Showing posts with label Forbes. Show all posts
Showing posts with label Forbes. Show all posts

Wednesday, October 20, 2010

Sidebar: Vampire Vegetarians

Some PolitiFact commenters who are ardent conservatives like to label all Democrats as having an *entitlement mentality.* I do not believe that. I know more successful business owners who are Democrats and even more life long union members who are Conservatives. One would think it should be the other way around.

I love this toon!
As a committed stock market investor since about 1985, one would think I was Republican. Personally, I could be if the party accepted moderates or socially liberal Republicans. Even now being retired, my 401K, IRA and outside investments have (obviously) become much more….conservative. I still get a lot of emails from different investment websites I’ve (somehow) given my email address to, just to see what they have to say. Many so-called investment advisors put their conservative leanings out there, such as this email from Gary Shilling of Forbes. Nevertheless, they still have compelling things to say.

The sentence that jumped out in this letter was “By 2018, 67.3% of the population will be financially dependent on government.” As of 2007, according to Shilling, 58.2% of “Americans…are dependent on the government for major parts of their income.” Shilling offers no solutions to this criticism, however, only to use it to make the claim he can make me money “hand over fist” with his for-fee-only investment advice…well, as a conservative investor, I’m not touching that.