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Originally Posted by motion
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Was your question a rhetorical joke? Or have you just just been obliviously in outer space the whole time? Haven't you noticed the demand curve and velocity of money for the past 7 years? What do you think that is all about, could it be that Americans are all in, tapped out and living on fumes? All of that traveling and second home with 5M in assets is and always was a Pie in the Sky delusion as Americans haven't saved a dime and furthermore are so deeply in debt both personally and as a nation that the music is about to stop and most don't have a seat to sit in. The sad fact is that over the last 5 decades every American has already eaten their retirement hamburger.
With the mass of Boomers hitting retirement and requiring SS to get by, YOU are going to have to pay your fair share. Haven't you been paying attention to Barrack and Bernie, I know you don't pay attention to me! There are more of them than you and they will vote. The government will not dare and cut them off and let them eat the cake you heartily endorse them doing for fear of massive civil unrest. The government will let them die and the quicker the better by limiting medical treatment. This includes you.
Since the government will have to pay all that SS and medicare for the next 25 to 30 years and tax revenues WILL NOT MEET the burden. They will have to borrow money to pay people a subsistence check. When that starts to happen in earnest the system will throw a rod right through the block and then everybody gets to eat gruel. You see you are already broke and don't even know it yet.
Ohhh and there is no place to run in the world either as all will be effected.