Here They Come! Why Congress Might Have to Mess with the 401(k) | TigerDroppings.com

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CarrolltonTiger
LSU Fan
New Orleans
Member since Aug 2005
46304 posts

re: Here They Come! Why Congress Might Have to Mess with the 401(k)


quote:

I wonder if those crooked bastards will put a stipulation in this bill like obamacare where they will exempt themselves?


Do you actually think their salary can presently be put into a 401K?

Their pension scam should be reformed but that has nothing to do with a 401K plan.







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Taxing Authority
LSU Fan
Houston
Member since Feb 2010
22907 posts

re: Here They Come! Why Congress Might Have to Mess with the 401(k)


quote:

It looked at data from Denmark, where the pension system is similar to that in the U.S., and found that every dollar that government spent on tax breaks increased total savings by about one penny.
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Anyone care to point out the PAINFULLY obvious flaw with this "conclusion"?
Since no one bit... first, the government doesn't "spend" $1. Second, and more importantly the study makes no attempt (from what I can tell from teh poorly written article) to account for the benefit (and wealth created) by investement over the term of the 401k holding time. Nor does it account for the additional taxes to the government as a result of that increased wealth created by the increase of available capital.

It's a pizz poor one-dimensional analysis that wouldn't fly in even a crappy MBA program. But hey! It makes great propaganda!






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TJG210
LSU Fan
New Orleans
Member since Aug 2006
22180 posts

re: Here They Come! Why Congress Might Have to Mess with the 401(k)


quote:

Do you actually think their salary can presently be put into a 401K?


Perhaps I'm wrong, but I thought like any other government employee they have a TSP (which is pretty much a 401k).






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