Quote:Jester was saying it correct when he wrote you will always have to put in effort to make a living.
No, both of you are wrong. The theory here is that you can try to earn at a rate greater than 100% of your daily cost of living. So, if that rate is 120% then for every five years of work you have saved for one year of retirement. That seems unworkable, so the rate really needs to be more like 150% to 200%. That way if you worked from 20 to 60, you should be able to survive by tapping into your "Potential Energy" from age 60 to 80 or so, adjusting for about a 3% to 5% increase in the cost of living.
Quote:The problems you are mentioning don't have anything to do with more government influence or higher taxes.
Who owns GM? How much of my money did they give to AIG? So you don't believe their is a marriage between corporate, and government usury.
Quote:They are cause by the fact that you and your countrymen (as well as many of us in western Europe) have for decades spend too much money (more than we had) and because we were in power we could use financial constructions to keep the rest of the world poor, and at the same time leach on there resources.
I'm going to have to declare BS on that one. Americans, pretty much up until WWII, only exploited each other and their own resources.
Quote:The world has changed and America and Americans can only survive with a little more smart government control.
Why would more of the same help us get less of what we have? The problem with smart government control is, "If the government is big enough to give you everything you want, it is big enough to take away everything you have.", as was stated by Gerald R. Ford.
Quote:The libertarian way is fine if you live in the richest country in the world....but already now it wont work. A more prosperous India, China and other countries do mean a different division of wealth in the it this world.....sometimes you notice this directly (the crisis) other times it goes slower, but it will happen.
No, libertarian principles work no matter the size of the government, or economy. Look what Mart Laar has done in Estonia, just because he read Friedman's book "Free to Choose: A personal statement".
Quote:Not being a great Obama fan (for me he is also too right wing)...
:blink:
Quote:these protests today (or yesterday) are just ridiculous...
Which is what people do when
they suddenly find themselves 25% to 100% poorer than last year. And, that is from the UK, where things are 10x more screwed up than in the US.
Quote:...you have been living on China's money for a long time and now that the government wants to do something people start protesting.
Um, and they have been manipulating the currency exchange and taking advantage of the US in other ways as well -- all with a knowing nod and a handshake with the Capitalists who've invested heavily in China's future.
Quote:Having some people pay a bit more taxes is too much government interference but when somebody spends billions on a war and lowers taxes it is all fine.....we just let the government bother money, just like we do...
Or, do it all -- raise taxes, print more money, and manipulate the bank rates again to make it all look good on the balance sheets.
Quote:..at least they are not interfering with our lives. <_<
You mean they are not housing soldiers in our homes. No, but let me review the other top nine "Bill of Rights"...