. . .
Not sure how this will affect retirees, nest eggs and such though.
I'm not sure either, but one of my fears is that without wage earners to tax, the government will find a way to tax what they can -- retiree nest eggs.
. . .
Not sure how this will affect retirees, nest eggs and such though.
Hello Mr. Otako,There is no truth to the theory that new better jobs are created from jobs that leave this country.
Besides, the world is catching up with our education and technology level. Did you ever consider that new jobs won't be created in this country but in India or China? I've seen a lot bright and highly educated Chinese workers last time I visted Asia.
What do you suggest? Implement protectionist policies?
There is this belief and you seem to have it also, that the U.S. will always be coming out on top. Not necessarily. Just keep your eyes and mind open.
I don't see a problem there. The pastor & church perform the holy matrimony part, not the Justice of the Peace. If the church doesn't approve, their pastors won't perform the ceremonies. I don't see why the legal terminology needs to be different for gay vs. traditional marriages/unions/etc.. Legally, call it all marriage, call it all civil union, call it mutual adoption, whatever. The government gives special tax and legal (e.g. inheritance, custody of children) privileges to married couples; I can't come up with a reasonable reason to disallow those privileges to gay couples. Either let the gay couples (and platonic domestic partners) have the privileges, too, or eliminate the special treatment for everyone.Gay "civil unions" with all legal ramifications are only
fair, but the state of "holy matrimony" should be reserved for the union of a man and a woman. To me,
and millions like myself, this is a matter of faith.
My thought on standards of living: One thing I keep forgetting to factor in is that our idea of a minimal standard of living has greatly increased in the past few decades. Back in the 50's didn't families have one car, one TV and one radio if they were lucky?
...and those that either want to tell other people what to do and/or how to do it, or who feel that everyone elses behavior should meet their standards.
Do I think that they are outright lying?
Danger is a relative thing. If the market believed that inflation was much higher than the CPI, that would be reflected in nominal interest rates. It's not, so there is clearly less danger in TIPS than any other security I'm aware of.The danger to ER's is purchasing "inflation protected securities" in bulk and removing inflationary influences from their long term financial calculations.
The median household income, adjusted for inflation, was unchanged at $43,318, down $1,535 from its peak in 2000.
http://money.cnn.com/2004/08/26/news/economy/poverty.reut/index.htm?cnn=yes
The percentage of the U.S. population living in poverty rose to 12.5 percent from 12.1 percent in 2002, the Census Bureau said in its annual poverty report, seen by some as the most important score card on the nation's economy and Bush's first term in office. The ranks of the poor rose to 35.9 million, a boost of 1.3 million.