Liberals and Conservatives ?

[noonereal]

Originally Posted by Charles

Let's play with numbers for a few seconds. And while we're at it, let's pretend that my business partner and myself are managing your retirement portfolio.

Let's say you make 30K per year and give us 15%, which is about how much SSI & matching employer funds amounts to. 4.5K per year. Let's say you work for 40 years, which brings the amount to 180K. Let's say we manage to double that amount, now you have 360K.

So let's say we can manage to make 5% per on that 360K, which comes in at 18K per. This means that we could pay you 1.5K per month, which I'm guessing would be an average SSI payment on the 30K per, without touching the principal. Or you could just put the 360K in your piggy bank and spend it over the course of 20 years, which would still work out to 18K per year, or 1.5K per month.

So let's forget about numbers and talk about reality.

Let's say you're all kicked back in your easy chair, ready to enjoy your retirement and live off of the fat of the land...which you provided in the first place. And then I call you on the phone and tell you that not only have my business partner and myself managed to piss away all of your retirement money, but also borrowed everything we could against it, pissed that away as well, and now you're asshole deep in debt.

I suspect that a lot of you wouldn't be interested in our "it's for the common good" line of crapola, but would instead want our heads on a pike.

Face it, Uncle Sam has busted it off in our asses sideways. And it's just a matter of time before his whole scheme collapses. Just hope that you're lucky enough to cash in before that happens.

At least that's the way things look down here in Bugtussell.

Chas

Good post, we all really grabed our ankles when we though we were pulling a lever. Now it's to late we are already violated.