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Christie makes it official
Message
From
06/07/2015 16:05:56
John Ryan
Captain-Cooker Appreciation Society
Taumata Whakatangi ..., New Zealand
 
 
To
06/07/2015 15:27:05
General information
Forum:
Politics
Category:
Elections
Miscellaneous
Thread ID:
01621596
Message ID:
01621810
Views:
62
Some might consider focus on roading corruption to be straining at gnats and swallowing camels. E.g. apart from Social Security currently expected to run out of $ in 2033, the unfunded Medicare $17T deficit makes the banking crisis look like chump change.

Easy to blame politicians- except that for years the electorate punished competent stewards who wanted to fund those schemes properly and rewarded those who promised lower taxes. Medicare in particular was run as a Ponzi scheme by coward politicians and a selfish electorate that professed to be making hay while the sun shone but actually was having a hearty dinner from the seed stock.

Unless you're prepared to give up your Medicare benefits, options now include wrestling healthcare cover for the young back off private insurers so surpluses can be invested to cover policyholders' predictable future costs and help cover the costs of the current ponzi recipients, super inflation, or huge taxes levied on somebody. As long as they cater for the tendency to hold assets in perpetual trusts or company structures that outlive their founders, inheritance taxes probably are fairest as they come from the estate of those who chose not to fund schemes properly when underwriting was easier and compound growth would have delivered a huge equity pot that could have covered a trillion here or there without even noticing.
"... They ne'er cared for us
yet: suffer us to famish, and their store-houses
crammed with grain; make edicts for usury, to
support usurers; repeal daily any wholesome act
established against the rich, and provide more
piercing statutes daily, to chain up and restrain
the poor. If the wars eat us not up, they will; and
there's all the love they bear us.
"
-- Shakespeare: Coriolanus, Act 1, scene 1
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