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!

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