Saturday, May 07, 2005

Propositions Pass

Looks like all the propositions passed. Tax breaks to the elderly in a military retirement town proved more than a little popular. If this portends the future, when the boomers retire we will all be working 25 hour days to make up for their entitlements and self-created tax breaks. I like old folks as much as the next guy but what are we going to do when that's 75% of the poulation? Anyone want to bet on the Me Generation sacrificing its retirement for the benefit of the next generation? I suggest younger workers open up their IRA's sooner rather than later because they will be paying for the retirement of two other people in addition to themselves. Start saving now!


Post a Comment

<< Home