01-20-2018, 09:36 AM
(01-19-2018, 02:49 PM)pbrower2a Wrote: It is far easier to save for retirement when one has a solid income, often the result of formal education either free or heavily subsidized, and if there is enough economic activity (including transportation on public roads) to create solid incomes for many.
Social Security allows people to make investments in high-quality common stock or to start businesses by creating some economic safety for old age.
Now who is the fool?
You are a fool and always were. Taxation and inflation make it much harder for an individual to save. As always you miss the point, which is that inflation tends to hurt those who can not own the financial assets that the rich do which was always the explicit purpose of QE which was to prop up the prices of financial assets and real estate.
Fucking Boomers. In the general case your generation was too stupid to live because you are like spoiled children.
Democracy is the theory that the common people know what they want, and deserve to get it good and hard. -- H.L. Mencken
If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action. -- Ludwig von Mises
If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action. -- Ludwig von Mises