Archived posting to the Leica Users Group, 2010/03/10
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]It has me worried too Phil, and I am 60 next month. The state of the economy and the way in which the banks have been enabled to spend the same money several times has left me scared for my children and grandchildren. The problem is that since forever the people who end up with power are the most selfish, greedy and ruthless. The extent to which they screw you depends on the level of governmental control of their activities. In recent years it has been hopeless. This is not a right/left wing thing since the USA has been well right of centre for a long time whilst the UK has been to the left, and we are both in the sh*t. Frank On 10 Mar, 2010, at 12:37, Philip Forrest wrote: > I think it's debt not wealth being transferred to the next > generation. I think any wealth is going to slowly but surely be > whittled away to pay for increased costs of everything. For example, > I'm already set to receive $.70 on the dollar of the social security > tax I've already paid as of this moment. I won't be collecting for at > least 32 more years but I have little faith in the system to be fixed > and so if I receive anything, I'll be lucky. It's that negative > budgeting we do today and the "trust" of the future that has my > generation worried. > Phil Forrest > > > On Tue, 9 Mar 2010 20:39:35 -0800 > Pasvorn Boonmark <pasvorn at boonmark.net> wrote: > >> On Tue, Mar 9, 2010 at 11:53 AM, Philip Forrest >> <photo.forrest at earthlink.net >>> wrote: >> >>> >>> The baby boomers also have sheer numbers going for them. The largest >>> and richest generation the world has ever seen is being followed by >>> one that is half its size with far less wealth and a lot more to >>> accomplish with that smaller pool of money. >>> Phil Forrest >> >> >> When the boomers are gone, their wealth will have to go somewhere. ;) >> As for younger generations, from what I see, I am very optimistic. >> >> -Pasvorn >> >> _______________________________________________ >> Leica Users Group. >> See http://leica-users.org/mailman/listinfo/lug for more information > > > _______________________________________________ > Leica Users Group. > See http://leica-users.org/mailman/listinfo/lug for more information