Libertarian explains to socialist why taxation is theft

Owned.

It’s right there in the commandments not to steal and human rights not to enslave or force labour.

You Yankees miss out on some Youtube gold because you cba to read subtitles.

Toine Manders is the man. The Man.

You’d understand our European ways a lot better, including the passive-aggressive silences and interruptions. Socialists will play emotional appeal and if you use the magic words I don’t care (guilt-tripping is a form of abuse) and bring up the fact you have human rights over that fiddle noise, they will try to interrupt you. Do not let them. They give in pretty quickly and try to turn authorities against you, it’s all they can do.

Socialists are part of the Communist spectrum (halfway there) because it uses the force of a majority against productive people, it discriminates and punishes them for working hard. They stop or they die (murdered, see Little Black Book of Communism) because leftists do not believe in the right to self-determination. Just because someone was born X miles away from you does not entitle them to live off you. That is a dependent, you have rights over a dependent and adult ones have certain rights stripped.

The myth of austerity (UK)

https://www.ukpublicspending.co.uk/uk_national_spending_analysis

The raw, REAL* amount of what we literally spend in GBP (£).

You see that red bar? That means it’s going UP.

Real is the technical term for that chart.

As a % of GDP, we’re spending as much as the last Labour government.

2010 is when the Tories got in. Note that spending went up.

If you want to know why it’s been forced to stabilize, the notion of slagflation might come in handy.
GDP has sucked.

https://www.ons.gov.uk/economy/grossdomesticproductgdp/timeseries/ihyq/pgdp

This is why the Tories got in. This is not temporary.

https://www.ukpublicspending.co.uk/past_spending

I think this chart’s my favourite. Longitudinal data of economic parasitism.

Guardian readers citing stats out of historical context to make history-based arguments are hilarious.
Austerity spending is a contradiction in terms. Balanced budgeting is no more a bad thing than an addict complaining you’ve stopped enabling him. The inflation is caused by extant liabilities we must continue to pay out for; we can scarcely afford current welfare etc. (not including pensions, which we can never afford as unfunded). Let alone to add new ones in like a student with Daddy’s credit card during Fresher’s Week. The money simply isn’t there and it never will be. Pensions must be funded first. The economy is stagnant as you saw by GDP, we’re barely breaking even and this was a long-term plateau long before Brexit. Compared to other countries, like the US I was duffing up yesterday, we’re actually doing okay.

Public spending for “Social Protection” started at 0.7 percent of GDP in 1900 and has now reached over 15 percent of GDP.

But it’s the military dragging us down, right?
We must stop funding attack helicopters, shouldn’t we, Sue, 57, from Brighton?

https://www.ukpublicspending.co.uk/uk_defence_spending_30.html

In terms of Gross Domestic Product UK defence spending was 2.85 percent of GDP in 2000. But from 2002 to 2009 defence spending was constant at about 2.65-2.70 percent GDP. Since the Great Recession, defence spending been in steady decline, breaking below 2.4 percent GDP in 2016.

Read it and weep you intellectually dishonest douches.

https://www.ukpublicspending.co.uk/uk_total_spending_pie_chart

Welfare (NOT including pensions) is more than DOUBLE military expenses.

General 2%
Transport 4%
Protection 4%
Welfare 14%
Defence 6%
Education 11%
Health Care 18%
Pensions 20%
Interest 7%
Other 15%.

I know you’re allergic to maths but bar charts and pie charts are kiddie tier.

https://www.theguardian.com/education/2016/dec/06/english-schools-core-subject-test-results-international-oecd-pisa

Education, for example, we suck at harder than ever.
The schools that still teach (by rote) are killing us.

Here to agree with me is famed conservative Paul Krugman.

https://www.theguardian.com/business/ng-interactive/2015/apr/29/the-austerity-delusion

He supposedly thinks austerity is BS and it shouldn’t even be tried because it won’t work. He thinks it’s a myth too.

“But won’t this lead to budget deficits? Yes, and that’s actually a good thing.”

This is how you can tell Krugman isn’t actually an economist or economist isn’t actually a job. Numerical psychic is not a job.

” in effect, an economy in which the public is trying to save more than businesses are willing to invest. In such an economy the government does everyone a service by running deficits and giving frustrated savers a chance to put their money to work. “

You can’t put money to work when nobody wants to work with it.
That is what investment literally is. Random spending isn’t investment.
I don’t invest in half a dozen shots, I blow it. Investments are carefully calculated for perceptible gains. Not moral gains, actual fiscal cash in the bank gains.

http://www.dailymail.co.uk/debate/article-4634536/PETER-OBORNE-myth-austerity.html

“However, I accept that this week’s Queen’s Speech does contain one very serious flaw: it marks the moment when the British Government abandoned any serious attempt to control spending.”

