Contrarian Stock Market Investing News - Featuring Bargain Stocks » Welfare State http://www.contrarianprofits.com Access market-beating ideas from the world's top investment gurus on stock market investing, the gold market, ETFs, Forex trading and real estate values. Mon, 10 May 2010 15:10:45 +0000 http://wordpress.org/?v=2.8.5 en hourly 1 Is 60K a Year Too ‘Wealthy’ For Entitlement Benefits? http://www.contrarianprofits.com/articles/is-60k-a-year-too-wealthy-for-entitlement-benefits/17192 http://www.contrarianprofits.com/articles/is-60k-a-year-too-wealthy-for-entitlement-benefits/17192#comments Wed, 27 May 2009 20:46:09 +0000 Contrarian Profits http://www.contrarianprofits.com/?p=17192 One of the effects of the current crisis will be severe cuts in entitlement programs for “the wealthy.” MoneyNews.com reports that anyone making more than $60,000 a year will be refused entitlement payments under new proposals from members of Congress.
Baby boomers will feel the brunt of the shortfalls in the Social Security and Medicare trust funds. The so-called “means testing” proposal for entitlements is yet another way of screwing savers and earners in America. The message is clear: if you can afford your retirement on private savings, no entitlement payments for you, even if you put into the system for decades.

Americans have just lost over $10 trillion in wealth in the housing crash, stocks are still about 40% off their…

]]> One of the effects of the current crisis will be severe cuts in entitlement programs for “the wealthy.” MoneyNews.com reports that anyone making more than $60,000 a year will be refused entitlement payments under new proposals from members of Congress.
Baby boomers will feel the brunt of the shortfalls in the Social Security and Medicare trust funds. The so-called “means testing” proposal for entitlements is yet another way of screwing savers and earners in America. The message is clear: if you can afford your retirement on private savings, no entitlement payments for you, even if you put into the system for decades.

Americans have just lost over $10 trillion in wealth in the housing crash, stocks are still about 40% off their highs and there’s a strong likelihood of inflation and higher taxes on the way. This is bad news for anybody interest in protecting their savings and retiring in comfort.

Here at Notes, we have no intention of hanging around and waiting for this onslaught. We are putting together a team of financial and legal experts to head up a wealth protection program for people who don’t intend on surrendering their cash to pay for the clean-up costs of the crisis.

This program will provide top-level money management and tax planning advice. If you’re serious about checking out of the welfare state for good, this program may be for you. We intend to keep the amount of members extremely low. If you’re interested in finding out more, send an email with the subject line “Family Office” to info@contrarianprofits.com.

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