[quote=The-Shoveler][quote=flu][quote=FlyerInHi]What is long term, Flu? What happens in 10 years when the deficit and Federal debt are unmanageable? I remember the dire predictions of the past.[/quote]
don’t know. the way I figure. I have money now to live and enjoy a reasonable life. rest goes to the future for kid and etc. long term maybe another 10-20years?
by then this country will have fully embraced socialism….good time to move money out of the country probably. I am kidding….. sort of.[/quote]
This is where those trillion dollar coins come in handy LOL.
Seriously in twenty years I hope our robot overlords will be more like wall-e than terminator LOL.
Inflation anyone?[/quote]
socialism is great for folks that made it to the top 1% who no longer need to accumulate wealth to be financially independent…..they might pay a little more on taxes on earned income , but if you made it to the top, they are just sitting on a pile of money and not so dependent on earned income. Tax consequences of sitting on a pile of assets is very low….just like in Europe….
on the other hand …. people still earning a wage or income will get taxed to the max to subsidize everyone else not making it….they themselves will have a much harder time to accumulate wealth and become financially independent…..just like in Europe.
if in doubt look at Spain….and talk to Spain highly educated tech workers or doctors who all want to get the fvck out of Spain and go to America or Germany… lol…..
I don’t know what is worse. the administration we have now, or the future a lot of us will have once the GOP is virtually non existence and you have 1 party dominate everything…..
it won’t matter because there will be so many Americans so disillusioned by how things turned out, they will all want someone to help them out and give up…that’s party agnostic.
so I predict we will have a tiny part of the population working to support a much larger population that has given up, and a bunch of fat cat people who don’t need to work, sipping their nice Merlot….
meh, not going to be my problem. my earned income days will be long over before then….lol….
