Monday, February 13, 2006

The Boomers' Final Crime...

It looks as though the lazy, self indulgent "boomer" generation is about to stick us with their medical and nursing home bills.

But that's not their last crime on following generations. About 2010 or so, they will start to want that 401(k) money. And having degraded its value with their demand for handouts, they won't want to pay the deferred taxes- on which all the estimates of revenue are based.

I feel confident that they will use their voting power to make those taxes go away. Thal about an inflation bomb going off! The mechanics are simple, the Fed will just crate YET MORE money.

I am looking out for the 401(k) Tax Forgiveness Act of 2012 (or 2016).

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