Zeroing In On a Guaranteed Minimum Annual Income

MLK has been dead a half-century now but, like Shakespeare, his writings never lose their power or truth.

My writing is mostly prompted by news stories of one kind or another. The news in these shaky times is dominated by layoffs, 8,000 here and 10,000 there as business after business is decimated or falls into receivership. Huge retail chains, airlines, hotel brands, all the way down to mom-and-pop enterprises—you name it, it’s in trouble.

I’ve written on this recently, but the true numbers on unemployment in America are shocking. Twenty-five percent is very close to the truth and pockets of joblessness are considerably beyond that.

There’s always a recovery down the road, except when there isn’t

Black Monday is the name commonly attached to the global, sudden, severe, and largely unexpected stock market crash on October 19, 1987. A lot of investors shaken, but a relatively quick two-year recovery. Then there was the Savings and Loan disaster that caused the failure of a third of America…