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HRC proposed something similar, she proposed the govt - taking charge of your 401 funds,

Posted: Nov 30th, 2019 - 9:22 am In Reply to: So does Mayor Pete. His "voluntary government 401K" - is merely the first step to a

in return for a guaranteed 2% rate of return. Thus, the govt. can guarantee a pension to all of us, apparently even to people that never worked, worked very little, or even if you spent all of your money at the local tavern during your working years instead of saving it. They'll just use other people's money to redistribute.

Social Security was conceived as and IS a supplemental retirement plan. But it failed and thus was created 401K’s along with IRAs.

ANYONE can get an IRA, even if their company offers a 401k and you can even get the tax credits for your IRA if you don’t contribute to your 401k

This doesn't make any sense as a plan - it doesn’t benefit anyone... except the government which will take in more money and harm the individual.

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Elizabeth Warren wants to tax your retirement - (so does Bernie Sanders) (Views: 320, 2019-11-30, 7:16 am)
- So does Mayor Pete. His "voluntary government 401K" - is merely the first step to a (Views: 122, 2019-11-30, 7:20 am)
  - Yeah, sure. I want the government handling my 401K, - they did such a fine job on my (Views: 140, 2019-11-30, 9:14 am)
  - Great, another program with its own tax acquisition. - Just another pool of money for the (Views: 77, 2019-11-30, 9:16 am)
    - this will just disincentive people to save anymore. - nm (Views: 91, 2019-12-01, 8:51 am)
  - HRC proposed something similar, she proposed the govt - taking charge of your 401 funds,
- Well worth reading. It's also worth noting that if the - Democrats ever manage to take control (Views: 161, 2019-11-30, 7:23 am)
- TAX your retirement...misleading - You pay tax in retirement now (Views: 164, 2019-11-30, 9:09 am)
  - Fear porn is when "climate change" activist tell kids - they are going to die in 12 years. (Views: 96, 2019-11-30, 9:30 am)
    - Speaking of climate change, that's another way politicians - want to tax the US. They want to (Views: 127, 2019-11-30, 9:33 am)
  - This means that our IRA/401K will be taxed TWICE - as much! This is crazy! (Views: 102, 2019-12-01, 8:39 am)
- Is there anything they DON'T want to tax? - nm (Views: 95, 2019-11-30, 9:11 am)
  - Nope. - sm (Views: 119, 2019-11-30, 9:41 am)
  - Taxes or unbridled profits. Which do you prefer? - Moderate taxes to benefit all (Views: 123, 2019-11-30, 10:35 am)
    - I prefer not to be dependent on what the govt decides - I need. What happens when the (Views: 113, 2019-12-01, 5:57 am)
      - This is how class envy starts. First it's income, then it's - property. Politicians say things (Views: 89, 2019-12-01, 6:32 am)
      - You prefer your MTSO? - NM (Views: 114, 2019-12-01, 12:49 pm)
        I have a choice to A) Stay where I am. B) Get another - job. C) Start my own business. (Views: 99, 2019-12-02, 5:02 am)
    - "I do not understand the preference for poverty." So you - think by taxing the rich you (Views: 89, 2019-12-01, 6:03 am)
    - Ask the Bidens what they did with all those billions that - belongs to taxpayers. (Views: 104, 2019-12-01, 6:05 am)
    - And when the "rich" stop producing and there's not - enough tax to pay for everything (Views: 108, 2019-12-01, 6:06 am)
    - Moderate taxes? By the time we pay property taxes, - income taxes, state, fed, local, (Views: 89, 2019-12-01, 6:10 am)
      - I'll add phone and other utility taxes (check out the fine - print on the bill), vehicle (Views: 77, 2019-12-01, 6:41 am)
    - Unbridled profits? Wealth taxes never solve our problems. - There are always consequences (Views: 87, 2019-12-01, 6:19 am)
  - Taxman by the Beatles....Let me tell you how it will be - There's one for you, nineteen for me (Views: 79, 2019-12-01, 6:11 am)
- What gets - Me (Views: 143, 2019-12-01, 6:46 am)