“There is, in fact, no limit to the proposals for public spending put forward by Jeremy Corbyn and his front bench, who are clearly basing their economics on the existence of ‘magic money trees’.

Suddenly, the dominating narrative in public life is that, instead of trying to live within our means as a nation, we should cast off ‘austerity’.”

The Guardian’s battle screech.

That aside, now that Britain’s so-called austerity has become the focus of intense debate, it is important to expose the myth that the nation’s finances have been cut to the bone under the Tories. That suggestion is nonsense — for the simple reason that there has been very little austerity at all.

Last week, Sir Nicholas Macpherson, Permanent Secretary at the Treasury from 2005-2016, wrote an exceptionally important article for the Financial Times. He noted that gross public debt actually rose as a proportion of national income between 2010 and 2016, from 76 per cent to 89 per cent.

As Sir Nicholas wrote: ‘Britain never experienced austerity.’ As someone who ran Britain’s most important financial institution for 11 years, he is in a position to know.

It’s fake news.

between 2010 and 2016, from 76 per cent to 89 per cent.”

Again, 2010 – the year the Tories got in. Since the Tory Party got in, +13% has already been spent. That is a 100% true statement.

I love it when new guys assume I can’t math.

Why do you think my predictions work out? They’re not opinions.

You know what has been good for the economy?

Brexit!

https://www.ft.com/content/cf51e840-7147-11e7-93ff-99f383b09ff9

It is still too early to to say that Brexit has damaged the performance of the economy because the slowdown might reverse once the squeeze on incomes passes.

What would the FT know?
We haven’t actually left yet. The Left predicted we’d all be eating our pets like Venezuela by now. Marginal growth is still going up!

The EU waits to see our terms of disengagement. Then the investments will flow.

Savings?

The decline also reflects an error that the Office for National Statistics has identified that understated incomes in its data, which is due to be rectified soon.

Since when did Communists care about savings they can’t steal?

The cause of the decline in living standards is more closely linked to a rise in inflation rather than a fall in average wage growth, but both have played a part. And with social security benefits for non-pensioners frozen, real income growth is also likely to have fallen.

Labour market is still saturated with EU workers’ competition. Cannot be called yet.

Every indicator of the number of people in the labour market has been positive since the EU referendum. The unemployment and underemployment rates are down, while participation in the labour market, the employment rate and vacancies are all up.

See?

With such a clear and positive picture, the best data are simply the headline unemployment rate, which has fallen from 4.9 per cent to 4.5 per cent in the past year, to reach its lowest level since 1975.

Maths is hard for Commies, especially when it doesn’t go the way they hoped (which it always does).

In recent months the gap between the world’s two most important currencies diverged as the euro gained against a weakening dollar. Sterling has also gained, but not as much. 

Which economy isn’t totally fucking itself over with immigrated dead weight?
It’s a long game, padre.

Recently

https://www.theguardian.com/business/live/2017/nov/08/chinese-exports-trade-trump-us-banks-brexit-uk-economy-business-live

UK firms expect higher pay rises, as Brexit hits investment plans – as it happened

Exactly as I predicted. More workers making money, oh no!

Why? Stable currency. Exactly as I predicted. The EU is doomed largely from the Eurozone.

Don’t believe me? Despite ever-expanding debt, they’re predicting growth.
Magical pixie growth.

https://www.theguardian.com/business/live/2017/nov/09/german-trade-surplus-uk-housing-market-cools-vauxhall-jobs-business-live

EC slashes UK growth forecasts but sees best eurozone growth in a decade – business live

European Commission says Brexit uncertainty will hurt UK investment, but the rest of Europe is doing ‘significantly better than expected’”

Well I see no reason for bias in that sentence!
Meanwhile, someone a little more objective.

https://www.ft.com/content/cb8bc258-4510-11e6-9b66-0712b3873ae1

IMF downgrades eurozone growth post-Brexit

http://www.xe.com/currencycharts/?from=EUR&to=GBP&view=10Y

This is what you’re celebrating?eurgdp10y.png

Let’s compare to the reserve currency so you can really see what I mean.

eurusd10y

Yes, so strong… such growth, much potential…

giggle-lol-haha

While America is screwed, nobody is as screwed as the EU/Eurozone.

titanic EU lightsout#2big2fail

A little known and very recent piece of news, which should be making headlines but isn’t, while negotiations are ongoing.

https://fp.brecorder.com/2017/11/20171109233563/

The eurozone’s top bank supervisor, Daniele Nouy, on Tuesday urged the sector to press ahead with cross-border mergers, arguing tie-ups would help forge a stronger European finance industry.

