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Old 05-18-2011, 05:30 PM
 
Location: Exeter, NH
4,494 posts, read 2,159,225 times
Reputation: 3880

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I just came across one of the best and most comprehensive summaries of the Trends that are Ruining the US economy (such as loss of manufacturing, retirement of the Baby Boom, health care), here: 11 Long-Term Trends Ruining the U.S. Economy - Seeking Alpha. It was written a couple of years ago and all the problems have continued and gotten much worse, as predicted.

While all of these trends have been discussed on these forums individually, when looking at all of them together as contributing to the devastation of our economy, the future looks very bleak and nothing is being done about ANY of them.

I'd like comments, particularly from those who DON'T think the US economy is currently collapsing. Are there good trends/signs to point to (other than that the US is "too big to fail")? I'd really like to think I have a few more years to prepare, but is that realistic considering the extent and constant acceleration of these problems?
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Old 05-18-2011, 05:34 PM
 
2,670 posts, read 3,012,495 times
Reputation: 1256
Don't worry, tax cuts for the rich will fix everything.
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Old 05-18-2011, 06:08 PM
 
Location: Exeter, NH
4,494 posts, read 2,159,225 times
Reputation: 3880
Quote:
Originally Posted by Majin View Post
Don't worry, tax cuts for the rich will fix everything.
I know you're being sarcastic, but my family (and probably plenty of other working professionals out there) are going to be taxed even more heavily because we're considered "The Rich," since we're working professional in our highest-income years. I guess the equivalent of the brand-new car that we send to Washington each year isn't nearly enough for the spendthrift crooks, but then again we could give them all EVERY PENNY of all our incomes and they'd just spend that, then borrow another 2 trillion a year and spend that too.

BTW, the article I cited didn't even talk about the additional problem of our government's massive corruption, war-mongering, and overspending and borrowing.
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Old 05-18-2011, 06:13 PM
 
Location: Warren County and loving it!
5,044 posts, read 4,392,411 times
Reputation: 2474
Quote:
Originally Posted by NHartphotog View Post
I know you're being sarcastic, but my family (and probably plenty of other working professionals out there) are going to be taxed even more heavily because we're considered "The Rich," since we're working professional in our highest-income years. I guess the equivalent of the brand-new car that we send to Washington each year isn't nearly enough for the spendthrift crooks, but then again we could give them all EVERY PENNY of all our incomes and they'd just spend that, then borrow another 2 trillion a year and spend that too.

BTW, the article I cited didn't even talk about the additional problem of our government's massive corruption, war-mongering, and overspending and borrowing.
I do not feel that the rich should be taxed more so than others, especially when they are working professionals that have worked their butts off to get where they are in life.

Why should those that work hard to reap the rewards of hard work have to pay more to support those that don't?

Enjoy your money that you have worked for.
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Old 05-18-2011, 06:37 PM
 
Location: Unperson Everyman Land
21,040 posts, read 9,751,763 times
Reputation: 4745
Quote:
Originally Posted by Majin View Post
Don't worry, tax cuts for the rich will fix everything.


OK Majin, what is your solution?

Green energy?

High speed rail?

Compact florescent lights?
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Old 05-18-2011, 06:40 PM
 
2,670 posts, read 3,012,495 times
Reputation: 1256
Quote:
Originally Posted by momonkey View Post
OK Majin, what is your solution?

Green energy?

High speed rail?

Compact florescent lights?
Solution to what? Bringing back jobs? Solving the debt? I don't think it's possible to do both at the same time. But to fix the US economic and bring back jobs we have to revisit our free trade agreements and tax laws related to outsourcing.
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Old 05-18-2011, 06:45 PM
 
Location: Unperson Everyman Land
21,040 posts, read 9,751,763 times
Reputation: 4745
Quote:
Originally Posted by Jerseyt719 View Post
I do not feel that the rich should be taxed more so than others, especially when they are working professionals that have worked their butts off to get where they are in life.

Why should those that work hard to reap the rewards of hard work have to pay more to support those that don't?

Enjoy your money that you have worked for.

Not only that, but some professional couples put off having children to develop their careers and build wealth. Who are the rest of us to decide they are unworthy of the financial rewards they sacrificed to have?
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Old 05-18-2011, 06:49 PM
 
2,670 posts, read 3,012,495 times
Reputation: 1256
Quote:
Originally Posted by momonkey View Post
Not only that, but some professional couples put off having children to develop their careers and build wealth. Who are the rest of us to decide they are unworthy of the financial rewards they sacrificed to have?
Increasing taxes by 4% is not "taking away the financial rewards" of people who have sacrificed to make a lot of money. If you make 250k a year and your taxes go from 35% to 39%, is your "years of hard work and sacrifice" all of a sudden not worth it?
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Old 05-18-2011, 06:51 PM
 
Location: Raleigh, NC
19,910 posts, read 8,755,511 times
Reputation: 3636
Quote:
Originally Posted by Majin View Post
Increasing taxes by 4% is not "taking away the financial rewards" of people who have sacrificed to make a lot of money. If you make 250k a year and your taxes go from 35% to 39%, is your "years of hard work and sacrifice" all of a sudden not worth it?
By itself it may not mean too much, but all of the inflation the Three Stooges (Obama, Bernanke, and Geithner) are creating are surely eating their lunch also.
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Old 05-18-2011, 06:52 PM
 
Location: Louisiana
3,904 posts, read 1,289,152 times
Reputation: 1730
Quote:
Originally Posted by momonkey View Post
OK Majin, what is your solution?

Green energy?

High speed rail?

Compact florescent lights?
Inflate yer tires.
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