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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: TobagoJack who wrote (9039)2/19/2003 10:23:34 AM
From: Mr. SunshineRead Replies (3) of 306849
 
<<a) we have no social security pension/social transfer programs other than for the very destitute

(b) folks are expected to save, invest, buy annuity policies, and>>

This would never work in the People's Republic of California. Folks here expect social programs to take care of them so they do not need to save, invest, or buy annutity policies. These folks are called the "less fortunate".

Of course if someone does save and invest, they are considered the "greedy rich" and are expected to give to the "less fortunate".
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