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Originally Posted by globalexpress
(Post 1578007)
Don't talk in parables. Talk in math.
They are coming for your money, and they will get it. One way or another. They will tax it, and they will take it in ways they don't call a tax. They will inflate it away and they will use what you have left to means test you out of other benefits which is the same as a tax. Save, diversify and pay down debt. That's all you can do. You won't be getting any "tax free" income in a couple decades. And if you do, it will trigger financial hits every bit as expensive as a retroactive tax on what you thought was going to be tax free. The masses will vote for your money, one way or another. |
Originally Posted by gloopy
(Post 1578396)
Our completely unrepayable debt and comically unpayable long term unfunded obligations are all the math you need to know. Meanwhile there are trillions of sitting duck dollars in all these affluent middle class retirement vehicles, the vast majority of which belong to the upper 51%.
They are coming for your money, and they will get it. One way or another. They will tax it, and they will take it in ways they don't call a tax. They will inflate it away and they will use what you have left to means test you out of other benefits which is the same as a tax. Save, diversify and pay down debt. That's all you can do. You won't be getting any "tax free" income in a couple decades. And if you do, it will trigger financial hits every bit as expensive as a retroactive tax on what you thought was going to be tax free. The masses will vote for your money, one way or another. |
I certainly understand the sentiment. The way things look today, that seems like a logical outcome. But you have to remember that we're currently under the Obama Malaise and things could change in the future. This country has demonstrated great resilience in the past. I wouldn't give up on it yet. HRC - Eight more years. Doomed = Ten more years. I'm purchasing property "outside" of the U.S. GJ |
Originally Posted by Gearjerk
(Post 1578436)
BHO - Two more years.
HRC - Eight more years. Doomed = Ten more years. I'm purchasing property "outside" of the U.S. GJ |
Originally Posted by DAL 88 Driver
(Post 1578426)
I certainly understand the sentiment. The way things look today, that seems like a logical outcome. But you have to remember that we're currently under the Obama Malaise and things could change in the future. This country has demonstrated great resilience in the past. I wouldn't give up on it yet.
PS our 250 year history isn't enough time to demonstrate "great" resilience. Snowmaggedon ATL, make it last all winter...what's that look like? |
Bay Islands in Honduras are nice, and not overly fond of Barry. |
Originally Posted by scambo1
(Post 1578445)
Yeah. Russia demonstrated great resilience after the ruble went to worthless too. The problem is, it went to worthless.
PS our 250 year history isn't enough time to demonstrate "great" resilience. Snowmaggedon ATL, make it last all winter...what's that look like? |
Originally Posted by gloopy
(Post 1578396)
Our completely unrepayable debt and comically unpayable long term unfunded obligations are all the math you need to know. Meanwhile there are trillions of sitting duck dollars in all these affluent middle class retirement vehicles, the vast majority of which belong to the upper 51%.
They are coming for your money, and they will get it. One way or another. They will tax it, and they will take it in ways they don't call a tax. They will inflate it away and they will use what you have left to means test you out of other benefits which is the same as a tax. Save, diversify and pay down debt. That's all you can do. You won't be getting any "tax free" income in a couple decades. And if you do, it will trigger financial hits every bit as expensive as a retroactive tax on what you thought was going to be tax free. The masses will vote for your money, one way or another. |
Originally Posted by DAL 88 Driver
(Post 1578426)
I certainly understand the sentiment. The way things look today, that seems like a logical outcome. But you have to remember that we're currently under the Obama Malaise and things could change in the future. This country has demonstrated great resilience in the past. I wouldn't give up on it yet.
At least pot will be legal in most states by then..... |
Originally Posted by globalexpress
(Post 1578618)
Wow! I didn't know you could predict the future! And I didn't realize that our debt was "unrepayable?" That's news to me too. And the rest of the world. So entities, like foreign countries, are buying our government's bonds knowing that we're never going to be able to pay the back or we're going to turn on the printing presses until our money is worth nothing? Hmmm.....
Obviously not. |
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