November 11, 2011

On an announcement by the Department of Education that schools should start teaching personal finance classes to children in kindergarten…

Why would kindergarten students need to know anything about personal finance? By the time they grow up they’re not going to have any money of their own, it’s gonna all be the government’s. They are not going to have to worry about buying food; it’ll all be provided by the government. They won’t be buying homes or maybe even paying rent – they’ll be living in government-subsidized housing. They won’t have to buy a car, they’ll be given an electric car or told to ride mass transit.