It just keeps getting worse. The NYT's "Economic Scene" is giving advice on investment based on the assumption that income tax rates may increase by 80 percent (that's percent, not percentage points) in the future. What is the basis for this projection? The basis is deficit projections that assume that per capita health care costs rise to 4 or 5 times the level in countries like Canada and Germany.
While this is not impossible, the best investment advice to give people planning retirement under such circumstances is to move to a country with a working health care system. Arghhhh, why does the NYT print such nonsense?
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