Archive for John D. McGinnis

Yes, Virginia, There Is a Social Security Trust Fund

My 12-year-old niece, Virginia, wrote me this letter. My reply follows. “Dear Uncle John, I have a teacher, Mr. Pyrrho, who says there is no trust fund for Social Security. When I asked Mom about this, she said, “Ask your Uncle John. If he agrees then it must be so.” Please tell me the truth, [...]

1Sep2005 | John D. McGinnis | 0 comments | Continued

The Costs of Tax and Spend

In 1992, Americans worked from January 1 to May 5 just to pay their taxes. According to the Tax Foundation, this portion of the calendar year represents the portion of their total income Americans, on average, pay in taxes. But the whole truth about taxes and spending, however, is much worse than this. The Arithmetic [...]

1Apr1993 | John D. McGinnis | 0 comments | Continued
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