Quote:
Originally Posted by Richard J
I post these thoughts in total sincerity. Absolutely no sarcasm intended . . .
There is a huge portion of the world's population (maybe a majority) that feel that before anyone makes any profit, everyone's basic needs should be met. This means they should be housed, clothed, fed, educated, and health care provided. Until those basic needs are provided, no one deserves a dime of profit.
We in the United States are moving from a productive class of workers to a leisure class society as a whole. To live the high life we need someone else to pay for our excesses. Instead of direct pay, we have invented a neat way to defer payments. We throw it all on the "Government". Someone else funds our retirement (Soc. Sec.). Someone else pays our medical during old age (Medicare). Someone else pays for our kids schooling (the property tax system).
But the price for all this is government control. If you like government freebies, then don't complain when they take over your life.
RJ |
No argument from me.
There was a time in this country when "living within your means" meant something.
Today - people no longer consider how much something cost, only what the payment would be.
Today (well before these past couple months) - the credit system was so easy to cheat, so easy to simply walk away from your debt - that one's credit score only meant what interest you would pay - not whether the loan would get approved or not.
Bad Loans were placed into "instruments" and "investment plans" and these plans were spread across AVERAGE AMERICANS in their 401k plans...in the last 5 years 401k plans - despite HUGE market gains - have consistently performed well under the very markets they were supposed to be invested in - in effect bad loans were being financed by
your 401k plan, mine and everyone on this board that has/had one.
And it only gets worse and worse and worse.