We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
Not-in-workforce is the place to be if you can swing it. No early mornings, not commuting on snow covered roads, no pointy-haired bosses, no workplace (sex, violence, race, ADA, etc.) complaints, no diversity, etc. seminars, taxes are way easier to do, no passive-aggressive office politics.
The only question is, why you didn't drop out earlier.
The Lightbringer showed us the way.
Obama: “I do think at a certain point you've made enough money..."
One thing I've learned is that you've never really made 'enough' money. For a variety of reasons.
In 1985, a friend asked me how much was enough to retire on. I said "$1mm, because at 5% interest you can earn $50,000 a year, which is enough to live."
At the time, it was. Sadly, today at .01% interest you can't live if you're still living on that $1mm. In fact, even if rates were 5%, you'd be struggling to survive.
Several years later, after my first child, I was asked the same question and I said $15mm. The person was stunned and asked why. I said because you could live off the interest and still put money away for inflation. Again, today you would still have issues because at .01% interest you're only earning $15,000 a year.
Today, I'd say you need about $60mm, and you'd have to be prepared to burn down some of your principal.
So no, the concept of 'enough' is really not as clear cut as a parasite like Obama thinks it is, and it's also not so clear cut at different ages and life experiences.
Your best bet, assuming you're active and productive, is to just keep doing what you're doing and if you've got more than YOU THINK is enough, feel free to dole it out in whatever fashion you think is proper. It's called philanthropy and/or charity, and it works.
Except government hates competition, so it's better to kill charity whenever possible.
No argument that the Fed's latest follies rapes savers and fixed income folks like retirees, but soon enough, you won't have to worry about only getting 5% on a bond - you'll be able to get a lot more but then the problem will be that the price of everything will be going up much faster.
And then the question will be, "Where is all that interest money going to come from"? Obama's millennials of course. Let's hope that they are able to get good jobs making lots of money because they're going to need it to pay off their student loans and our Social Security.
Would have had that million if I hadn't lost the five working years I planned for, if I hadn't had the company matching funds disappear, if the recession hadn't gutted my 401K, if the house hadn't burned down... Sheech! enough already!
The thing is, you have to cut back on spending. All spending. Sorry about that; waitresses and cooks at the restaurants I used to go to, the resort in Maine we used to visit two or three times a year, the books and records and movies I used to buy at Borderers, new clothes before they have worn out, new shoes when they look scruffy...
What I can't understand is why the economy can't get back on its feet?
Worldwide free contraceptive supply would be a good start. In the USA there are not enough jobs left for the qualified workforce we have. But Obama keeps saying "We need to keep on creating more jobs."
Sell that to some 55-year-old who just lost his or her job -
Notice I said "qualified"; from what I see out there, there's not enough unemployment.
I dislike graphs that fudge the zero point. This actually shows a rise from 62.7% to 66.3% and back down again. That may be as significant as is being suggested, in the context of an actual working economy, but the appearance is that it goes from about 0% to 90% and back. Shifty.
Assistant Village Idiot