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First recorded activity by BoatBanter: Aug 2009
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Default I will pay more in federal income taxes this year than ExxonMobil

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...
On Thu, 8 Apr 2010 22:19:50 -0700, "nom=de=plume"
wrote:

Sure.. there's no absolute certainty that the tax rates will be lower for
those who retire. But, historically, that's what happens.


History is irrelevant


Whew... that's a pretty bold statement. Are you sure you subscribe to that
notion? There are lots of bad things that can happen if you ignore history.

There has never been a retirement cadre the size of the boomers in the
history of the world. Europe is in more trouble than the US because of
their demographics. We are going to end up with less than 3 workers
per retiree. That is unsustainable. There is really no "savings" in
any real way. We are simply invested in the dreams of growth and the
likely rate of growth can't sustain the investment.


Well, I guess we should all hide under the bed. So far, and I haven't heard
one single viable solution to this situation. The Republicans are certainly
doing nothing, not even bothering to work a full schedule. The Democrats are
mostly trying, but the rabid reactions of those on the far right and the
lobbying money flowing aren't helping. When people listen to the likes of
Beck/Rush, guys who make millions a year, guys who couldn't give a hoot
about anyone save themselves, and the people can't figure out they're worse
than snake-oil salesmen, there's no telling what'll happen. I prefer to
believe that sanity will prevail, given our history of making good choices
(eventually).

--
Nom=de=Plume




 
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