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posted to rec.boats
nom=de=plume nom=de=plume is offline
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First recorded activity by BoatBanter: Aug 2009
Posts: 5,427
Default I will pay more in federal income taxes this year than ExxonMobil

wrote in message
...
On Fri, 9 Apr 2010 00:10:40 -0700, "nom=de=plume"
wrote:

wrote in message
. ..
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.

Nothing like this has ever happened in history, at least not recently.
see below.


Come on.. Again, it's not like the world is ending. Things change. It's part
of life.


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,


How are the democrats trying? Certainly not by addressing the deficit.
In this regard there is no difference between the parties.
I would not plan on getting everything you think you are "entitled"
to.,


They ARE addressing the deficit by passing healthcare reform. I'm going to
take the CBO's word for it on this, not to mention most economists. You'll
forgive me if I don't take your word for it. As to 'getting everything', I'm
not sure what that has to do with the previous sentence.

Hiding under the bed is not the answer but shedding your personal
debt and being prepared to live very cheaply is not a bad plan. You
better have the home to keep that bed, you want to hide under, paid
for.


Well, that's always a good plan.

Then you only have to be afraid that the government will tax you out
of it.


Property tax increases are always a possibility, although not very
politically viable. Sure. Anything is possible, including asteroids
destroying the earth.

--
Nom=de=Plume