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To: Return to Sender who wrote (56156)5/3/2012 12:33:11 PM
From: Kirk ©2 Recommendations  Respond to of 95541
 
We are in the same boat. Don't forget the Fed and the government needed to raise taxes but can't so they did it by stealth by stealing wealth from savers with below market rates.

It forces many who thought that putting $1M into cash (or 1 YR treasuries, CDs, etc....) would give them a nice, safe $40K a year income to go with maybe 2% dividends from $1M in stocks to wait for Social Security payments... to keep working to make up for that $30K per year tax payment we are paying...

I have good friends with "retirement wealth" who are looking to buy property just to get 3% or 4% after expenses while managing the property and taking a HUGE risk their tenants will trash the place. THey are doing this because the government stole their CD income with low rates.... so they have to go back to work and take on risk.



To: Return to Sender who wrote (56156)5/3/2012 2:29:12 PM
From: FJB3 Recommendations  Read Replies (1) | Respond to of 95541
 
RE: Our economy is barely growing. Business for me is the worst it's ever been. Competitors are giving away incentives of all kinds to bring in business of their own.

Sadly, same here. That is why I get a little pissed when I see articles claiming the economy is just fine. It is not even close.