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

[Coronita]

[quote=patb]maybe we could let the Gen X and Gen Y types beat up Baby Boomers.
They are getting old, we can take them[/quote]

No need for that. By the time that Baby Boomers are in their golden years, their will be so many of them versus so many of Gen X and Y…Guess who is gonna be dependant on who to take care of things…

Elderly care is gonna be a big business in the coming years. That companies that sell Depend garments are gonna do just fine.

[coxapple]

The answer to your question is in the Greenspan apology.

These idiot right wing ideologues who think the invisible hand of the free market can look after everything.

It never works in the financial sector.

The short to medium term commissions / bonuses /options etc lure for the people in charge means that long term stability issues get lost unless the regulators are tough and think only of what is sustainable for the long term.
———————————————–
To claw back some of the inappropriate gains of those who gained form the the boom and left younger generations with a huge bill, I would raise taxes on those with high income in retirement( eg raise the income tax on income over $150K) and the rate of inheritance tax on major bequests.

[coxapple]

The answer to your question is in the Greenspan apology.

These idiot right wing ideologues who think the invisible hand of the free market can look after everything.

It never works in the financial sector.

The short to medium term commissions / bonuses /options etc lure for the people in charge means that long term stability issues get lost unless the regulators are tough and think only of what is sustainable for the long term.
———————————————–
To claw back some of the inappropriate gains of those who gained form the the boom and left younger generations with a huge bill, I would raise taxes on those with high income in retirement( eg raise the income tax on income over $150K) and the rate of inheritance tax on major bequests.

[coxapple]

The answer to your question is in the Greenspan apology.

These idiot right wing ideologues who think the invisible hand of the free market can look after everything.

It never works in the financial sector.

The short to medium term commissions / bonuses /options etc lure for the people in charge means that long term stability issues get lost unless the regulators are tough and think only of what is sustainable for the long term.
———————————————–
To claw back some of the inappropriate gains of those who gained form the the boom and left younger generations with a huge bill, I would raise taxes on those with high income in retirement( eg raise the income tax on income over $150K) and the rate of inheritance tax on major bequests.

[coxapple]

The answer to your question is in the Greenspan apology.

These idiot right wing ideologues who think the invisible hand of the free market can look after everything.

It never works in the financial sector.

The short to medium term commissions / bonuses /options etc lure for the people in charge means that long term stability issues get lost unless the regulators are tough and think only of what is sustainable for the long term.
———————————————–
To claw back some of the inappropriate gains of those who gained form the the boom and left younger generations with a huge bill, I would raise taxes on those with high income in retirement( eg raise the income tax on income over $150K) and the rate of inheritance tax on major bequests.

[coxapple]

The answer to your question is in the Greenspan apology.

These idiot right wing ideologues who think the invisible hand of the free market can look after everything.

It never works in the financial sector.

The short to medium term commissions / bonuses /options etc lure for the people in charge means that long term stability issues get lost unless the regulators are tough and think only of what is sustainable for the long term.
———————————————–
To claw back some of the inappropriate gains of those who gained form the the boom and left younger generations with a huge bill, I would raise taxes on those with high income in retirement( eg raise the income tax on income over $150K) and the rate of inheritance tax on major bequests.

[an]

coxapple, nice, lets tax those who were actually prudent and save enough to actually retire too. While you’re at it, lets reward those idiots who took the huge risk and now have nothing.

[an]

coxapple, nice, lets tax those who were actually prudent and save enough to actually retire too. While you’re at it, lets reward those idiots who took the huge risk and now have nothing.

[an]

coxapple, nice, lets tax those who were actually prudent and save enough to actually retire too. While you’re at it, lets reward those idiots who took the huge risk and now have nothing.

[an]

coxapple, nice, lets tax those who were actually prudent and save enough to actually retire too. While you’re at it, lets reward those idiots who took the huge risk and now have nothing.

[an]

coxapple, nice, lets tax those who were actually prudent and save enough to actually retire too. While you’re at it, lets reward those idiots who took the huge risk and now have nothing.

[cr]

Yeah, tax the rich, that will solve everything.

You can’t tax a nation into prosperity.

There was another post on here that linked to a long but excellent article called “The End” that linked the IPO of investment banks to the derailment of investing. That’s one fix.

Another is to teach people to manage a budget, teach them about compound interest, mortgage products, inflation, mutual funds, all the basics, and do it in high school.

Then, most importantly we need a Government overhaul. All these socialist slants I hear on here and in the news will only make things worse. The Government has proven they can’t manage Medicare or Social Security – why give them more? They can’t make taxing people profitable. Some programs are designed to be subsidized by the Government, but they should be treated like a business.

[cr]

Yeah, tax the rich, that will solve everything.

You can’t tax a nation into prosperity.

There was another post on here that linked to a long but excellent article called “The End” that linked the IPO of investment banks to the derailment of investing. That’s one fix.

Another is to teach people to manage a budget, teach them about compound interest, mortgage products, inflation, mutual funds, all the basics, and do it in high school.

Then, most importantly we need a Government overhaul. All these socialist slants I hear on here and in the news will only make things worse. The Government has proven they can’t manage Medicare or Social Security – why give them more? They can’t make taxing people profitable. Some programs are designed to be subsidized by the Government, but they should be treated like a business.

[cr]

Yeah, tax the rich, that will solve everything.

You can’t tax a nation into prosperity.

There was another post on here that linked to a long but excellent article called “The End” that linked the IPO of investment banks to the derailment of investing. That’s one fix.

Another is to teach people to manage a budget, teach them about compound interest, mortgage products, inflation, mutual funds, all the basics, and do it in high school.

Then, most importantly we need a Government overhaul. All these socialist slants I hear on here and in the news will only make things worse. The Government has proven they can’t manage Medicare or Social Security – why give them more? They can’t make taxing people profitable. Some programs are designed to be subsidized by the Government, but they should be treated like a business.

[cr]

Yeah, tax the rich, that will solve everything.

You can’t tax a nation into prosperity.

There was another post on here that linked to a long but excellent article called “The End” that linked the IPO of investment banks to the derailment of investing. That’s one fix.

Another is to teach people to manage a budget, teach them about compound interest, mortgage products, inflation, mutual funds, all the basics, and do it in high school.

Then, most importantly we need a Government overhaul. All these socialist slants I hear on here and in the news will only make things worse. The Government has proven they can’t manage Medicare or Social Security – why give them more? They can’t make taxing people profitable. Some programs are designed to be subsidized by the Government, but they should be treated like a business.

[Author]

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