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[quote=walterwhite]I think the point is people ought to vote for their own damned interest. It amuses me when people don’t. Young people ought to vote to get a piece of the action. Not to blow it up. What would the world be like if congressmen were as scared of 18-25 ers as of AARP.
I’d say that’d probly be a good thing.
Plenty of old fools.[/quote]
Well said.
[quote=KSMountain]You’re suggesting that we should have society’s decision making skewed towards the opinions of those least-experienced, with the least amount of skin in the game, many who likely have zero savings and negative net worth?
[…]
What kind of historical perspective or perspective on human nature does an 18 year old have? What familiarity might they have with the concept of risk, or unintended consequences.[/quote]
Irrelevant.
THIS is the only fact that matters: http://www.sss.gov/FSwho.htm
Almost all male U.S. citizens, and male aliens living in the U.S., who are 18 through 25, are required to register with Selective Service.
Skin in the game? Interesting choice of words.
I guess young people wouldn’t have much problem with increasing the SS eligibility age by a few years. That would be a positive imo.
Few politicians have the guts to even bring up that topic though…
[quote=EconProf]……housing values must stop falling for a real recovery to take hold.[/quote]
This is total nonsense.
Our economic problem is not that homes are too affordable.
Our economic problem is that too much of domestic US demand goes abroad, turning into Chinese jobs and income. If we had a lower trade deficit, we wouldn’t have such an enormous flow of foreign savings landing on our shores, inflating bubble after bubble.
Either China (and other persistent net exporters) must increase their US imports, or we need to reduce their exports to us.
Yes, I am perfectly aware of the Smoot-Hawley Act and its impacts. Nevertheless, we have a structural problem that must be solved, and inflating asset bubbles isn’t a solution.