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![]() "Dave" wrote in message . .. Uncle Peter wrote: SNIPPED Some skill. New England Tractor Trailer pumps out drivers by the gross. Very few earn anywhere's near 1800+ a week. SNIPPED All of your senators have vested retirements (18,000 a month) after serving one term. They have vested health care, and most had inherited wealth to begin with. Do you wonder why they are in the market (they can afford to be, you're paying the tab) and the rich always get richer at the expense of a lessening middle class... SNIPPED You've been listening to Limbaugh for too many years. Most kids starting out can barely afford to pay their bills, let alone invest money in a 401K or IRA. Most folks don't have 30 years in front of them. Baby boomers never had 401Ks or IRAs when they started off. I opened this with the following: "Your retirement planning is YOUR RESPONSIBILITY! It is NOT the responsibility of government. It is NOT the responsibility of your employer. It is NOT the responsibility of your union. The responsibility is Yours alone!" It is true! If the jobs continual to be outsourced, and if the trade deficit continues, and if foreign scab labor is allowed to bid against union scale you're going to find your savings will have very little buying power when the worth of the dollar crashes on the world market. Government is the one who is giving away and borrowing from social security and allowing the raping of this country. Pete k1zjh /s/ DD, W1MCE Well Uncle Peter, we both know that it is impossible to live on Social [in]Security. That's a given. Since you are responsible for your retirement, not government nor business, what do you propose? The world economy envisioned by Adam Smith and Thomas Paine in the late 1700s is now here. Business will do whatever is necessary to survive and be profitable in a very competitive world wide economy. Businesses will succeed and fail. Government can't stop it! Again I ask, "What do you propose?" My proposal is to do whatever is necessary to start building personal equity. In other words, "Get on the equity train before it is out of sight!" You may ride in the caboose as opposed to the dining car, but, you're not left in the station. I propose America better wake up before it is too late. My retirement is secure and isn't tied to Social Security, in fact, Ive paid into it. But, I fear for others who face a less certain financial future and the lack of even basic affordable healthcare. Pete |
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