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Strategies & Market Trends : Classic TA Workplace
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To: reaper who wrote (50902)8/21/2002 9:45:03 PM
From: Dennis O'Bell  Read Replies (1) of 209892
 
Over-hanging the US is the damoclean sword of the (unfunded) US pension system, otherwise known as social security.

Well, if anyone thinks it's bad here, consider Socialist Europe.

For starters, there's France with its malthusian fantasy called "trente-cinq heures" (35 hour work week) that'll ensure that everyone in the country will retire comfortably by age 55 (or much sooner if they belong to one of the powerful trade unions that run things in reality...)

Personally, after having lived and worked overseas, I think the economic system is still generally more transparent here in the US than elsewhere (and I'm referring to other Western cultures, never mind most of the world.) That wealthy or even moderately well off Americans are not generally clients of the many Swiss or offshore banks already speaks volumes. These banks owe their livelihood to confiscatory fiscal regimes in socialist countries, and tinpot dictators around the world.
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