Charles Hugh Smith explains why either a tax revolt or local, state and federal governments literally going broke will finally force the needed changes…
Today we have Charles Hugh Smith. He is an author and leading global finance blogger and America’s philosopher – we call him. He’s the author of nine books on our Economy and Society including A Radically Beneficial World; Automation, Technology and Creating Jobs for All, Resistance, Revolution, Liberation: A Model for Positive Change and the Nearly Free University in the Emerging Economy. His blog oftwominds.com has logged over 55 million page views and number 7 on CNBC’s top alternative finance sites. Welcome, Charles!
I thought today that we’d do a discussion on what you actually wrote about recently: the tension between the public sector and the private sector. In particular, between public pensioners and the population that pays for that – mainly in the form of property taxes and other fees. This is happening all over North America – this growing tension. Likely to result in a growing pension crisis across the continent and also globally too. This is a global problem as well and just wondering about your thoughts initially on that from your recent writings.
Tune in to the interview in its entirety below for an in-depth look as the failing pension and retirement systems across America: