Re: Obsessive compulsive disorder: Cloning

[Guest guest]

Personally this inequity is one of the reasons I hanker for the island life.

Lets face it, once you have a certain amount of wealth, there are alot of places on the planet you can live and prosper. (relatively). For example, I recently saw an ultralite joyflight biz for sale in Fiji. The grass airstrip was part of a small resort which catered for those tourists. It was cheap, $220,000 lock stock and barrel, including three planes and hangar. At the time I was fantasizing about selling up, moving to paradise and eeking a living there. Not great profit but the biz itself could always be resellable. Alas the wife said, "you crazy mo.. fu.., aspie, get real". that was the end of that.

Shaun.S W <scwmachinations@...> wrote:

Evan, I believe the baby boomers have sold out their childrens future by either greed or inaction to greed. Remember Gordon Gecko?, "greed is good". It seems not just in real estate, everything.

I am sick of seeing public companies giving their upper management mega mega bonuses. (sometimes hundreds of millions of dollars.)

Remember Grasso of the NYSE? He worked for just over 2 years and recieved a $140 million severance package. It worked out to be he was being paid $80,000 a day. Now I truly believe no man is worth $80,000 a day unless he has a magical wand he can wave to benefit the system. Which he did not. I'm sick of seeing fat cats reaping in mega pay when their company is laying off or nullifying pensions, it is just not right. All these baby boomers have orchestrated their own wealth, if you are one of them, hooray, if not you are on the outside and lose everything. Martha is a good example. When she committed her crime, she was personally worth $150 million, yet she was so greedy, she had to sell 250 thousand dollars worth of shares rather than lose on it. I bet some retired pensioner bought those shares and would have taken the hit for her. Greed greed greed, it makes me sick.

Shaun.Evan Sinclair <cennis007@...> wrote:

Tom

I hate to throw a wet blanket on this but in Australia and no doubt the US boomer politicians have sought to create dual mortgages for splitting property between buyers and corporations in order to keep the hpousing boom moving to benefit themselves. The bit about inheritance has also been taken care of by the fact that a lot will sell their assets pre death to maintain lifestyleThere are already schemes that allow themselves to live in propertry they have sold until they die.

Compare the austerity that the WWII gen lived in even if they had the money and the sumptious existances boomers expect to be maintained in. I beleive there will be a major chism happen that will lead to calls for their euthenasia as they get older. This is not a personal belief but one looking at trends and 2,4,6,8,___ . Sad but unfortunately heading that way.

Evanenvironmental1st2003 <no_reply > wrote:

I feel that while it may seem unfair that we will pay more into the system, we ought to remember that many of us will receive sizable inheritances once all these older folks start dying off. There is a disproportionate amount of elderly folks in the population right now and when they die there money and possessions will need to go somewhere. A slice of it might go to the government (death taxes), and another slice might go to charitable causes and foundations, but the rest will go to friends and relatives, and that's money and possessions that those friends and relatives didn't earn.

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[Guest guest]

Again, the answer is longivity where if you want life extention, you dont get the pension.

What would you all choose, old age paid for by the people, or perpetual youth with no govt. benefits?

Shaun.

P.S. we are not that far off.VISIGOTH@... wrote:

Evan,

The main problem has been that the boomers grew up believing the government would provide for them. Such was the power of the Social Security Myth. Because of this, few of them bothered to plan for their retirement beyond SS. Now that retirement is looming they are seeing the SS won't allow them to maintain their standard of living. Rather than biting the bullet and making last minute efforts to improve their lot, they want the government to up the benefits, including perscription drug benefits.

Well, as it stands now, Social Security and Medicare are underfunded by about $27 trillion. That is 27,000,000,000,000 dollars!!! That is about 9 times the total us federal debt and over twice the size of the total anual economy.

I hate to say it but you are probably right. I really don't think the young people are going to stand for this. I really doubt the recent waves of immigrants will either and really they would probably be even more resentful of it than those native born. Its going to be messy since the seniors and boomers have so much political clout and the politicians are afraid to address the matter.

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[Guest guest]

,

Your right, I do not include Bill Gates or his ilk in what we're saying. (Although it sucks when winword is withdrawn from the standard package).

Another good example is Stanley tools. They were based out of Mass I think. The CEO decided to incorporate in the Bahamas and shift the plant to Mexico. Why? The reason why was cause the CEO's package was linked to how much the company would save and earn. His motivation wasnt for the shareholders, or the American people, or for due dilligence, it was purely to boost his bonus package. At the expense of the American worker and also American tradition. (Stanley is a 140 year old company.

Fricken disgusting and something inheritantly wrong with that.

That island is looking better all the time.

