Re: Aggregate debt

From: Johnny Marcos (johnny5_at_yahoo.com)
Date: 06/29/04 

Date: Tue, 29 Jun 2004 09:16:37 GMT

The Trucker <mikcob@verizon.net> wrote in
news:cbo1sk01mrj@news3.newsguy.com:

> Nonesense. Each generation invests in the future WHILE supporting the
> elderly. The people paying FICA tax right now are paying the benefits
> of current recipients and when they retire the next generation will
> pay to support them.

Ok, so 47 young farmers are picking crops to feed themselves and one
elderly, all these 47 have only 2 kids - and 1 of them - Her name is
brittney - doesn't want to farm - so in the future you have 1 young
farmer feeding 1 freeloader and 47 previous producers - something has to
give. If the robots had been built in time - they all could sit back
and eat - but the robots were not built in time - lots of people
probably gonna starve - the land is there to grow the food - but not the
labor - the old can't get out in that sun and pick those crops - look at
population figures around the america and around the world - we have a
LARGE percentage of people about to enter non producing years - and
without isaac asimovs robots - that is going to be a bad thing.

 The circumstances of their retirement will
> depend, not on how much gold they managed to bury in their back yard,
> but how good a job they did in educating the young, providing proper
> support to innovation and development of real capital, and the
> appreciation of the younger people in a civilized society.

HAHA - you are gonna base your future on Ja Rule and Brittney Spears
being thankful? HAHAHAHA! BWAHAHAHAHA! I agree, I would rather
preserve my wealth in candy bars and cigarettes and soap - but they
decay faster than gold - but I would choose gold over hyperinflationary
paper.

  There is
> no way that a bunch of old coots are going to "strongarm" the younger,
> stronger people.

Right - Brittney Spears would not piss on you to put out the fire. In
fact she will probably throw more gas on you to watch the pretty flames
and then wonder why she is out of gas and can't drive home.

> Prior to 1990, under Republican control, the GDP yardstick and the
> asset value yardstick would show economic advance as the middle class
> was placed nearer and nearer to the poor and further and further away
> from the rich. This separation of the top 5% from the rest continued
> during the 90's but the decline of the middle class was moderated and
> was showing some signs of recovery as the tax code was made slightly
> more progressive. Japan seems to be doing quite well when you actually
> look at the life style of the vast middle class in that country. Only
> when you use neocon measuring sticks designed to show anything other
> than neocon economics as a failure will you see a failure in Japan.

I don't know about Japan, I don't live there, I do know my father worked
30 hours a week in a low stress job and had a big house and big steaks
and new cars every year, and I work 40 hours in a high stress job and I
have to take the bus and can barely afford a veggie sandwich - to me it
doesn't seem I live as high on the hawg as my pop did. So Japans
increased standard of living and our decreased standard here is at who's
benefit and cost? The slave plantation owners had HUGE houses and for
all our technological improvements I think many of them had low stress
high luxury lifestyles without a lot of suffering - but they had to take
away from the standard of living of thier slaves to have that.

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