Ferrari Mailing List: Re: Retirement

[Erik Nielsen (judge4re]

I recall my thermodynamics professor going off on his "the world still needs 
ditch diggers" rant after lambasting some poor sap that shouldn't have made it 
as far as that class with his limited mathematical skills.  Carlin was right, 
think how dumb the average American is, now realize half are dumber than that. 

But in a service based economy, it's all right pocket/left pocket transactions, 
is it not?  

Some days I wish I didn't get a PhD in engineering, an MBA, went to law school 
and was just an ignorant gravel kicker with no knowledge of how messed up the 
system has become, based on "good intentions", but beset with perverse 
incentives...

Hang on, I need to go yell at some kids to get off my lawn.

Erik

Sent from my iPad

> On Nov 2, 2014, at 9:39 AM, Rick Lindsay <richardolindsay [at] gmail.com> 
> wrote:
> 
> Add to that, the boomerangs coming back on the Gen-Xers, thanks to really 
> useful college degrees like Sustainable Organic Mushroom Farming! A friend of 
> ours is getting a BS, appropriately named, in 'Home Creation of Organic 
> Salves and Ointments'. Great career opportunity there!
> 
> The part that really frosts me is that the few Boomers who worked their asses 
> off, lived frugally, and saved almost to the point of pain, are now blamed 
> for being better off than average. Punishment for incentives is the quest of 
> the socialist party. Here we go...
> 
> 
> -------- Original message --------
> From: Erik Nielsen
> Date:11/02/2014 9:22 AM (GMT-06:00)
> To: Rick Lindsay
> Cc: The FerrariList
> Subject: Re: [Ferrari] Retirement
> 
> Rick:
> 
> Contrary to popular belief, the “average" American is by no means wealthy nor 
> have they ever been.
> 
> https://www.census.gov/hhes/www/income/data/historical/inequality/table_IE-1A2.pdf
>  
> <https://www.census.gov/hhes/www/income/data/historical/inequality/table_IE-1A2.pdf>
> 
> The statistics are pretty ugly if you start digging into the details, map 
> disparities of cost of living based on geography on top of it, and its 
> amazing we don’t have more rioting in the streets.  I’m guessing the boomers 
> are going to do their best to pass us Gen-Xers the bill.  And with the 
> majority of the wealth that does exist in equities or personal real estate, 
> the question pops up, who is going to buy all of this stuff?  
> 
> Politicians are just salivating to get their piece of the action as we’re 
> about to see the largest transfer of wealth in human history, the tax man is 
> going to want his cut…
> 
> It is unsustainable, probably need a big smoking heap to reset the status 
> quo, not sure when it will happen, but I would’t bet against it. 
> 
> Erik
> 
> 
> 
> > On Nov 2, 2014, at 8:24 AM, Rick Lindsay <richardolindsay [at] gmail.com> 
> > wrote:
> > 
> > Hi Gang,
> > 
> > Just read that 1/3 of retirement age Americans have less that $1000 in 
> > savings! WTF? Walmart can't support that many 'Greeters'! And some how, its 
> > now my fault.
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