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84% of Americans Say There’s Nothing Wrong With Making Money

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First Lady Melania Trump visits the New York Stock Exchange to participate in the timeless tradition of ringing the Opening Bell in celebration of the well being of children, a pillar of her Be Best campaign, Monday, September 23, 2019. (Official White House Photo by Andrea Hanks)

Is there anything wrong with trying to make as much money as you honestly can? According to 84% of Americans, the answer is no. It’s somewhat surprising that 16% of Americans would harbor any doubt about that. Cato Institute research fellow Emily Ekins explains the findings of the new Cato 2019 Welfare, Work and Wealth Survey. She writes:

The Cato 2019 Welfare, Work, and Wealth Survey, a new national poll of 1,700 U.S. adults, finds that 84% of Americans say there is nothing wrong with trying to make as much money as one honestly can. The survey also finds the public believes that growing the economic pie benefits more than just the wealthy: 79% say economic growth will better help people climb out of poverty than more welfare spending.

You can read the entire results of the survey here.

During the last two years, many Americans have been given the opportunity to make more money, as Trump administration policies led to a drastic decline in the rate of unemployment. You can see on my chart below that, under Trump, job openings have outstripped the number of unemployed Americans for 17 months straight.

Benjamin Franklin said in 1766, “I am for doing good to the poor, but…I think the best way of doing good to the poor, is not making them easy in poverty, but leading or driving them out of it.” Trump’s program of tax reform and deregulation has created record low levels of unemployment among African Americans, Hispanics, and Asian Americans.

Those jobs are helping people climb out of poverty, and to reach for the American dream. They’ll begin saving for their retirement life. There’s nothing wrong with making money.

Originally posted on Your Survival Guy.

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E.J. Smith - Your Survival Guy

Preparing your investments and family for when disaster strikes.
E.J. Smith is the Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention. E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@youngresearch.com. Sign up here to receive all the best content from Richardcyoung.com each week.

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