by novium on Wed Mar 16, 2005 3:46 pm
[s]mdave wrote on 13:29, 16th Mar 2005:
[s]md25 wrote on 13:27, 16th Mar 2005:[i]
I demand a mere 30p rise in the basic rate of income tax so I don't have to save for my own pension!
Is that all it would take? Where do I sign up to become a British subject? With what our President intends to do to the way Americans plan for retirement, I'll be fortunate if I ever do get to retire!
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"It is history which teaches us to hope" --R. Edward Lee
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No matter what ANY congress does (because you really don't think the president has the power to make law and allocate funds, do you?), you'll be lucky to get anything.
The problem with SS and all those pension schemes and everything is that they basically relied on the older generation being much smaller than the younger won, as luckily the situation was, what with the baby boomers and all. But that's not sustainable.
You're gonna be working all your life paying into SS for the older generation, but heck, they don't even know if it'll last long enough for our parent's generation to benefit from it.
So anyway..... if people want to plan for their retirement, instead of giving the money to the government, why don't they stick it into a bank account or bonds or something?
Neither the storms of crisis, nor the breezes of ambition could ever divert him, either by hope or by fear, from the course that he had chosen