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In United States
Registered Jul 13, 2009
futuresmc's most recent comments:
- On 18 Aug 2014
A third of people have nothing saved for retirement,
Having said that, I'm sure that at least some of those 60% that have little or no savings are state and local government employees with lavish defined benefit pension plans who really don't absolutely need to save anything for retirement. So the problem is bad, is not quite as bad as the article suggests.
Lavish? Those pension plans work in lieu of the Social Security checks workers might have otherwise gotten. When you work for a municipal or state institution and become eligible for a defined pension, you only get a fraction of what you would have gotten from Social Security, usually less than $300 a month. The only thing lavish about retiring from a public service occupation is that your post-retirement income is supposed to be more stable and harder to fleece than those Wall Street manipulated private sector retirement accounts that don't have the backstop of a government behind them. This idea that public sector workers are on easy street once they reach retirement is think tank propaganda meant to convince everyone else that raiding the pension funds of cops, teachers, and sanitation workers is a morally acceptable means of balancing budget deficits intentionally caused by cutting taxes to the point where we can't fund the government services we need to get from day to day without running up debt.
- On 25 Jul 2014
Will Dollar Collapse While Wall Street Buys BILLIONS in Real Estate? Read more a,
The dollar isn't going to collapse. Too much of the world depends on American military support to allow the nation to suffer hyperinflation to the point where the dollar collapses, at least for the moment. We pretty much pick up the slack so that Europe, Japan, a good portion of South America, etc, can keep a show army and navy to look sufficiently able to defend themselves, but if threatened, the US would take the lead and do 90% of the fighting. This is not to say we won't have another 2008 like panic, we most certainly will, but nothing that will completely undo the dollar any worse than the other big currencies.
- On 23 Jul 2014
NYC apartment building to have seperate door for the poor,
Carolyn C says
What about the kids that have to go to and from school through the alley. What kind of danger will the kids be exposed. Just so a couple of self absorbed pigs can feel elevated. Discusting!
Oh god, playing the "poor innocent children" card. If a woman is poor, gets knocked up, and has a baby, that is her problem. It doesn't give her the right to a penthouse suite in Trump Tower.
Sorry if the idea that poor kids exist in NYC offends you, but reality is sometimes offensive. However, there was no surprise for the developer. Remember, he KNEW he had a deal to build affordable housing units. He signed that deal. The people who voluntarily buy the higher end units knew there would be lower income people in the building. Now he wants to change the plans and add a poor door. Where does he get off promising one egalitarian design and then delivering another, yet still getting all the goodies he's getting for including the affordable housing? Your stereotypical assumptions about the nature of 'low income' people aside, this is a case of a rich developer trying to pull a fast one on taxpayers, an overage person would never get away with. If the initial promises were made with a common entrance, then they need to remain that way and the wealthy should have to suck it up.