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Depending on how they decide to time their retirements, boomer departures from the workforce could result in periods of negative growth in the domestic labor supply, and in any case, the growth in that supply will be depressed. Rising demand for workers against a steady or declining supply. What do you suppose will happen? What do you suppose will happen as the result of that?
A better case for all natural citizens of these United States to tell Fed. Gov't that income taxes on labor is illegal.
Or you could just eliminate the federal income tax on labor, which would be a huge boost of morale to laborers across the nation.
Money illusion for the most part. All you do is create a trillion dollars worth of tax revenue that has to be collected somewhere else. There is no somewhere else. There is just us. The laborers, the consumers, and the taxpayers are all exactly the same people.
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Originally Posted by Blue Grass Fever
Immigration i hope you speak of is the legal kind.
It doesn't matter. If rational immigration policies are adopted, the greater portion of new immigrants will be legal. If not, then they will be illegal. They will still be here either way.
the market will never handle poverty because theres no money in it
as wealth becomes increasingly concentrated in the top 1%, charity will decrease as well
Here I was thinking more in terms of a change in policies(tax etc) that will help to increase entreprenurship and increase foriegn investment into America to help create more jobs.
Here I was thinking more in terms of a change in policies(tax etc) that will help to increase entreprenurship and increase foriegn investment into America to help create more jobs.
Isn't that pretty much what we have had for the last 20 years? Such policies have failed and accelerated the export of jobs to other countries. Most companies are now largely owned by foreign investors and we've seen a huge export of all but physical service jobs to Mexico, India, etc.
Laissez faire politics and economics had their day in the 19th century and resulted in a huge disparity of wealth and shrinking of the middle classes. The resultant woes created the economics that gave Communism root. We are currently seeing a return to it and guess what - it has resulted in an increasing shrinking of the middle classes and concentration of wealth in a small percentage of people.
As far the original query: Boomers have been the author's of the current spate of deregulation and open markets that have gotten us to where we are now. They have attacked the size of the govt. by castigating civil servants and pushing the ideology of only the private sector can perform govt services well (without a shred of evidence to validate that and tons of evidence to belie it).
What that has gotten us is the smallest number of civil servants since the Kennedy administration despite the huge increase in population since then, and the largest number of uncounted contractors. The costs to the govt have increased hugely while pretending that the govt is smaller.
What is the old saw? Those who ignore the lessons of history are condemned to repeat them.
So, no. Continuing failed policies will not solve our problems, it will only exacerbate them.
You can easily remove the tax on labor and other sorts of income by simply displacing yourself from the grid. Income on barter, puchase/selling of physical metals and collectables, and working "under the table" are very difficult to enforce vis-a-vis the IRS.
Where'd ya get the crystal ball. The half baked model postulated below may or may not happen. I could throw out what ifs all day that increase/decrease the speculative numbers you suggest. I'll give ya credit for at least sounding educated and informed.
More immigration is fine, we pick who, how many and from where.
Quote:
Originally Posted by saganista
Do the math. The boomers aren't dying, just retiring. Hence, population growth rolls right along as does the increase in demand that results from larger numbers. Depending on how they decide to time their retirements, boomer departures from the workforce could result in periods of negative growth in the domestic labor supply, and in any case, net growth in that supply will be depressed. Rising demand for workers against a steady or declining supply. What do you suppose will happen? What do you suppose will happen as the result of that?
You can easily remove the tax on labor and other sorts of income by simply displacing yourself from the grid.
Income on barter, puchase/selling of physical metals and collectables, and working "under the table" are very difficult to enforce vis-a-vis the IRS.
I've done it before abeit "crudely", reorganizing nowadays and going with a "sophisicated" approach.
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