The Constitutional Convention - 1787 to 1789

The Constitutional Convention - 1787 to 1789
The US Constitution

Introduction toThe Way to Wealth...

Thursday, June 3, 2010

The Tax We Impose on Ourselves by Our Folly...

Father Abraham continues...

"…and four times as much by our folly;"


‘Folly: a lack of good sense or normal prudence and foresight; an excessively costly or unprofitable undertaking’ - Merriam-Webster Online.

Have you ever followed a whim and found it to be a folly? Or just entered into a folly, eyes wide open?

Father Abraham identifies the greatest tax that we impose on ourselves as “folly.” The Behemoths have convinced us that folly is wisdom. They want us to believe it’s OK to lose real money today in order to have maybe-money at some undetermined future date. That’s folly: a lack of good sense, normal prudence and foresight; an excessively costly and unprofitable undertaking for you, but not for the Behemoths. That’s how they have become wealthy as we find less and less in our accounts.

Think about it...

We can do better.

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