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


To: ChanceIs who wrote (180462)1/29/2009 11:30:58 AM
From: Jim McMannisRespond to of 306849
 
Tombasco is pushing precious metals. Get with the program. g



To: ChanceIs who wrote (180462)1/29/2009 11:43:50 AM
From: TommasoRead Replies (1) | Respond to of 306849
 
Like most of us older people, you seem to forget that youth, energy, and enterprise are inflation-proof assets.

Also, older people die and younger people inherit their financial assets. Dead people do not live in houses.

It is a cliché of microeconomics, and not a personal foible of mine, that on the whole, inflation ends up transferring wealth to younger people.



To: ChanceIs who wrote (180462)1/29/2009 12:02:19 PM
From: MulhollandDriveRead Replies (2) | Respond to of 306849
 
Old people tend to have lots of assets. Perhaps not so much since the market crashed.

depends on how long they live

check this out, startling numbers on what it really means to spread the wealth around, click on the link for the chart:

andrewdubinsky.com

Who pays for the Stimulus?
January 29, 2009 · 25 Comments

I wanted to know who will PAY for the stimulus. I have heard numbers tossed out such as $6,700 per household, but not all households pay the same taxes. Most households pay nothing at all. So, I took the breakdown of who pays federal taxes by percentage of income and then looked at how many people that represents.

The top 1% of taxpayers pay 39% of all federal income taxes. It stands to reason that those same earners will be required to pay the same or similar percentage of the stimulus. How much is that going to be?

Bottom line: if you are in the top 1%, you can expect to pay almost $240,000 dollars of the stimulus.



To: ChanceIs who wrote (180462)1/29/2009 1:31:13 PM
From: TommasoRespond to of 306849
 
Actually the biggest beneficiary by far is government.



To: ChanceIs who wrote (180462)1/29/2009 10:44:49 PM
From: fattyRead Replies (1) | Respond to of 306849
 
old people have assets that young ones can only dream of: a house that's paid off and a social security system that still mails out checks.