We screwed up. So, what should we have done?

[meadandale]

[quote=kewp]I posted this in another thread. Basically, just open up the borders. This would also help rescue the various entitlement programs (at least until the immigrants get old).
[/quote]

Adding another layer or two doesn’t change the inevitable–it just delays the day of reckoning…a pyramid scheme is still a pyramid scheme.

[kewp]

[quote=meadandale]
Adding another layer or two doesn’t change the inevitable–it just delays the day of reckoning…a pyramid scheme is still a pyramid scheme.
[/quote]

Not necessarily. I think we should allow everyone to opt-in to the entitle programs *or* receive either a tax cut or a refund, for those that wish to manage their own retirement.

[kewp]

[quote=meadandale]
Adding another layer or two doesn’t change the inevitable–it just delays the day of reckoning…a pyramid scheme is still a pyramid scheme.
[/quote]

Not necessarily. I think we should allow everyone to opt-in to the entitle programs *or* receive either a tax cut or a refund, for those that wish to manage their own retirement.

[kewp]

[quote=meadandale]
Adding another layer or two doesn’t change the inevitable–it just delays the day of reckoning…a pyramid scheme is still a pyramid scheme.
[/quote]

Not necessarily. I think we should allow everyone to opt-in to the entitle programs *or* receive either a tax cut or a refund, for those that wish to manage their own retirement.

[kewp]

[quote=meadandale]
Adding another layer or two doesn’t change the inevitable–it just delays the day of reckoning…a pyramid scheme is still a pyramid scheme.
[/quote]

Not necessarily. I think we should allow everyone to opt-in to the entitle programs *or* receive either a tax cut or a refund, for those that wish to manage their own retirement.

[kewp]

[quote=meadandale]
Adding another layer or two doesn’t change the inevitable–it just delays the day of reckoning…a pyramid scheme is still a pyramid scheme.
[/quote]

Not necessarily. I think we should allow everyone to opt-in to the entitle programs *or* receive either a tax cut or a refund, for those that wish to manage their own retirement.

[patientrenter]

[quote=kewp][quote=meadandale]
Adding another layer or two doesn’t change the inevitable–it just delays the day of reckoning…a pyramid scheme is still a pyramid scheme.
[/quote]

Not necessarily. I think we should allow everyone to opt-in to the entitle programs *or* receive either a tax cut or a refund, for those that wish to manage their own retirement.[/quote]

kewp, I love the idea of people (even the baby boomers!) being allowed to freely take responsibility for their own retirement. But if lots of boomers did that, what would have happened? Would we have had a glut of savings, leading to extremely high asset prices and very low real returns? Would we have become an exporting machine, lending vast amounts of money and people to developing countries in return for future income from them? Would China or India have allowed that on the scale necessary to make it work for a majority of boomers?

[patientrenter]

[quote=kewp][quote=meadandale]
Adding another layer or two doesn’t change the inevitable–it just delays the day of reckoning…a pyramid scheme is still a pyramid scheme.
[/quote]

Not necessarily. I think we should allow everyone to opt-in to the entitle programs *or* receive either a tax cut or a refund, for those that wish to manage their own retirement.[/quote]

kewp, I love the idea of people (even the baby boomers!) being allowed to freely take responsibility for their own retirement. But if lots of boomers did that, what would have happened? Would we have had a glut of savings, leading to extremely high asset prices and very low real returns? Would we have become an exporting machine, lending vast amounts of money and people to developing countries in return for future income from them? Would China or India have allowed that on the scale necessary to make it work for a majority of boomers?

[patientrenter]

[quote=kewp][quote=meadandale]
Adding another layer or two doesn’t change the inevitable–it just delays the day of reckoning…a pyramid scheme is still a pyramid scheme.
[/quote]

Not necessarily. I think we should allow everyone to opt-in to the entitle programs *or* receive either a tax cut or a refund, for those that wish to manage their own retirement.[/quote]

kewp, I love the idea of people (even the baby boomers!) being allowed to freely take responsibility for their own retirement. But if lots of boomers did that, what would have happened? Would we have had a glut of savings, leading to extremely high asset prices and very low real returns? Would we have become an exporting machine, lending vast amounts of money and people to developing countries in return for future income from them? Would China or India have allowed that on the scale necessary to make it work for a majority of boomers?

