I don't know if anyone else is as concerned as I am about the state of our both our countries finances and some disturbing trends and options being discussed.
1) Came accross for the second time a discussion about the potential for seizing all 401k money because the average person has insufficient funds to retire (what a surprise) average is well under $100k
Hmm. Perhaps you should read the Constitution. Can't happen.
The process for taking 401(k) money is raising taxes. That's likely to happen in the future but anyone who talks about outright confiscation does not know what they are talking about.
2) Our debt laiden countries continued reckless spending - the pork laiden Sandy relief bill comes to mind.
We probably need to reduce spending. But we are hardly "debt-laden." Our debt is a little less than our GDP. Almost anyone who owns a house is or was in a position of having debt that far exceeded their income. It's not a perfect analogy. But we can correct the situation with responsible spending and tax policies. The ship is not sinking.
3) The seizure of private funds in Cypress.
C'mon, it was Cyprus. It's economy is smaller than many US cities and it has spent the last half a century intentionally attracting money being illegally hidden to avoid taxes. Is it any surprise that European tax authorities wanted a little skin?
4) the mind numbing talk about "fair share" tax rates. We all know it will never be enough! And they re talking about another stimulus plan!
I'm sure we will never agree on what is fair with regard to taxes. But at this point the entire world wants US debt. Our rates are so low because everyone wants to have the US government hold onto their money. That is a hardly a sign of impending doom.
5) people actually putting forth the notion we don't have a spending problem- and the great devide between Dems and Repubs
How do you determine if we have a spending problem?
Years ago when the private defined benefit pension started going the way of the dinosaur I knew and discussed with friends how people will not save enough and they would start looking the piles of those of us who did save. (You know grasshopper and Ant kind of thing) it appears that time is coming- the question is what to do?
Move to a country not so burdened with an aging population
Find a way to offshore your funds to Asia- perhaps buying assets there - condos etc?
Some countries in Asia do have better demographics than we do and some have the same or worse problem compared to us. So you need to know what you are doing and work very hard researching to implement this kind of strategy.
I am interested if anyone has any constructive thoughts?
And no "Ray your crazy" isn't constructive!
How about "Ray, you need to relax an read more widely."
There is a morsel of truth in much of what you say but it is only a morsel. There is no need to panic or do anything rash. The future will bring what it brings. The only thing for certain is that it will bring the unexpected!