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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (50926)	1/23/2006 12:57:31 PM
From: ryoung8918	Respond to of 110194

They would never get reelected. Important point. But if you hurt a small enough segment of the population, (The "rich") you can get away with a lot and still get re-elected. As you have noted, the majority is up to their eyeballs in debt, not savings. I haven't seen any figures about this, but I'd guess that the "typical" family in the US has less than 10K in savings. But my actual point was that if the government gets hungry to tap big profits, they can go anywhere they want as long as they provide the masses with "bread and circuses". If there is deflation, savings accounts are where the value will be.