01-20-2018, 11:11 AM
(01-20-2018, 09:36 AM)Galen Wrote: ... 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.
Always looking at the bottom line and ignoring the top line. You can't save what you don't have to save. Economic activity creates the top line you so strongly wish to preserve, but are unwilling to create in the first place.
Galen Wrote:Fucking Boomers. In the general case your generation was too stupid to live because you are like spoiled children.
99% of the economic model currently in play can be traced directly to Ronald Reagan's economic policies. Reagan was many things, but a Boomer isn't one of them.
Intelligence is not knowledge and knowledge is not wisdom, but they all play well together.