It’s Another Assault on Retirement Accounts

Simon Black

7/28/2011

When I was a kid, it was a big deal when the postman came around. He was an important man carrying important documents from far away lands that we could only dream about… and each time he pulled up there was a brief glimmer of anxiety, wondering what unexpected surprise he might be delivering that day.

At the time, I remember postage stamps for first class mail costing about 20 cents. If you’re a bit older than me, you might remember them being much cheaper than that.

In fact, prior to President Nixon taking the US dollar off the gold standard in 1971, stamps cost 6 cents. In the 40 years since then, the price of a first class letter has been raised 20 times, nearly 8-fold higher than before.

And now… the rest of the story. …..

Advertisement