Now that China devalued its labor in order to compete, American employers may have to.

[InformedConsent]

Originally Posted by dv1033

Well I'm about 30 and have a retirement account so my perspective is different and I side with youth over the boomers and elderly.

If corporate profits are reduced, your retirement account will have inadequate growth to fund your retirement in the future. That's what I'm asking you... do you think Americans will voluntarily agree to reduce their future retirement draws?

Very simple retirement account calculator:

https://www.calcxml.com/calculators/...ent-calculator

Now, ask yourself... WHERE do you think the "investment return" (which this calculator sets at 8% per year) comes from?

[dv1033]

Originally Posted by InformedConsent

If corporate profits are reduced, your retirement account will have inadequate growth to fund your retirement in the future. That's what I'm asking you...

Well obviously it depends on the reduction. Why are you assuming any reduction will have inadequate growth for retirement? I can already tell you've become stuck on this argument. Can you at least not be so vague and fire off some numbers in regards to how much corporate profits would decrease?

do you think Americans will voluntarily agree to reduce their future retirement draws?

And I answered that above. Whether accept or like my answer is on you as you have a habit of picking and choosing what you reply to.

Very simple retirement account calculator:

https://www.calcxml.com/calculators/...ent-calculator

Now, ask yourself... WHERE do you think the "investment return" (which this calculator sets at 8% per year) comes from?

LOL. I understand fully well. It's you who is assuming this is the only way for retirement and/or assuming any reduction is terrible. Playing with your simple retirement calculator, when you change the parameters different ways you still get a similar retirement amount....

One can be contribute a larger percentage of their income with a 1.5 point reduction and still retire practically the same according to retirement calculator....

[InformedConsent]

Originally Posted by dv1033

Well obviously it depends on the reduction. Why are you assuming any reduction will have inadequate growth for retirement?

Because the investment earnings in your retirement account would have to substantially beat the rate of inflation in order to have adequate growth to provide sufficient funding for the amount of time you'll need to draw on your retirement account. Reduce corporate profits, and that won't happen.

Don't forget that calculator assumes only a 3% annual rate of inflation. The inflation rate from 1970 to 2009 averages out to be a little over 4.5% per year, 50% higher than that calculator assumes.

[michiganmoon]

Originally Posted by dv1033

By that logic, we had the largest economic crisis and largest bailouts under a republican administration. Bush Jr may have done more trickle down than Obama by your logic.

Again, comprehend what I said. Or just continue with the partisan slant.... World doesn't care about conservative vs liberal.

You are highly ignorant.

#1 QE is much bigger than the bailouts.
#2 Obama also participated in bailouts.
#3 QE is Trickle Down as established by my countless links on it and your inability to provide anything to the contrary.

Obama owns QE Trickle Down. Every Fed pick he has made has been to a QE Trickle Down supporter.

Obama then on one hand tells his fawning fans that he opposes Trickle Down in broad terms, while on the other hand running more Trickle Down than Reagan.


Break your sheep chains and stop covering for Obama's lies.



Trickle-down quantitative easing: James Saft | Reuters

Quantitative Easing is Trickle-Down Economics

How Quantitative Easing Helps the Rich and Soaks the Rest of Us - Reason.com

Janet Yellen

Editorials | Mauldin Economics

http://nypost.com/2013/09/23/feds-pl...-down-with-us/

http://www.roanokefreepress.com/gues...tative-easing/

[greywar]

Originally Posted by InformedConsent

How much of a reduction in their pensions/retirement accounts do you think Americans are willing to voluntarily take? Any at all?

just how many Americans do you think have well funded pensions or retirement accounts?

[InformedConsent]

Originally Posted by greywar

just how many Americans do you think have well funded pensions or retirement accounts?

I never said they were well-funded. The fact of the matter is that many millions have a pension or retirement account, AT ALL. Exactly how many people clinging to what even YOU admit is very little for retirement funding are going to voluntarily agree to accept EVEN LESS for the sake of reducing corporate profits?