"The Way to Wealth," by Benjamin Franklin: The tax we impose on ourselves by our idlenessBlog added by Jeffrey Reeves on October 26, 2010
Jeffrey Reeves MA

Jeffrey Reeves

Denver, CO

Joined: March 24, 2010

My Company

EUREKONOMICS[tm]

Editor's note: Jeffrey Reeves' introduction provides an overview of this weekly blog series
    “…We are taxed twice as much by our idleness,”
    — Benjamin Franklin in the persona of Father Abraham
Father Abraham’s math might be a bit obscure but one thing is certain: Individually and collectively, we lose both income and assets by failing to act when we sit on the sidelines in lieu of taking action that is appropriate or required.

Money comes from work. Success comes from handling that money well. That’s more work.

We Americans are masters when it comes to making money from their work, but we have given in to idleness when it comes to the management of our money. We have allowed the behemoths to convince us that they know better than we do what is best for us. We have surrendered power over our own money to self-serving strangers. That is a greater burden than taxes ever could be.

A painful realization.
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