IMF calling for tax on wealth
Posted: October 27th, 2013, 7:33 am
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A rather direct approach to "extinguishing" debt.HouseMD wrote:
The IMF is the most corrupt organization in the world. Their financial policy recommendations are often ruinous once implemented. They gain control over countries by offering them loans, then use those loans to set trade policies and other issues that would otherwise be determined democratically to their liking. Would be nice if their organization were burned to the ground, along with the World Bank and WTO.
Depends on your draw down rate.MrPeabody wrote:A person can't retire anymore with even a million dollars saved up because money is now basically free and you can't get a decent interest rate. What they are going to do is confiscate the wealth of people who are retired. What this means is that everyone here is going to work until they drop dead. No more retirement in the New World Order.
You've got it! I plan on saving around 2 million and leaving my money invested in multiple index funds then withdrawing at 4% a year. In good years, I'll have more fun, in bad years less, but there is virtually no scenario in which I will be starving in the streets.The_Adventurer wrote:So it seems to me, based on Firecalc, the key is to retire overseas where you can live on $1000 a month somewhere. Almost no scenario fails if you can live cheap enough.