LordNoob
Senior member
- Nov 16, 2003
- 998
- 8
- 81
Oh wait, you're serious?
Of those people you mentioned, about 99% of their wealth is in stocks. Who would buy it at current prices? No one of course. That money literally doesn't exist. That's like saying we could fund moon bases if just everyone sold their house at current market values.
Too late. Once you give people the free supply, you can't shut it off. 30 years of sustained cuts and simultaneous tax hikes are about as realistic as me growing horse legs.
I agree there is no way we will have 30 years of sustained austerity. However, when you look at the scope of history, our income tax rates are at record lows since the inception of the income tax in the U.S. Even if I am wrong, could it hurt to at least have retirement money diversified into Roth vehicles?
After a "Republican" president increased the debt by more than 7 trillion in 4 years, and yes he was on target to incur a massive debt even before COVID 19, I seriously doubt someone is going to suddenly become the "adult in the room" like Paul Ryan conservatives [falsely] portrayed themselves, but it is still necessary. The current path is not sustainable without major upheaval.