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can't take it violently out of the hands of government, all we can do is by some sly...
wtfhappenedin1971.com wtfhappenedin1971.com
 
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The learning curve for students often decreased during segregation due to unequal access to resources and educational opportunities, particularly for Black students in segregated schools. The 1971 Supreme Court decision in Swann v. Charlotte-Mecklenburg Board of Education allowed for busing to promote integration, aiming to improve educational equity and outcomes. Wikipedia epi.org

The ninth grade taught me more than high school. I was in school during those times.



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Back to 1971, it was in August of that year that President Nixon severed the dollar’s link to gold.
What happened in 1971 is that the dollar’s value declined, only for the cost of creating wealth to soar. It’s very simple.
John Tamny, Forbes


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In 1971, the official price of gold was approximately $40.62 per ounce, but it was allowed to float freely later that year, leading to market prices around $70 per ounce by the end of the year. This marked the beginning of a significant change in how gold was valued after the U.S. abandoned the gold standard. thealloymarket.com Vaulted
 
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WASHINGTON (AP) — The United States under the Biden and Trump administrations has provided at least $21.7 billion in military assistance to Israel since the start of the Gaza war two years ago, according to a new academic study published Tuesday, the second anniversary of the Oct. 7, 2023, Hamas attacks in Israel that provoked the conflict.

Last year, government spent $943 billion dollars providing cash, food, housing and medical care to poor and low-income Americans. (That figure doesn't include Social Security or Medicare.)
 
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