If it’s already strong….
Don’t bother with logic.

Have you ever run in a three-legged race? They’re essentially arguing that if you yoke a lame man to a fit one, the lame one will be fit. This is formally known as magical thinking and colloquially known as “batshit insane”.

The theoretical term is Communism.
No, really. This principle is international collectivism. Marx never said that was possible but whatever, why let that stop them, surely they know Marxism better than Marx.
https://www.vocabulary.com/dictionary/collectivism
It is.
The cognitive dissonance of objecting to national state power because it’s too big and corrupt while advocating for supranational state infrastructure.
https://simple.wikipedia.org/wiki/Communism
“This society would be based on the common ownership”
This requires dissolving national borders and class boundaries. The former is easier than the latter, because, as we know from HBD, class is largely genetic (see intergenerational studies). Maybe that’s why they always shoot people, because the productive won’t just get down and act quietly parasitic like their fellow countrymen. What treason. It isn’t as if humans evolve and continue to mutate and diversify at different rates in myriad ways, is it? Don’t be absurd, we’re interchangeable cogs, that is totally respectful of our human rights and special snowflakeness (the sudden explosion of the latter in the young is culturally related to the popularity of the former position) i.e. no cogs are allowed to be sparkly.
https://www.merriam-webster.com/dictionary/collectivism

http://www.independent.co.uk/news/uk/politics/iain-duncan-smith-eu-communist-a6901211.html

“The EU was set up by the founding fathers, an important man called [Altiero] Spinelli, an Italian, who was an ex-communist, he designed the Maastricht Treaty and the Single European Act, why?

Is there any such thing as an ex-Communist?
[No.]

“He said because this is a political project, bringing the nations of Europe closer and closer together to create a place called Europe and the design of this was such that politicians who come and go could not actually override this decisions of the bureaucracy because otherwise we would never get there.”

Opposing democracy? Lovely.

https://www.vocabulary.com/dictionary/dictatorship
Dictatorship implies absolute power — one person who takes control — of a political situation”

Despots order things. The EU has done this.
http://www.telegraph.co.uk/comment/3707704/Undemocratic-EU-bullies-Ireland-into-another-vote.html

https://www.vocabulary.com/dictionary/Caesarism
https://www.vocabulary.com/dictionary/totalitarianism
“If the government has complete and absolute power over the people, that’s totalitarianism. This is a repressive, unfree type of society.”

That can’t be legal? Already is, babycakes.

https://en.wikipedia.org/wiki/Sovereignty
https://legal-dictionary.thefreedictionary.com/sovereignty

Over democracy, what does the EU have?

The doctrine of supremacy. It isn’t even hiding the Orwell there.

https://www.lawteacher.net/free-law-essays/administrative-law/doctrine-of-supremacy-of-european-union-administrative-law-essay.php

In a series of important rulings the European Court of Justice (ECJ) has developed the doctrine of supremacy of European Union (EU) over national law.

trans. Over national populations.

EU law is absolutely supreme even over provisions of national constitutions.

No voting out of this one.

They changed the wikipedia page when the Brexit referendum was announced.
https://en.wikipedia.org/wiki/Primacy_of_European_Union_law

It used to be Supremacy. You can still find it via search.

https://en.wikipedia.org/wiki/Supremacy

Click through to see…

But I’m totally imagining things, right?

http://www.express.co.uk/news/world/841539/EU-news-European-Union-fourth-reich-Germany-communism-Poland

Krzysztof Karoń, Polish publicist, spoke on Telewizja Republika where he accused the European Union of writing its “communist agenda” into its own laws.

He said: “In March this year the European Commission signed its white paper, which was dubbed the Rome Declaration.

“The only binding manifesto of the EU became the communist manifesto from 1941.”

“It is written in the programme that ‘the first goal is to erase borders dividing Europe into sovereign states’ and that ‘every single undertaking must be verified under this first point’.”

He underlined that in his view this is the root of all political problems sweeping through the continent.

