Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: XBrit who wrote (173098)	12/22/2008 8:17:25 PM
From: MulhollandDrive	Read Replies (5) \| Respond to of 306849

you know, xbrit....i think i understand your point.... but you gotta realize.... this ain't england in fact, think of the UAW as "england" and consider the objection to the auto bailout (something like 3 to 1) and realize that once americans finally comprehend that the working poor are financing the luxurious pay and pension packages of the unions (UAW, calpers, name the over-indulged union or demographic <boomers>) of your choice.... people think that just because we haven't had social and civil unrest for the past 40 years (generation) or so, it can't or won't happen again... well take a look at greece, sweden, russia...in fact i believe the entirety of europe will become a powder keg as younger workers (those who actually have jobs) live a lifestyle by FAR less than the people they support... think it cannot happen here? think again btw, did you notice that austria lowered its voting age to 16 in 2007? i expect to see more of that as political parties attempt to snag the allegiance of younger voters...they did that to balance out seniors..... the younger generation understands they are being tagged to pay for a lifestyle for seniors that they cannot achieve under the best of circumstances....forget about a global recession its gonna get ugly, fast.

To: XBrit who wrote (173098)	12/23/2008 3:21:23 AM
From: tejek	Respond to of 306849

Having grown up in England before Thatcher, anything that's happened here this year seems wildly capitalist in comparison. Those $4/gallon gas taxes throughout Europe have been in place for decades, for example. As have large luxury taxes on any car that's above basic transport. I think it may be time to implement similar policies in this country. One of the great things about most European cities is the extensive development of mass transit. You don't need a car to get around. I wouldn't mind at all relying less on the car....esp. now that the US is funding the Saudis currency reserves.