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re: Proposed 401k limit -- $2400 per year

Posted on 10/21/17 at 7:54 am to
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
71446 posts
Posted on 10/21/17 at 7:54 am to
Bad idea politically. The narrative would be that they're messing with people's retirement.

Ask the Democrats how messing with people's health care worked for them.
Posted by rrboy
USA
Member since Jan 2005
5326 posts
Posted on 10/21/17 at 8:12 am to
quote:

Bad idea politically. The narrative would be that they're messing with people's retirement. Ask the Democrats how messing with people's health care worked for them.
great point
Posted by HubbaBubba
F_uck Joe Biden, TX
Member since Oct 2010
45860 posts
Posted on 11/1/17 at 6:57 pm to
quote:

Bad idea politically. The narrative would be that they're messing with people's retirement.

Ask the Democrats how messing with people's health care worked for them.
I mentioned this in the thread on the PT board. It will be a disaster for the GOP in 2018 as Dems would take this one single talking point and use it to recapture white, middle class voters who get shafted by the GOP congress giving corporations a tax break and taking away retirement planning from middle American tax payers.

Not to mention, it would have huge ramifications for the economy and interest rates. The current economy is floating on the sea of cash ($17-20 trillion) in retirement accounts. If the rate of savings gets reduced, then the money supply will tighten and interest rates will rise, taking the economy down a few notches.
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