Shaun.VISIGOTH@... wrote:

Shaun,

It is disgusting to see the powers that be get paid huge sums of money even if they only succeed in running a firm into the ground. Many executives over the last decade have killed good old companies and walked away with tens of millions.

What I would propose is a system of matching rewards. CEO wants a golden parachute of $50 million? That's fine, but they will put up $25 million of their own resources first. If the company does well, they get their bonus (well part of it, the rest would be held in escrow for 10 years in case their actions turned out to be all short term flash and long term crash). If the company failed under them, they lose not only the bonus, but their own assests as well. Now that would be an incentive to do a good job.

Grasso did nothing to warrant $80,000 per day. It is unlikely anyone on earth does. A case could be made for Bill Gates and others like him because it was his ideas and hard work that brought the company into being and to what it is today. If his honest efforts made him that kind of money, good for him, that's the ultimate American dream. However, anyone who takes over after him doesn't deserve that kind of reward becaue they will just be a manager and not a creator.

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[Guest guest]

,

That is indeed correct about the provide for ethic that they believed was owed to them. The point out of all of this was that through deomographics they are in control as the political class and have been rewarding themselves with societies assets. Infrastructure paid for by their parents will not be handed down to the next generation as it was for them. Instead they have cashed it in and have spent the results on themselves for their retirement. I believe this will be the cause of the biggest vendetta against them in future. Public utilities that once were public property were sold off. This happened in a huge way in Australia and Britain and indeed is the real engine behind the so called 'Boom' in Australia.

The largese has been distributed too via associations and such that have been sold of and the current members giving themselves the shares. I have spoken to a lot of youth on campuses and such while working with physics departments and such and you can see naked rage in the ascendancy when they realise the causes of why they will never be able to own homes outright as the preceding generations have done. To top it off the ruling elites are now calling for increased immigration to provide a tax base for their retirement. The future will bear witness to what I say here.

EvanVISIGOTH@... wrote:

Evan,

The main problem has been that the boomers grew up believing the government would provide for them. Such was the power of the Social Security Myth. Because of this, few of them bothered to plan for their retirement beyond SS. Now that retirement is looming they are seeing the SS won't allow them to maintain their standard of living. Rather than biting the bullet and making last minute efforts to improve their lot, they want the government to up the benefits, including perscription drug benefits.

Well, as it stands now, Social Security and Medicare are underfunded by about $27 trillion. That is 27,000,000,000,000 dollars!!! That is about 9 times the total us federal debt and over twice the size of the total anual economy.

I hate to say it but you are probably right. I really don't think the young people are going to stand for this. I really doubt the recent waves of immigrants will either and really they would probably be even more resentful of it than those native born. Its going to be messy since the seniors and boomers have so much political clout and the politicians are afraid to address the matter.

__________________________________________________

[Guest guest]

Shaun,

This is my personal dream as well. Top live in paradise and live near subsistence. Fiji indeed is a good one and North West Australia is my personal goal. Near zero population and hot weather all year round. I too get the crazy accolade for suggesting the same thing. What you say about boomer execs is sadly one more example of a litany of financial abuses they are subjecting future generations to.

EvanS W <scwmachinations@...> wrote:

Personally this inequity is one of the reasons I hanker for the island life.

Lets face it, once you have a certain amount of wealth, there are alot of places on the planet you can live and prosper. (relatively). For example, I recently saw an ultralite joyflight biz for sale in Fiji. The grass airstrip was part of a small resort which catered for those tourists. It was cheap, $220,000 lock stock and barrel, including three planes and hangar. At the time I was fantasizing about selling up, moving to paradise and eeking a living there. Not great profit but the biz itself could always be resellable. Alas the wife said, "you crazy mo.. fu.., aspie, get real". that was the end of that.

Shaun.S W <scwmachinations@...> wrote:

Evan, I believe the baby boomers have sold out their childrens future by either greed or inaction to greed. Remember Gordon Gecko?, "greed is good". It seems not just in real estate, everything.

I am sick of seeing public companies giving their upper management mega mega bonuses. (sometimes hundreds of millions of dollars.)

Remember Grasso of the NYSE? He worked for just over 2 years and recieved a $140 million severance package. It worked out to be he was being paid $80,000 a day. Now I truly believe no man is worth $80,000 a day unless he has a magical wand he can wave to benefit the system. Which he did not. I'm sick of seeing fat cats reaping in mega pay when their company is laying off or nullifying pensions, it is just not right. All these baby boomers have orchestrated their own wealth, if you are one of them, hooray, if not you are on the outside and lose everything. Martha is a good example. When she committed her crime, she was personally worth $150 million, yet she was so greedy, she had to sell 250 thousand dollars worth of shares rather than lose on it. I bet some retired pensioner bought those shares and would have taken the hit for her. Greed greed greed, it makes me sick.

Shaun.

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