Taxes are too high for those needing to save for retirement. The skim creates hardship. Including for the supposed rich who may temporarily enjoy higher gross annual incomes. And taxes including Mr. FICA are a stinkin’ rip-off.

204% — That’s how much bankruptcies have jumped for older folks since the early ’90s, according to a study cited in the New York Times. “Driving the surge,” writes Tara Siegel Bernard, “is a three-decade shift of financial risk from government and employers to individuals, who are bearing an ever-greater responsibility for their own financial well-being as the social safety net shrinks.”

— Read on www.marketwatch.com/story/warren-buffetts-favorite-metric-suggests-some-serious-pain-awaits-investors-2018-08-06

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