What about everyone else's overpriced salaries?

[Walter Greenspan]

Originally Posted by I_Love_LI_but

And what do you think would have happened to everyone if Bush II had succeeded in privatizing Social Security when Wall Street crashed? I wouldn't have been able to stomach it and for those who are actually on SS or near SS age, it would have been a disaster.

Not so.

Under proper money management, in the years immediately prior to retirement, a sizable portion of the retirement investments would've been moved out of equities and into fixed income (bonds).

Other parts of the retirement accounts would have been invested in precious metals, which have zoomed since the Wall Street crash.

And, that part of the retirement accounts still in equities would not have been permanently diminished; and, as we have seen, the stock markets have rebounded since their Wall Street crash lows.

[Walter Greenspan]

And, there most probably would not have not been a crash if Freddie and Fannie, enabled by Dodd and Frank, had not caused the real estate bubble, to begin with.

[OhBeeHave]

Originally Posted by I_Love_LI_but

No.

We HATE high property taxes.

That is what we don't like.

Since, on average, 65-75% of our annual property taxes go towards our local SCHOOL DISTRICT, not the County, and 80-85% of that money is spent on teacher and administrator pensions, benefits, and compensation, which in many cases have been driven too high by greedy teachers' UNIONS, you may get the feeling that we don't like teachers, but it's actually more like we are wondering where the ever-spiraling property taxes on LI are going to take us ... and it doesn't look like a nice place. Teachers and their unions are the staunchest supporters and the major beneficiaries of this system.

Let's not forget that for every dollar we send to Albany, we are only getting pocket change back.