I keep thinking about an article I read in the Economist a couple
years back.
It stated there are two types of people in the world, Taxpayers
and Taxeaters. Up to now the Taxeaters of the world have had it
easy, but the free buffet is coming to an end.
There is going to have to be a reckoning on these generous
pension plans in the near future unless we start getting double
digit gains in the equity markets on a regular basis.
years back.
It stated there are two types of people in the world, Taxpayers
and Taxeaters. Up to now the Taxeaters of the world have had it
easy, but the free buffet is coming to an end.
There is going to have to be a reckoning on these generous
pension plans in the near future unless we start getting double
digit gains in the equity markets on a regular basis.
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