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Old July 8th, 2018, 07:18 PM   #81
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The tariffs are nowhere close by themselves: but the GOP has a plan. They will also 1) gut medicare/medicaid 2) try to privatize Social Security (got to help Wall Street make more money!!!), 3) gut infrastructure spending (Trump never has instituted that infrastructure project he promised the Trumpanzees, huh? SUCKERS!!!), 4) gut educational spending, 5) gut all social programs including welfare and Planned Parenthood. And many other lovely, lovely things. By the time the GOP finishes stacking the SCOTUS with RW idealogues and crashing the economy this country will look like the Philippines.
I get a kick out of the help wall street make money in regards to retirement funds. Feel free to show me any 401k plan that has under performed social security benefits for an individual. Or, IRA, or pension (pensions do get stolen by the government during bankruptcy often times).
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Old July 8th, 2018, 07:24 PM   #82
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Originally Posted by GluteusMaximus View Post
The tariffs are nowhere close by themselves: but the GOP has a plan. They will also 1) gut medicare/medicaid 2) try to privatize Social Security (got to help Wall Street make more money!!!), 3) gut infrastructure spending (Trump never has instituted that infrastructure project he promised the Trumpanzees, huh? SUCKERS!!!), 4) gut educational spending, 5) gut all social programs including welfare and Planned Parenthood. And many other lovely, lovely things. By the time the GOP finishes stacking the SCOTUS with RW idealogues and crashing the economy this country will look like the Philippines.
Sounds great.


please, please be right.
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Old July 8th, 2018, 07:33 PM   #83
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I get a kick out of the help wall street make money in regards to retirement funds. Feel free to show me any 401k plan that has under performed social security benefits for an individual. Or, IRA, or pension (pensions do get stolen by the government during bankruptcy often times).
Which is totally irrelevant to the point.
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Old July 8th, 2018, 07:39 PM   #84
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Originally Posted by GluteusMaximus View Post
The tariffs are nowhere close by themselves: but the GOP has a plan. They will also 1) gut medicare/medicaid 2) try to privatize Social Security (got to help Wall Street make more money!!!), 3) gut infrastructure spending (Trump never has instituted that infrastructure project he promised the Trumpanzees, huh? SUCKERS!!!), 4) gut educational spending, 5) gut all social programs including welfare and Planned Parenthood. And many other lovely, lovely things. By the time the GOP finishes stacking the SCOTUS with RW idealogues and crashing the economy this country will look like the Philippines.
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Originally Posted by guy39 View Post
I get a kick out of the help wall street make money in regards to retirement funds. Feel free to show me any 401k plan that has under performed social security benefits for an individual. Or, IRA, or pension (pensions do get stolen by the government during bankruptcy often times).
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Which is totally irrelevant to the point.
Was I addressing any of your points? The answer is no.
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Old July 8th, 2018, 07:58 PM   #85
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Was I addressing any of your points? The answer is no.
You weren't addressing anyone's points. You were just flapping your fingers again.
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Old July 8th, 2018, 08:32 PM   #86
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Our economic situation is not so different from global warming. An unstable weather pattern could be dangerous and have unwanted consequences.
I'm sure the well-worn wisdom that trade tariffs and restrictions cause capitalist economies to contract will hold true in the next 12 months or so. But how much of coming economic troubles will be due to trade issues, and how much will come from rising oil prices caused by global uncertainty about whether or not the US will attack Iran and lead to disaster for countries dependent on oil exports from Persian Gulf countries?

I have a hard time getting excited about so called "free trade" anyway, since the present global trading regime has only benefited the wealthy- who control the flows of capital around the world. It hasn't been a benefit to average workers in any country!

And, there are other issues...such as environmental impacts, that are made much worse by expanded trade transport links and economic specialization in agriculture for one example.

I don't know if anyone will notice it, but I posted a thread on one of the few writers I have found who tie all these threads together and makes a strong argument for re-localizing economies/ not expanding trade and specialization: Globalisation versus community

https://www.localfutures.org/globali...sus-community/
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Old July 8th, 2018, 09:26 PM   #87
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I get a kick out of the help wall street make money in regards to retirement funds. Feel free to show me any 401k plan that has under performed social security benefits for an individual. Or, IRA, or pension (pensions do get stolen by the government during bankruptcy often times).
401(k)s versus Social Security: Comparing the Rates of Return « James W. Russell

Quote:
“I looked at my last Social Security statement that was mailed to me, which covered the years
from 1967 to 2011. The contributions of my employers and my own added up to $115,000.
From then to retirement, another $8,000. Thus a total o $123,000 gives me a retirement
income of just over $1800/month.
“For a 401K to achieve this at a 5% rate, I would need to save an amount of $432,000. That is
being generous with the rate; I think they are now around 4%.
“The above reminds me of a quote you included from Lawrence Summers. To paraphrase,
its all about efficiency-99% of contributions go to benefits.”
I felt most free to tell you.

Last edited by leekohler2; July 8th, 2018 at 10:09 PM.
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Old July 8th, 2018, 09:53 PM   #88
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You weren't addressing anyone's points. You were just flapping your fingers again.
You opened up points and what point have you been to. Say you have never been to any point and admit you never been there rather than running your mouth about false memories which will gain you respect for telling the truth. Stolen Valor is not acceptable on DTT. Point Carolyn was bad but Point Claudia was worse.
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Old July 9th, 2018, 03:22 AM   #89
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I get a kick out of the help wall street make money in regards to retirement funds. Feel free to show me any 401k plan that has under performed social security benefits for an individual. Or, IRA, or pension (pensions do get stolen by the government during bankruptcy often times).

People have lost money on 401k plans...they go up and down, and they don't provide the insurance features of Social Security.

People borrow on their 401k plans, they get laid off,the loan forfeits and they get a tax bill.
There are all kinds of 401k horror stories.
They work out well for bank presidents,not so well for bus drivers.
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Old July 9th, 2018, 07:09 AM   #90
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Sounds great.


please, please be right.
You want the country to resemble the Philippines?
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