DO YOU WONDER why the world seems worse than it is? Well, some say our primitive biases and fears are magnified by online algorithms.

We have a natural tendency to seek information that confirms our pre-existing views and discount information that doesn’t. That’s called confirmation bias and social media algorithms lump us into buckets and constantly feed us info that conforms to what we’ve previously showed an interest in.

Because of social media, a positive story becomes glowing, a negative story turns horrific like the tall tales of ancient oral tradition.

Before the internet, life choices were made based on a trickle of information. But now, information is shot at us like it’s coming from a fire hose. The 24/7 news cycle makes every event around the world seem like it is happening in our own backyard.



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CAN YOU cover an unexpected $400 expense? Would missing one or two payroll checks cause a crisis with your family’s finances?

Several recent studies have found that 40% of Americans don’t have the cash on hand to meet an unexpected expense and those Americans would have to borrow the money or put the expense on their credit card.

The Federal Reserve Board said 33% of respondents said they are living comfortably and 40% said they are doing OK financially. Most workers are satisfied with their wages and benefits and are optimistic about their future job opportunities.

Fewer than 40% of adults think their retirement savings are on track; 25% of Americans said they have no retirement savings at all.

One thing that needs to be kept in mind is some people simply have no financial discipline and they spend more than they earn. We’re a credit economy. Many people choose to live by the creed of buy now and pay later.

Where you live matters. The cost of living can be different. There are households that bring home $1,500 a week, but they spend $1,750 a week. Some have no choice but to overspend, but others are addicted to debt.



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DOES THIS story describe your situation or that of someone you know?

Lena woke during the night to find that Ole was not in their bed. She put on her robe and went downstairs to look for him. She found him sitting at the kitchen table with a hot cup of coffee and staring at the wall.

She watched as he wiped a tear from his eye and took a sip of his coffee. “What’s the matter, dear?” she whispered as she stepped into the room. “Why are you down here at this time of night?”

Ole looked up from his coffee. “I am just remembering when we first met 20 years ago and started dating. You were only 16. Do you remember back then?” he asked.

Lena is touched to tears, thinking that Ole is so caring, so sensitive. “Yes, I do.”

Ole paused. The words were not coming easily. “Do you remember when your father caught us in the back seat of my car?”

“Yes, I remember,” said Lena, lowering herself into a chair beside him.

Ole continued. “Do you remember when he shoved the shotgun in my face and said ‘Either you marry my daughter or I will send you to jail for 20 years?’ ”

“I remember that, too,” she replied softly.

He wiped another tear from his cheek and said “I would have gotten out today.”



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IN POLITICS, it’s called a dog whistle phrase. Beware of desperate liberal candidates who pander for attention by saying “It’s time we make all successful, hard-working Americans pay their fair share of taxes.”

These candidates are selling socialism. They support class warfare and want to redistribute wealth. The rhetoric sounds good, but is baseless and deceptive.

Who doesn’t want to stick it to the rich? After all, wealthy families won’t miss the money. We need that tax revenue to pay for free college, Medicare for all, fighting climate change and other progressive social issues.

Bernie Sanders and Alexandria Ocasio-Cortez want to impose a 70% top-marginal income tax rate. Elizabeth Warren wants a wealth tax of 2% on people with more than $50 million in assets and 3% on the assets of billionaires. “Chump change.”

Fair share? The Congressional Budget Office tells us the top 1% of earners now pay 35% of all federal income taxes. The top 10% pay 53% and the top 20% pay 84%. The Pew Research Center figures households with incomes of at least $200,000 pay 59% of federal income taxes.

The Tax Policy Center reports that 76.4 million (44.4%) of Americans pay no federal income tax. They are often entry-level workers and the elderly. They do pay sales, Federal Insurance Contributions Act and property taxes.