Ah hah! Finally someone else who thinks like me.
The conclusion is obvious in that you will pay much more taxes, and keep less of what you think is yours. Benefts you have been promised will get worse. Perhaps the taxes and benefit cuts will come directly. Or perhaps the hidden taxes and cuts will come via inflation.
Just wistful thinking there, my lady.
... I really don't care what everyone thinks as long as they and the government keep their hands off my money.
Oh bother. No one talks about outright property confiscation or any violence here.
The hacienda is well covered by Strum, Smith, Merlin and company.
OK, so none of us wants to have compassion or share with the grasshoppers. But there are ways to make you share, and it does not have to involve violence at all.
It so happens that I found the following in Otar's book that has been discussed in other threads.
Inflation is one of the most efficient ways of transferring wealth from those who derive their income from capital (most retirees) to those who derive their income from work. I have no doubt that the next generation, overburdened with the debt that our generation created, will be successful in bringing back inflation when the time is right for them.
So, inflation is a way for the younger generation to get back at us, the bastard baby boomers who screwed things up for them. Inflation is a way to make us share. And then, there will be SS means testing, and various other taxes.
As parents, when we ourselves talk about the younger generation, it is not a faceless class. How can we enjoy retirement putzing around when our kids labor hard to pay for our generation past excesses? We will have to share, not just with our own kids, but also other people's kids. But how about Mr. Vanatta of the OP article, who has nothing left to share? Who has the good laugh now, the ants who will have to share, simply because they have something to share, or the grasshoppers who are simply empty pocketed? How to squeeze blood from the proverbial turnip?
Oh, we all know how life is never fair. I don't know if it is my perennial pessimism, but whenever I find myself in a good situation, whether by luck or by my hard work, there is always a gotcha in there. Things may not be as good as we hope them to be.
All this talk makes me want to go out to get that quarter-million class A diesel while I still have the money to pay for it. What am I saving for, driving this used chintzy motor home?
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