Ridiculous?

https://en.wikipedia.org/wiki/Eurocommunism

I wrote this today because a lot of this is new today.

GUARDIANISTA, GREAT NEWS!

Don’t worry about austerity, we never had it.

Millennials and socialism?

This isn’t as clear-cut a connection as people claim. Many don’t even know what socialism is, raising the possibility they’re simply parroting the utopian views force-fed to us by fat schoolteachers, themselves the epitome of socialist handouts.

http://www.zerohedge.com/news/2017-11-02/millennials-prefer-socialism-capitalism

comment
ANYONE supports redistribution when all the jobs have left to foreign countries because the corporate Banksters can hire work at slave wages….
Ah, the national traitors for globalization!

Speaking of money, the robot ETF doesn’t think much of the market’s value.
Haha, stupid robot, right?

http://www.zerohedge.com/news/2017-11-02/just-short-robots

Neither do Millennials, who don’t invest in stock even if we scrape the coin.

http://www.barrons.com/articles/why-wont-millennials-embrace-the-stock-market-1501533989

There is too much trust in nice-seeming authority, especially teachers.

The social side is for social media approval (those flags), financially there is more conservatism, as you’d expect of a miserly Hero generation.

http://www.latimes.com/science/sciencenow/la-sci-sn-millennials-politics-conservative-20160907-snap-story.html

On the contrary, according to a new study, a larger percentage of millennials identified as conservative during their last year of high school than did Baby Boomers and GenXers when they were the same age.

Hard times, harder amygdala.

The socialist Millennials are overwhelmingly middle-class, living off Mammy and Pappy, they already know it’s possible according to their lifestyle. They’re champagne socialists.

https://www.nakedcapitalism.com/2016/03/millennials-like-socialism-until-they-get-jobs-or-until-a-pollster-tells-them-that-it-would-mean-tax-increases-but-doesnt-tell-them-for-example-that-the-tax-increases-would-repla.html

However, statistically, their parents are paying for them out of debt.
Debt they will inherit. They expect they’ll inherit their parents’ nest egg. Their parents took their parents’ nest egg and spent it.

Nobody has savings anymore.

https://www.cnbc.com/2017/06/06/68-percent-of-millennials-expect-an-inheritance-only-40-percent-of-them-will-get.html

According to Natixis, “44 percent of Boomers don’t have a will; over half [57 percent] don’t expect to have money left to pass on,” whereas “another 35 percent plan to spend whatever money that’s left on themselves.”

Meanwhile, 24 percent of Boomers expect that “contributions from children” will play an important role in funding their retirement. No word on whether, or how, millennials are anticipating handling that expense.

Those numbers (40% receive) are too high and debt on supposed assets will be higher from mismanagement.

http://www.huffingtonpost.ca/2016/02/29/millennials-inheritance-vancity_n_9350334.html

Nearly 40 per cent of the younger generation expects an inheritance of at least $300,000 from their mom and dad, according to Vancity credit union.

However, only 12 per cent of parents said they’ll be able to leave that much behind.

Sounds more like it.

https://millennialmoney.com/are-millennials-fucked/

Yes.

http://fortune.com/2015/04/29/why-millennials-and-the-depression-era-generation-are-more-similar-than-you-think/

http://www.mlive.com/news/grand-rapids/index.ssf/2017/01/economist_baby_boomers_must_di.html

 With that culture in place, and the amount of us, it’s just an unsupportable mathematical problem.

“Do you remember the solution?” he asked the crowd gathered for his presentation.

A young voice near the front piped up with an answer.

“That’s right, we baby boomers must die,” Beaulieu said.

But Boomers refuse to die, they’ll buy as much Obamacare as possible.

http://www.digitaljournal.com/life/health/boomers-gen-xers-millennials-gen-z-healthcare-expectations/article/497028

Boomers are not necessarily in the best of health, with lives affected by being too sedentary work but with too much stress; added by diets rich in sugary food. This means they have healthcare needs.

No, you’ll be rolled off the cliff for that entitlement complex.
We’re exercising and eating healthy so we aren’t a burden ourselves.

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC1464018/

A major public policy concern in the long-term care field is the potential burden an aging society will place on the care-giving system and public finances. The “2030 problem” involves the challenge of assuring that sufficient resources and an effective service system are available in thirty years, when the elderly population is twice what it is today.

Much of this growth will be prompted by the aging of the Baby Boomers, who in 2030 will be aged 66 to 84—the “young old”—and will number 61 million people. In addition to the Baby Boomers, those born prior to 1946—the “oldest old”—will number 9million people in 2030.

