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Unless you plan on eating cat food in retiremnt, your 401(k) has to be "in the market". In other words, you have to gamble in the billionaires' casino. And the house always wins.
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600 posts, read 274,092 times
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Quote:
Originally Posted by lifeexplorer
Loyalty to whom? 401K is your money.
That simple? Perhaps I'm mistaken.
Although, employer match is a pretty common incentive. It's hard to imagine a lot of folks who aren't independently wealthy abstaining.
Anyway, I'm just blathering, not telling anyone do anything.
That simple? Perhaps I'm mistaken.
Although, employer match is a pretty common incentive. It's hard to imagine a lot of folks who aren't independently wealthy abstaining.
Anyway, I'm just blathering, not telling anyone do anything.
And the employer match isn't your money when it lands in your account?
Location: Live:Downtown Phoenix, AZ/Work:Greater Los Angeles, CA
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Quote:
Originally Posted by JDproAV
Elon Musk warns of rising U.S. federal debt, says the general public will have to pay for Biden's $3.5 trillion spending bill and not the billionaires.
That's rich coming from him, considering he's trying to put millions of people out of work (with self driving cars and trucks) to make himself even wealthier
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"Do not pass GO, do not collect $300 (used to be $200)"
(set 8 days ago)
Location: TN
600 posts, read 274,092 times
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Quote:
Originally Posted by albert648
And the employer match isn't your money when it lands in your account?
Hm? No disagreement there. My point was more about the incentives.
Quote:
Originally Posted by InformedConsent
I don't know about loyalty per se, but 401(k) and pension plans do tie the financial interests of nearly 100 million US workers/retirees and corporations together. Whatever benefits corporations also benefits millions and millions of Americans. Likewise, whatever harms corporations harms millions and millions.
I just wonder if those 100 million wonder about where the gains really come from. I bet there are some people who are net-zero: wages would be higher if it weren't for corporate influence, but they also have a modest amount in 401(k) which zeros it out.
Anyway, just some thoughts I've had for a while; I don't want to shift the convo too much here.
I just wonder if those 100 million wonder about where the gains really come from. I bet there are some people who are net-zero: wages would be higher if it weren't for corporate influence, but they also have a modest amount in 401(k) which zeros it out.
Anyway, just some thoughts I've had for a while; I don't want to shift the convo too much here.
Even if they were "net-zero" as you posit, harming corporations harms them, as well. Since American workers and retirees have $37.2 trillion worth of investments in their pensions and retirement accounts, harming corporations financially harms all those millions of Americans financially, as well.
Yes, in the form of stable prices (inflation was low), the lowest unemployment rates in decades (particularly for minorities), and the fact that the low-income were experiencing the greatest wage increases. Then we get Biden who destroyed all that.
RCP Average, Direction of Country - 9/9 through 10/26, 2021
Wrong Track: 60%
Right Direction: 32.8%
So now tax cuts to corporations created stable prices and Biden was somehow able to raise the CPI in a few months all on his own, nothing to do either the pandemic. I thought the main selling point was increased corporate investment back into facilities and bringing back investment here. Now it’s stability, make up your mind.
I thought low income wage increase were due to worker shortages and elevation of the minimum wage requirement.
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"Do not pass GO, do not collect $300 (used to be $200)"
(set 8 days ago)
Location: TN
600 posts, read 274,092 times
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Quote:
Originally Posted by InformedConsent
Even if they were "net-zero" as you posit, harming corporations harms them, as well. Since American workers and retirees have $37.2 trillion worth of investments in their pensions and retirement accounts, harming corporations financially harms all those millions of Americans financially, as well.
The net-zero group surely wouldn't be static, so no argument there. It would be a complex equation to see where the equilibrium would be, and any variable change would affect it. As for the last sentence, it seems analogous to certain parasitic infections, where after a while, removing the parasite can be dangerous to the host.
I'm baffled to that anyone not a billionaire would think Elon Musk has his best interests at heart when it comes to taxation. One born every minute.
Liberals seem to trust Elon Musk with electric vehicles, but all of a sudden he's the boogey man with taxes?
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