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- @The Happy Rock: well, the title is of course a little bit inflammatory. At the same time, I'd still argue that the basic numerical concept is there: children take money to raise. With no...
- Not related to this article directly: There's a movie "Idiocrasy" starring Luke Wilson that sums up what everybody knows is happening. The movie itself is done poorely, but the idea...
- BB, I am not sure I see this conclusion play out in real life though. On the extreme end the 20 richest people in the world all had children. I know it is extreme but it would basically destroy the...
- Bubelah, Well, I'm 38 and half; not really young in terms of a woman deciding whether or not to have kids. I don't have much time left to change my mind, and I don't think I will. I...
- It's not quite the same thing, since you're talking about a positive benefit (schooling) versus a negative one (prisons and taxes). A better example might be taking the free public...
brip blap
life, family, the world, wealthbuilding and the pursuit of happiness
As I spent some time in an assisted living facility last week I thought about aging and money. Here are the two most important concepts I came away with:
At the end of your life, money and things are not important. Having friends and family and a rich store of memories will be more importa ... Continue reading »
At the end of your life, money and things are not important. Having friends and family and a rich store of memories will be more importa ... Continue reading »
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Baby-boomers are starting to retire. Laws & policies will be made to accomodate this surge of elderly, so techniques will likely already be in place when you are nearing your life's end. Simply do what everyone else does. The S&L bailout helped people that got into trouble "doing like everyone else." Similarly, this Mortgage bailout eventually should do the same.
If your child lives on his/her own, for a couple of years, so only their own, meager income is used to calculate "financial need" they likely will qualify for a grant to cover their tuition, at most state-funded universities.
People are not usually upset about legal immigrants, like the ones arriving at Dulles airport, since they are treated about equally.. having to pay income taxes, and abide by the same laws. Their sorrow comes from illegal immigrants coming in, being treated at public facilities without helping pay for the services through taxes, which are not withheld by their employer who is paying them sub-standard wages, and not withholding taxes. That keeps the local wages low.
Ross Perot was right when he said when NAFTA passes, you will hear a sucking sound as manufacturing jobs move south of the border, where minimum wages & OSHA expenses are avoided. The same is true concerning China being given Favored Trading Partner status in the mid-1990s. We have no trade tarriffs, so everyone in the U.S. buys the cheap foreign goods.
Federal Reserve Notes are owned by international banks. Their "value" is backed by the Gross Domestic Product of the USA. As manufacturing jobs are sent out of the country, we are effectively exporting the "security value" of the Federal Reserve Notes, making them worth Less than before, so we have inflation.
This devaluation likely will drive us into becoming the North American Untion. Just as Britain's population had 70-percent vote to NOT join the European Union, their lawmakers added them into it, anyway. The same can happen to the USA. After all, it was in 1913, near a congressional break, that the Federal Reserve system was wiggled into law, to take us off the gold-standard, and onto the unsecured, FRNs as our money.
Each time we print Federal Reserve Notes, those are bank-notes, debts the USA owes to the bankers of the international Federal Reserve, to whome we pay interest, funded by taxes, merely for the privelege of using their bank-notes.
Your value to the world system is your value to the community. So, serve your community (and don't keep it too much of a secret.) Maintain your extended relationships, since they are part of your community. And I agree, don't watch the news, too much. It is true, "with much knowledge comes much sorrow."