(09-29-2019 03:46 PM)Owl 69/70/75 Wrote:  

(09-29-2019 02:40 PM)OptimisticOwl Wrote:  

(09-29-2019 02:31 PM)RiceLad15 Wrote:  

(09-29-2019 11:53 AM)OptimisticOwl Wrote:  BTW, if a Democrat is elected I may need to come out of retirement at 75 and find a job. As near as I can tell, I am as qualified as Hunter Biden for the job he held, just with the wrong daddy. Think I have a chance?

What policy that has been proposed by a Democrat would directly affect you in a way that your savings/retirement funds would be hurt so badly that you would need to renter the workforce?

Higher taxes, higher taxes on business and business leaders, more regulation. An anti-business and anti-wealth atmosphere.
I think these would trigger the opposite of the Trump effect, i. e., iinsread of higher economic activity, we would get lower activity. These would hurt not only my retirement funds, but real estate values and real estate demand. My real estate is my back up, and I don't want to be forced to sell in a down market. The combination of lower stock prices and lower real estate demand is horrifying to me. What about it is attractive to you? Buying opportunities?
I notice you ignore the part about my/Hunter Biden's qualifications. I think you are better qualified for Hunter's job than he is. why aren't you getting $50K/month?
https://www.wsj.com/articles/biden-famil...1569271216

Agree 100% with OO.

I would add that it's not so much that an anti-business and anti-wealth atmosphere would harm me. I'm comfortable but not rich, and employed by a state university in a tenured faculty position, so I'm about as recession-proof as I can be. But the persons that I see being hurt the most are people like Lad, because that atmosphere is going to drive investment offshore, and that means fewer future opportunities for people Lad's age. I foresee a simple but consistent outflow of wealth. We will send money overseas for imports, and it won't come back as investment, so we will slowly drain all wealth out of the economy. Just like Argentina 100 years ago. Theirs was part policy and part other factors. Ours will be all policy, because there are no other reasons for it.

We have immense natural resources, which will keep us afloat in theory. But so did Argentina, and that wasn't enough to save them when investment pulled out. I can see us becoming a natural resources and consumption/services economy, selling wheat and oil and iron and coal and whatever overseas for processing and manufacturing there, and taking back cheap consumer goods that are sold at Walmart. I can see farmers and Walmart as the only viable economic parties. I could see a future for barbers, because we will always need haircuts.

My son is in Tokyo and well set to stay. I hope he does, because I can see things here deteriorating to a point where safety is a concern. When Lad and his contemporaries realize the economic future that they expected is gone, I doubt that they will be happy.

Argentina got where it is by deliberately stupid choices -- full stop. It is sad to see Lad and his fellow travelers embracing -- loudly, joyfully, giddily -- the same choices.

They say that countries get the government they deserve. If so, the future is dim.