Posted on 06/15/2015 12:22:04 PM PDT by Cincinatus' Wife
Singapore got there by shunning leftist ideology.
It is not just the left.
Notice what party is fighting for TPP, and who is advocating for open borders.
perhaps the solution is to import a bunch of people from south of the border.
I’m, not talking about your specific situation.
Back in the 40s 50s and 60s my folks and millions of others brought homes on one single income. Mom was able to stay home. Jobs were secure and had benefits and yes retirement pensions.
You do understand that’s all but history for the boomers and their kids right?
My Mom could not understand what boomers were paying in 4 or 6 months of mortgage payments, was what they paid TOTAL price for their homes. Read this again real slow.
These are the ugly brutal facts, millions deal with it.
Whatever the sins of the boomers, they weren't really responsible for the corporate raider economy of the 80s and 90s. They were the generation coming up then, but the bosses were still older men who came of age in the 40s and 50s. The boomers only played subordinate roles until they filled their old bosses shoes.
TPP IS open borders with no possibility of being able to close the door.
And the GOP is fighting for it.
I'm feeling a severe micro-aggression coming on...
-PJ
Not all of them :)
Take 2 martinis and call me in the morning.
The aftermath of WWII allowed us the competitive advantage. That is over, and the leveling of the playing field is obvious. New tech simply leaves expensive labor markets out of the loop.
BTW, that's total bull sh*t. Most would never have zip today. Try buying homes, delivering 3 babies and everything that goes with it, insurance, 75 dollars to fill their freaking gas tanks and on and on. In fact, most don't have squat and are barely making it on *two* incomes today. That's if they're lucky enough to have full time jobs.
Why do you think the American middle class is all but dead on the floor?
Get real.
I like your idea and there are lots of us in the same echo chamber. The 16th amendment needs to be abolished first however. Everyone pays the same “rate”. No kick backs, no loopholes, no graduated income brackets. Beyond that, fedzilla operates within its means. If the money is not “there”, entire agencies start massive cutbacks if not entire agencies wiped from the books.
I believe at last count (and this was a handful of years back) there were 4500+ federal agencies. 4500. We simply DO NOT need that much government.
From this 1951r.
Contributions to Social Security, by me, wife and employers should pay us around $100,000 per year if grown with the S&P500. We will collect a small fraction of that.
The move out of suburbs hurt RE values there, but gen Xrs must be making a killing in Brooklyn-Hoboken-UES-Marina District-SOMA etc.
The H1Bs taking the Silicon Valley jobs are getting US market wages, usually in the low 100s. They marry each other and can afford most anything, anywhere. Our children can (and do) train and obtain these high paying jobs.
Fracking has made fossil fuels virtually unlimited.
My Millenial daughters have been to Europe for fun many times, usually at their own expense, at a younger age than when I went there.
Salon missed it big time.
And yet the middle class keeps voting for it.
Isn’t Obamaland great? :)
The air traffic controllers were FEDERAL workers, and yes, part of that AFGE mess.
They, against their federal employment contract, decided to GO ON STRIKE, which was illegal.
Therefore, they, not Reagan, are to blame for their own demise.
Duh.
With any retirement-savings plan; you're supposed to get back more than you paid in. It's simple arithmetic.
You let your payments be distributed immediately to your parents...
We "Let" that happen? Like we had a choice? As if it was our idea? Are you nuts?
Apparently you are unaware that Social Security wasn't sold to us as the Ponzi scheme that it really is. We were told that our "contributions" were to earn interest, like any retirement fund. We know now that there was no "trust fund" earning interest. So that was a lie. But it wasn't our lie. We were the ones who were lied to.
For most of us Middle-Class Boomers, our return-on-investment from Social Security is less than 2%. Less than what Passbook-Savings-Account interest averaged over the past 50 years.
It isn't a freebie. It's a scam. And the scam is on those of us who paid into it for decades; and who now receive somewhere between one-half and one-fourth of what we would be receiving if our money had gone into average interest-bearing retirement accounts.
But don't worry; when you reach retirement age, I'm sure your grandchildren's generation will be more than happy to pay for your retirement.
This is just the latest tech disruption, they always wipe out major swaths of employment until people settle on new ways to get out in front of it. My job category has been decimated and I’m training for something else.
In the past people who were good enough at getting ahead of the disruption made a fortune.
I think we should be going back to strategies that served previous generations well (not living above your means, valuing family).
***** “The left doesn’t understand the concept of ‘creating value’ thus creating REAL wealth” *****
Exactly .... “You didn’t build that”
They don’t have a clue, or they do and prefer to Lie.
TT
The real blame is shared between the left and the Kondratieff winter we’re living through. Even if we get rid of all the destructive left-wing policies starting in 2017, the middle class won’t come back until capitalism rebuilds itself with a generation that has to work to create and accumulate capital, rather than coasting on what the last three generations built.
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