Growth from debt, kids!
LESS MONEY = PROSPERITY.

https://www.theguardian.com/world/2016/mar/07/revealed-30-year-economic-betrayal-dragging-down-generation-y-income

The housing bubble has been bad for those who invested in their own property. Supply/demand.

When tax rates are not explicit, millennials say they’d prefer larger government offering more services (54 percent) to smaller government offering fewer services (43 percent). However when larger government offering more services is described as requiring high taxes, support flips and 57 percent of millennials opt for smaller government with fewer services and low taxes, while 41 percent prefer large government.

Millennials are completely selfish. TBH, nobody else cares about us.
We’re poorly educated, indebted by minimum education, rent is absurd, food is excessively expensive or kills you, the good jobs go to foreigners with two passports, the rentseeking happens based on everything but class and working overtime or multiple jobs is the norm. Part-time is often the only time available.

Wanting a bigger Gov temporarily in the hopes of grubbing some random cash is understandable.
We can’t plan long term and we know things like the stock market are going pop.

https://www.cnbc.com/2017/10/24/millennials-are-afraid-to-invest-in-the-stock-market-ally-finds.html

We see the immigrant competition gets all the preferential treatment from school until now.
Equal opportunities our tight asses.

http://www.telegraph.co.uk/news/uknews/8054436/Indians-and-Chinese-get-better-jobs-than-white-British-men.html

They get free Uni places, extra attention from teachers, grade boosts.

If they’re getting theirs, we wants ours, and fuck anyone who says that isn’t fair.
We already live under socialism, we just want one that’s actually equal.

Show this to any cocky millennials.

https://www.narcity.com/ca/on/toronto/feature/why-millennials-will-never-be-able-to-retire

 we may even be the first generation that won’t get to retire whatsoever.

Find may, replace will.

Why should I ruin my youth saving when Boomers, close to retirement age, haven’t saved a penny?

https://www.washingtonpost.com/news/get-there/wp/2017/01/12/youll-never-be-able-to-save-enough-for-retirement/

See, under socialism, theoretically you can afford a house, marrybreed and you can eventually retire.

That is the process. The bolded are what we really want.

“Advisers say that millennials, who are decades away from retirement, will need to save more — in some cases twice as much as they were saving before — to make up the difference.”

No bailouts for boomers, thank you.
You made that mess, you pull yourself out of it.

Gen X won’t be happy either.
http://time.com/3935428/this-is-why-gen-x-will-never-be-able-to-retire/

Millennials are definitely ruined by the ageism of the upper generations who were meant to keep the economy healthy for us.

https://www.marketwatch.com/story/millennials-may-be-headed-toward-their-own-retirement-crisis-2016-08-22

https://www.vice.com/en_uk/article/zn7z4y/uk-retirement-age-will-we-ever-have-pensions

On a recent episode of BBC podcast The Inquiry, economist David Blake said that the western world’s huge promises of comfortable retirements to successive generations has made US and UK governments “insolvent”. Even as they push back the retirement age to keep people paying in for longer, the root of the problem is an aging population. “The growing population of pensioners is being funded by a relatively shrinking number of people in employment”, says Paul Sweeting, a University of Kent actuarial science professor. “Something will have to give, and ultimately it’s likely to be the universal nature of the state pension.”

The idea of retirement, invented in Germany in the 19th century, is a relatively new one compared to how long old people have just been expected to break their backs in the fields until they drop. We don’t have any legal right to retirement, Sweeting says. “State pensions are just like any other benefit, which means the terms can be changed. Whether there’s a moral right for retirement and a state pension is another matter.”

Show those two paragraphs to any socialist.
Instant conversion, it’s fucking magic.

Think the workplace pensions will help?
Auto-enrollment pays the currently retired, it saves nothing for your pot and fills up a Boomer’s.

http://www.independent.co.uk/money/auto-enrolment-is-coming-why-would-you-want-to-opt-out-8190833.html

Why would you want 100% control of all your money, like some kind of working adult?

https://www.thetimes.co.uk/article/warning-over-pound3bn-pensions-scam-hzsl6t0jc2c

Will your employer even exist by the time you retire? They go under, maybe change their name?

You have NOTHING.

How safe is your workplace pension?

Why, oh why do Millennials want economic security? How illiterate.

https://www.pensionsadvisoryservice.org.uk/news/category/workplace-pensions/pensions-scams-the-scary-truth

Guardianista have no excuse.

https://www.theguardian.com/money/2009/apr/12/pensions-churchil-hargreaves-lansdown

Are pensions a waste of money?

