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patientrenter
ParticipantEnorah (and others), I am a hard-boiled atheist and cynic, but for some reason I am very contented by the notion that you find the Pigg community warm and welcoming enough that you can share this with us.
I recall hearing that someone discovered that one particular area of the brain is more active for people who are very spiritual. I am pretty sure no one will be able to locate that part of my brain, but you may have more of it than the average bear. Does this theory sound familiar to you?
Oh, BTW, Aecetia doesn’t know where I live!
ParticipantEnorah (and others), I am a hard-boiled atheist and cynic, but for some reason I am very contented by the notion that you find the Pigg community warm and welcoming enough that you can share this with us.
I recall hearing that someone discovered that one particular area of the brain is more active for people who are very spiritual. I am pretty sure no one will be able to locate that part of my brain, but you may have more of it than the average bear. Does this theory sound familiar to you?
Oh, BTW, Aecetia doesn’t know where I live!
ParticipantEnorah (and others), I am a hard-boiled atheist and cynic, but for some reason I am very contented by the notion that you find the Pigg community warm and welcoming enough that you can share this with us.
I recall hearing that someone discovered that one particular area of the brain is more active for people who are very spiritual. I am pretty sure no one will be able to locate that part of my brain, but you may have more of it than the average bear. Does this theory sound familiar to you?
Oh, BTW, Aecetia doesn’t know where I live!
Participant[quote=kewp]The really easy, simple, trivial fix for this is we need to put some stiff caps on national, corporate and personal debt and then *enforce* them.
On top of that; no more damn foreclosures and personal bankruptcies. Defaulting on debt should be illegal. [/quote]
kewp, if a hundred million baby boomers want to each have the right to completely retire and then consume a million dollars worth of goods and services, then aren’t we going to have to have all the people who will provide those goods and services indebted to the baby boomers?
Participant[quote=kewp]The really easy, simple, trivial fix for this is we need to put some stiff caps on national, corporate and personal debt and then *enforce* them.
On top of that; no more damn foreclosures and personal bankruptcies. Defaulting on debt should be illegal. [/quote]
kewp, if a hundred million baby boomers want to each have the right to completely retire and then consume a million dollars worth of goods and services, then aren’t we going to have to have all the people who will provide those goods and services indebted to the baby boomers?
Participant[quote=kewp]The really easy, simple, trivial fix for this is we need to put some stiff caps on national, corporate and personal debt and then *enforce* them.
On top of that; no more damn foreclosures and personal bankruptcies. Defaulting on debt should be illegal. [/quote]
kewp, if a hundred million baby boomers want to each have the right to completely retire and then consume a million dollars worth of goods and services, then aren’t we going to have to have all the people who will provide those goods and services indebted to the baby boomers?
Participant[quote=kewp]The really easy, simple, trivial fix for this is we need to put some stiff caps on national, corporate and personal debt and then *enforce* them.
On top of that; no more damn foreclosures and personal bankruptcies. Defaulting on debt should be illegal. [/quote]
kewp, if a hundred million baby boomers want to each have the right to completely retire and then consume a million dollars worth of goods and services, then aren’t we going to have to have all the people who will provide those goods and services indebted to the baby boomers?
Participant[quote=kewp]The really easy, simple, trivial fix for this is we need to put some stiff caps on national, corporate and personal debt and then *enforce* them.
On top of that; no more damn foreclosures and personal bankruptcies. Defaulting on debt should be illegal. [/quote]
kewp, if a hundred million baby boomers want to each have the right to completely retire and then consume a million dollars worth of goods and services, then aren’t we going to have to have all the people who will provide those goods and services indebted to the baby boomers?
Participant[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?
Participant[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?
Participant[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?
Participant[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?
Participant[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?
ParticipantHatfield,
How much do you plan to spend annually when you are retired, including the cost of health care and medicine, housing and cars….. In other words, assuming you pay 100% out of your own pocket for the stuff and services you want? Let’s call that $X.
How many years after you retire are you prepared to throw in the towel and become indigent? Let’s call that Y years.
How much do you contribute to society annually now, measured by your average after-tax income, excluding investment income? Let’s call that $Z.
How much do you take from society now, measured by your annual spending, including the annual average of occasional big purchases like cars or surgeries or weddings or fees on home purchases etc…? Let’s call that $W.
Finally, how many more years are you going to work (at a full-time regular rate of pay)? Let’s call that V years.
In my calculations, you’ll need $ X times Y for your retirement, in today’s dollars.
In my calculations, you’re going to have $(Z-W) times V when you retire, in today’s dollars.
How does the math work out for you?
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