Airline Pension Plans
02-10-2014 | 10:47 AM
#51
Gets Weekends Off
Joined: Jul 2010
Posts: 12,823
Likes: 166
From: window seat
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.
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.
02-10-2014 | 11:35 AM
#52
At home on the maddog!
Joined: Mar 2009
Posts: 2,874
Likes: 0
From: Retired (mandatory age 65)
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.
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.
02-10-2014 | 11:49 AM
#53
Gets Weekends Off
Joined: Sep 2008
Posts: 1,685
Likes: 0
From: "Prof" button manipulator
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
02-10-2014 | 11:57 AM
#54
Gets Weekends Off
Joined: Apr 2011
Posts: 5,816
Likes: 5
From: retired 767(dl)
02-10-2014 | 12:02 PM
#55
The Brown Dot +1
Joined: Jun 2009
Posts: 7,775
Likes: 0
From: 777B
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?
02-10-2014 | 01:22 PM
#57
At home on the maddog!
Joined: Mar 2009
Posts: 2,874
Likes: 0
From: Retired (mandatory age 65)
02-10-2014 | 05:26 PM
#58
Gets Weekends Off
Joined: May 2009
Posts: 474
Likes: 0
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.
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.
02-10-2014 | 08:32 PM
#59
No longer cares
Joined: Mar 2008
Posts: 12,109
Likes: 0
From: 767er Captain
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.....
02-10-2014 | 08:33 PM
#60
No longer cares
Joined: Mar 2008
Posts: 12,109
Likes: 0
From: 767er Captain
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.
Thread
Thread Starter
Forum
Replies
Last Post