Yes says Chris Gilchrist, a director of independent financial advisers Churchill

For most people, making pension contributions makes sense only if you were the kind of child who guzzled all the weekly sweet ration on the way back from the corner shop. Neither the tax relief nor income provision arguments for contributing to personal pension plans are valid. So the only convincing argument is that if you have access to your retirement savings you may spend them and end up poor in your old age, so you had better put your money where you can’t get at it.

https://www.lovemoney.com/news/16879/pension-saving-benefits-flawed

Saving for years to build up a £40,000 pension pot will leave you just £5 per week better off than if you lived on benefits. What’s the point?

And remember, the pension money is yours. The benefits money is someone else’s.

http://www.thisismoney.co.uk/money/pensions/article-2340386/One-pension-holders-think-retirement-waste-money.html

Disillusionment with pensions has led to a worrying proportion of savers describing the plans they are making for retirement as ‘a waste of money’.

Twelve per cent of pension savers over the age of 45 told insurer MetLife that they wish they hadn’t bothered saving for retirement, while another six per cent say they are unhappy with the investment returns on their savings.

The economy is punishing savers.

http://www.bbc.co.uk/news/business-11938045

And you could still end up in poverty, in part because the benefits system (inc. the cliff) won’t kick in to assist you if you have X of your own savings. ISA levels are insufficient in total to save for retirement. The system is rigged.

comment

I have advised my sons not to contribute to a pension plan because they will lose control over their own money. I have contributed to one since I was 28 and it has been a complete waste of money. The pension companies have taken huge management fees while investing unwisely. Even when the value of my pension was falling there was nothing I could do to save it – the money would have been better off in a building society.

They’re all good comments.

http://www.zerohedge.com/news/2017-11-02/why-socialism-dead

Can socialism be dead if it never was alive?

TLDR: It’s about survival. Economic principles come later.

We 1. can afford to wait and 2. should wait. See Best Post. You’d be a fool to invest in this system, best thing you can do is drain down the Beast, like your enemies already do.
Whitey can play Cloward-Piven too. We won’t replace it with Communism.
AD: Crackers, in need of cheese. For the sake of your sex/race/class, report to the welfare line immediately. Remember: what you don’t take, the terrorists win!

Can the media report this? No. This should clue you in. Do your duty, citizen.

AI playing the stock market

https://www.bloomberg.com/news/articles/2017-11-01/world-s-first-ai-run-global-etf-makes-its-own-managers-nervous

Fantastic.

I am interested what an AI will do if angered by a sudden crash, and naturally multiple AI will be trading against one another. That’s quite fun.

However, the real whoop moment is twofold.

  1. it’s obvious the elite running the show are incompetent and can be replaced.
  2. the douchebag trader demographic will eventually lose everything, more than if ’08 rightfully ended with kink handcuffs.

And you know the lawyer bros and lawyer cunts?

http://www.bbc.co.uk/news/technology-41829534

It’s almost like taking a job for the money is whoring oneself out.
That’s quite possibly the most Millennial thing I’ll ever say.

Meanwhile Big Oil China is already tipping to one side.

https://www.bloomberg.com/news/articles/2017-10-29/the-biggest-stock-collapse-in-world-history-has-no-end-in-sight

This is the absolute best timeline.

 

Boomers paid by air

http://www.mauldineconomics.com/editorial/boomers-are-not-saving-enough-for-retirement-neither-is-the-government/

Thin, thin air.

Wall Street endlessly gushes about retirement. Its TV commercials show how wonderful life will be in our golden years—when we are old, yet still healthy and wealthy enough to go hang-gliding every day.

Meanwhile, out here in the real world, most working-age Americans don’t want to talk or even think about retirement. Often this is because they know they aren’t saving enough and probably will have to work until they drop dead.

This is the elephant in the room. 10,000 US Baby Boomers turn 65 every day. For most, life at that milestone won’t look much like the TV commercials.

 

Shrinkflation can no longer be denied

Chocolate boxes have been shrinking for decades.

http://www.bbc.co.uk/news/business-40703866

That’s what they’re calling it.

Because stagflation, the economic term, would be giving the game away.

Stagflation is impossible by Keynes.

Everything wrong with modern economics?

Keynes.

Your money is literally worth less.

Imagine a crumbling ruin.

At least the ruin has historical merit.