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re: Biden voters ready to give up 401k and the stock market.
Posted on 7/16/20 at 12:10 pm to Numberwang
Posted on 7/16/20 at 12:10 pm to Numberwang
quote:
Because it is proposed by a Democrat, along come all the Dems making apologies for and minimizing it.
Cult.
Absolutely correct. I told a lib in here just the other day that if his democrat masters told them to surrender their retirement accounts that they would trip all over each other to do it and that's the plain truth. Like you said, they're a fricking cult and it's disgusting
0
Posted on 7/16/20 at 12:15 pm to badguppy
quote:
Shareholder vs Stakeholder theory...
I tried to get a UGA Terry biz school professor to mentor a PhD program for me out of law school (didn't want to practice--still don't. Lol) in this arena. This was 20 years ago, and it was a universal, "not interested in this topic."
I will have to ask my Terry prof friends how it'd be received now. It's a mix of libtards and normal people there now.
This post was edited on 7/16/20 at 12:16 pm
Posted on 7/16/20 at 12:17 pm to Corso
quote:
401k is a part of systematic racism and white privilege
That must be code for some saying I am too lazy to do this and it isn't fair that others plan better for their future.
Posted on 7/16/20 at 12:21 pm to tide06
quote:
The time for liquidating 401k plans and eating the associated penalties isn’t far off.
Unless you hide it in your mattress, they can still find it and take it. Plus, they can always just print enough money to render it worthless. "Oh, you have $600,000 in cash? Well, we're printing $100,000 notes now with nothing backing them. Congratulations on your 6 bucks."
Posted on 7/16/20 at 12:22 pm to 20 ton
quote:
Who do you think owns Exxon stock
In one of life's great ironies, the largest shareholders of XOM (FD: I am a shareholder and my brother works for them) are leftist unions (specifically their pension funds) who loudly advocate against fossil fuels.
Posted on 7/16/20 at 12:23 pm to Shorter Yards
(no message)
This post was edited on 1/10/21 at 9:55 pm
Posted on 7/16/20 at 12:24 pm to RiseUpATL
Ever heard of “rent control”? Check it out because that’s how they will stick to ya.
Posted on 7/16/20 at 12:26 pm to Tantal
(no message)
This post was edited on 1/10/21 at 9:54 pm
Posted on 7/16/20 at 12:28 pm to McLemore
It's more of a common practice by big business than not these days. That is reality. It's why many here complain about companies taking political, social, and environmental stands on ANY life topic. That, and the tendency for companies to cater toward younger customers at the at the risk of alienating older customers, when required.
Posted on 7/16/20 at 12:28 pm to Shorter Yards
quote:
That must be code for some saying I am too lazy to do this and it isn't fair that others plan better for their future
Exactly.
But I think the long term plan was to tap into our private funds and “redistribute it equally” all along.
Posted on 7/16/20 at 12:31 pm to MAGA
quote:
But I think the long term plan was to tap into our private funds and “redistribute it equally” all along.
This isn't a new plan.
Not sure of your age, but Google Bill Clinton taxing IRAs in the early 90s. He proposed a one-time 15% "tax" on all privately held IRAs in the country and to use the money to shore up Social Security (yeah, right). Fortunately, the Pubs took over the House in 1994 and that plan was dead.
Posted on 7/16/20 at 12:37 pm to tide06
No grandfathering on this concept?
Posted on 7/16/20 at 12:47 pm to TheHarahanian
quote:
This. When I find out they’re planning to rob me, it’s my responsibility to make sure they can only do it one time. They get tax + 10% and never another penny.
If this ever happens, you'll be eating a lot more than 10%.
You'll be selling into a market that will be demanding huge discounts. You better expect losing 50-75% of your value.
This post was edited on 7/16/20 at 12:50 pm
Posted on 7/16/20 at 12:49 pm to moneyg
(no message)
This post was edited on 1/10/21 at 9:44 pm
Posted on 7/16/20 at 12:50 pm to 20 ton
Start selling now.
Posted on 7/16/20 at 1:00 pm to badguppy
today's City Journal piece on stakeholder theory and Basement Joe
As if Biden even grasps the concept fully.
As if Biden even grasps the concept fully.
This post was edited on 7/16/20 at 1:02 pm
Posted on 7/16/20 at 1:01 pm to tide06
quote:
If you wait to sell until the new plan is announced you will be out of luck.
I finally "sold the rumor" last week and so far my timing was good. I'm sure some dumb news will come out re vaccines and cause a spike but I'm good.
Posted on 7/16/20 at 1:14 pm to RiseUpATL
[quote]Can’t make more land and people always needs housing.[/quote
Real estate has had its share of crashes just as the stock market. Plenty of investors in real estate have had to sell properties at a loss during economic downturns when cash flow no longer covered carrying costs.
Real estate has had its share of crashes just as the stock market. Plenty of investors in real estate have had to sell properties at a loss during economic downturns when cash flow no longer covered carrying costs.
Posted on 7/16/20 at 1:21 pm to Jp1LSU
We all sell and help fulfill Trump’s prediction of Joe’s election causing a crash.
A better solution may be help Trumps re-election. I’ve worked myself to a good stage in life. I hope I get to enjoy it.
A better solution may be help Trumps re-election. I’ve worked myself to a good stage in life. I hope I get to enjoy it.
Posted on 7/16/20 at 1:57 pm to RebelExpress38
quote:I don't care if they have to put both candidates on stage in separate, sterile glass boxes with a podium and a microphone. However it needs to happen, it needs to happen.
I just hope they are forced to wheel him out of the basement long enough to expose how mentally not there he is.
The WORLD, especially undecided voters who know little about politics outside of the propaganda they see during election cycles, needs to see Biden for what he really is.
The left will fight these debates with every bit of frickery that they can fabricate. They know, with 100% certainty, that Trump will win in an electoral AND popular landslide if the real Biden is put in the spotlight against the Orange One...
States like Virginia will rethink their proposals to give their electoral votes to the winner of the popular vote.
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