Posted on 07/25/2013 11:14:41 AM PDT by SeekAndFind
Let’s offshore more jobs so that there’s not a chance in H*** that we have enough workers to take care of our retirees.
Let’s offshore more jobs so that there’s not a chance in H*** that we have enough workers to take care of our retirees.
If I said “Give me all your retirement money, I’ll spend it, and then pay you when you retire out of whatever I am making then” you would laugh your head off at me
By the way, he was a DemocRAT.
Well, it certainly seems to be the case around where I live.
Well, the problem certainly isn’t limited to Detroit...
agreed... look, I am 60 and I’m one of those that will never be able to retire... never.... and I’m not crying about it, I’m more than willing to keep working. in fact, I think that would be best thing for me anyway.. that is to say, it’s good to keep occupied and have a task with responsibilities... most the retired folks I see, (with exceptions of course ) are 24/7 TV watchers. they get lazy, they lose focus, they begin to fade away....
Raise the retirement age to 71 to 73... that seems reasonable, considering modern healthcare advances.
and I’ll be d*amned if I’m going to pay taxes for someone who worked for the gov, to have a nice cozy retirement.. and that goes for teachers, etc... no exceptions...
but who am I kidding... of course that will happen... some of us are “more equal than others”.... sheesh Orwell had it figured out so long ago...
Right, but the article was about Detroit.
Setroit is the poster city for fraud and corruption.
Retirement at age 65 is a thing of the past and I like a lot of baby boomers will be working at least part time until I drop or am euthanized by Obamacare.
Of course no one (but me and a handful of others) paid the least bit of attention. America has been on a "Laissez le bon temps rouler" binge since the end of WWII. We've been living in an economic fool's paradise on borrowed and fiat money. That's all about to come to an end with tragic consequences for our country and the world.
hey, the dems have a plan for this: grant citizenship to all the illegals. they can pay for everything by mowing lawns and paying taxes., problem solved.
This boomer has no pensions but savings through IRA’s and 401-K. No guarantees but at least no government or corporation can jack it away in theft-—at least at this point in time. Pensions via govt tied in to taxpayers funding them to stay afloat. Social Insecurity for the future funds is not a sure bet though.
Phil Mickelson, professional golfer, age 43. Won approximately 2.2 million dollars in Scotland over the past two weeks, by winning first the Scottish Open, and then British Open. Sounds like a nice haul for two weeks' work.
I'm sure it was discussed here somewhere on FR, that he will be taxed at 60% -- in the UK! This isn't even counting US federal and state taxes he'll pay in California!
You may have heard about the high tax rate in the UK, and what they'll do to professional athletes. Have you also heard about the tax he, and every other athlete also has to pay while in the UK? For those athletes receiving "global endorsement money," they have to pay taxes on that, as well. The compute that tax by taking the total value of their endorsements, and then divide it by the number of days they actually worked in the UK! Outrageous! Mickelson earned something like $44 million in endorsements last year, and has to use that figure as the basis for computing his endorsement tax.
And don't forget, the UK has VAT, property, and all sorts of income taxes. Don't think for one minute that US politicians aren't thinking of ways to tax us more. It's just a matter of time.
" People will oppress each other-- man against man, neighbor against neighbor. The young will rise up against the old, the nobody against the honored."
I’m the same. All self-funded. Almost every company has pulled away from defined pension programs and instead offers some form of accumulation plan. Even FERS has done it though many, including FERS, offer what amounts to a retirement insurance policy that you and I can’t get. We can only get a variable or flat annuity. Both are only for fools. Inflation will eat up a flat annuity and the variable is the same as equities, uncertain.
When I got out of university and hired on in 1978 and went in to HR to sign up in all the benefits I asked about the financial security of the retirement plan and the board of trustees. I got the strangest look from the HR manager. He said nobody had ever asked him that question before.
My FRiend, I am not the least bit sure at all that what we have saved will not be jacked away in theft. I think it will. I think someone will decide you or I have too much and take it away from us. That is where we are headed right now. Pure Communism. There will come a time before we are dead that there will be no private property. We need to be completely realistic, brutally honest about our state of affairs. It is dismal.
Not enough jobs
Not enough people trained or willing to work
Too many just content to make you pay for them to live
Stagnant economy
Over regulated
Over taxed
Destroyed health care program that cost more than normal people can pay
Waste
Fraud
Corruption
Lawlessness in every place you look
and
as a nation we do not know God.
I saw that article. He can offset the UK tax on his US taxes but still has to pay the California tax on his income, his caddys fee, and pay for his transportation etc. It looks like he might pocket 25% of his winnings. I don’t understand why he’s still living in California though. He made a big deal of complaining about the tax rate there earlier this year. The only way to remedy that is to leave.
You know, they may have much more than they can ever spend but it is theirs, they earned it. It is not the government’s or my or your money. It is theirs and nobody has the right to tax it away from them in a disproportionate way compared to what anyone else pays in tax rates.
This is what I believe that will happen, but when? My best estimates are when social security runs out of money, 2033? And, as soon as 2027 unless we dump obamacare.
Please see post #36.
What I want to know is what are you going to do when they just take your personal investments out of your accounts? They will tell you they are going to do it first, you can protest all you want but one day you are going to look and it will be just gone. You’ll be lucky if they leave you an IOU note.
The rule of law is dead. I think it is not going to be resuscitated.
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