[patientrenter]

[quote=kewp][quote=meadandale]
Adding another layer or two doesn’t change the inevitable–it just delays the day of reckoning…a pyramid scheme is still a pyramid scheme.
[/quote]

Not necessarily. I think we should allow everyone to opt-in to the entitle programs *or* receive either a tax cut or a refund, for those that wish to manage their own retirement.[/quote]

kewp, I love the idea of people (even the baby boomers!) being allowed to freely take responsibility for their own retirement. But if lots of boomers did that, what would have happened? Would we have had a glut of savings, leading to extremely high asset prices and very low real returns? Would we have become an exporting machine, lending vast amounts of money and people to developing countries in return for future income from them? Would China or India have allowed that on the scale necessary to make it work for a majority of boomers?

[patientrenter]

[quote=kewp][quote=meadandale]
Adding another layer or two doesn’t change the inevitable–it just delays the day of reckoning…a pyramid scheme is still a pyramid scheme.
[/quote]

Not necessarily. I think we should allow everyone to opt-in to the entitle programs *or* receive either a tax cut or a refund, for those that wish to manage their own retirement.[/quote]

kewp, I love the idea of people (even the baby boomers!) being allowed to freely take responsibility for their own retirement. But if lots of boomers did that, what would have happened? Would we have had a glut of savings, leading to extremely high asset prices and very low real returns? Would we have become an exporting machine, lending vast amounts of money and people to developing countries in return for future income from them? Would China or India have allowed that on the scale necessary to make it work for a majority of boomers?

[Anonymous]

It is not the fault of any one generation, they all took part in what was considered a “free lunch”. Well it turns out that they were all wrong and we cant survive on trading paper and flipping houses. It was all centrally controlled by the central banks, just like the centrally controlled soviet union, it is going to fail. Not to mention the magic of interest going exponential and the inability of the interest to be paid.

The only answer is a complete worldwide Jubilee. the complete forgiveness of all debts by everyone, everywhere. Then a complete change of the banking and money systems. Any other answer will only favor the rich over the poor and will end in complete chaos.

StevenO

[Anonymous]

It is not the fault of any one generation, they all took part in what was considered a “free lunch”. Well it turns out that they were all wrong and we cant survive on trading paper and flipping houses. It was all centrally controlled by the central banks, just like the centrally controlled soviet union, it is going to fail. Not to mention the magic of interest going exponential and the inability of the interest to be paid.

The only answer is a complete worldwide Jubilee. the complete forgiveness of all debts by everyone, everywhere. Then a complete change of the banking and money systems. Any other answer will only favor the rich over the poor and will end in complete chaos.

StevenO

[Anonymous]

It is not the fault of any one generation, they all took part in what was considered a “free lunch”. Well it turns out that they were all wrong and we cant survive on trading paper and flipping houses. It was all centrally controlled by the central banks, just like the centrally controlled soviet union, it is going to fail. Not to mention the magic of interest going exponential and the inability of the interest to be paid.

The only answer is a complete worldwide Jubilee. the complete forgiveness of all debts by everyone, everywhere. Then a complete change of the banking and money systems. Any other answer will only favor the rich over the poor and will end in complete chaos.

StevenO

[Anonymous]

It is not the fault of any one generation, they all took part in what was considered a “free lunch”. Well it turns out that they were all wrong and we cant survive on trading paper and flipping houses. It was all centrally controlled by the central banks, just like the centrally controlled soviet union, it is going to fail. Not to mention the magic of interest going exponential and the inability of the interest to be paid.

The only answer is a complete worldwide Jubilee. the complete forgiveness of all debts by everyone, everywhere. Then a complete change of the banking and money systems. Any other answer will only favor the rich over the poor and will end in complete chaos.

StevenO

[Author]

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