I'd say the main way people get into terrible financial trouble is just to spend too much money relative to their income, and that is an endemic problem in the United States of America, and that's the kind of thing that should be taught about in schools.
Ben SteinIf there's a recession, I'd buy stocks. That's when you make money: when markets are spooked.
Ben SteinThe ordinary American - as far as I can tell - knows so much less than he did fifty years ago and has such poor work habits compared with fifty years ago that the average multiplicand of knowledge/capabilities is a much smaller number than it was in 1961.
Ben SteinPut simply, the rich pay a lot of taxes as a total percentage of taxes collected, but they don't pay a lot of taxes as a percentage of what they can afford to pay, or as a percentage of what the government needs to close the deficit gap.
Ben Stein