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Started By
Message
re: Retirement "Inequality"
Posted on 4/7/23 at 10:39 am to Adam Banks
Posted on 4/7/23 at 10:39 am to Adam Banks
quote:
The entire ad dealt with black peoples savings and retirement
Stop being disingenuous. You erected the "take money from white people to give to black people" straw man and beat it down several times. The suspicion about their intentions regarding 401s isn't out-of-the-blue paranoia; they've floated the trial balloon several times since Hillary first spoke of it.
1
Posted on 4/7/23 at 10:40 am to Flats
So you disagree that they may be advocating for privatizing SS?
I just don’t see why an investment firm would advocate for taxing 401ks
I just don’t see why an investment firm would advocate for taxing 401ks
This post was edited on 4/7/23 at 10:41 am
Posted on 4/7/23 at 10:43 am to Adam Banks
quote:
So you disagree that they may be advocating for privatizing SS?
They MAY be advocating for anything. When people start talking about "equity" and "legislation" I don't believe it's unreasonable to be suspicious of their intentions.
quote:
I just don’t see why an investment firm would advocate for taxing 401ks
Because no private firms are currently investing effort and money into woke and "social justice"?
Posted on 4/7/23 at 10:48 am to Flats
quote:
So you disagree that they may be advocating for privatizing SS? They MAY be advocating for anything. When people start talking about "equity" and "legislation" I don't believe it's unreasonable to be suspicious of their intentions. quote:I just don’t see why an investment firm would advocate for taxing 401ks Because no private firms are currently investing effort and money into woke and "social justice"?
So an ad says nothing about taxing 401ks, taxing 401ks would be negative for their business, you have no link to where they advocated for such, you admit that it could be about anything, I present a more business friendly proposal that is more likely for them to advocate for but yet I have to be wrong with no evidence to the contrary.
sounds about right.
Posted on 4/7/23 at 11:01 am to Adam Banks
quote:
but yet I have to be wrong
There you go with the straw man again. Can you discuss anything without that particular fallacy?
Posted on 4/7/23 at 11:02 am to patnuh
quote:
Did yall know that half of black Americans dont have enough savings to retire?
quote:
Retire from what?
TruthPosted on 4/7/23 at 11:24 am to pochejp
“At my job,a lot of the black people don’t participate in 401-k”
When I was working ICU,maybe 1/2 the nurses( mostly white)participated and we made pretty good money. They wouldn’t even do the minimum to get the match.
My manager had a Masters degree and told me she couldn’t afford to even do the minimum.
Then when the market crashed 2008-2009,quite a few people in the hospital cashed in,paid the extra taxes and paid the 10% penalty.
Financial literacy is very much lacking for both blacks and whites.
When I was working ICU,maybe 1/2 the nurses( mostly white)participated and we made pretty good money. They wouldn’t even do the minimum to get the match.
My manager had a Masters degree and told me she couldn’t afford to even do the minimum.
Then when the market crashed 2008-2009,quite a few people in the hospital cashed in,paid the extra taxes and paid the 10% penalty.
Financial literacy is very much lacking for both blacks and whites.
This post was edited on 4/7/23 at 11:26 am
Posted on 4/7/23 at 11:28 am to boogiewoogie1978
quote:
Ahhhh that's not what it said.
Read between the lines. It's the next logical step.
Posted on 4/7/23 at 11:40 am to LordSaintly
Perhaps instead of buying rims, nails, tats, and evidently, dance lessons….some of us put that money into a 401k.
The government already steals way too much of my money.
The government already steals way too much of my money.
Posted on 4/7/23 at 11:49 am to Redbone
quote:
RACIST
Race wasn’t mentioned. Only environment and upbringing.
Posted on 4/7/23 at 3:59 pm to LSUA 75
quote:
When I was working ICU,maybe 1/2 the nurses( mostly white)participated and we made pretty good money. They wouldn’t even do the minimum to get the match.
I believe that. My brother worked for Shell for 5 years before I convinced him to start contributing. Here now some 15 years later he thanks me often. Lol
quote:
Financial literacy is very much lacking for both blacks and whites.
Agreed 100%
Posted on 4/7/23 at 4:02 pm to Honkus
Hard to have enough savings if you don’t, you know, SAVE anything.
If you are living in debt your entire life, you aren’t saving for retirement.
If you are living in debt your entire life, you aren’t saving for retirement.
Posted on 4/7/23 at 4:06 pm to Honkus
No comments allowed on the video.
Posted on 4/7/23 at 4:09 pm to boogiewoogie1978
quote:
It more than likely means addressing it beforehand so they will have some retirement.
Yeah! They're going to tax the hell out of you so it never makes it into your 401k!
Yall getting scared over nothing!
Posted on 4/7/23 at 4:10 pm to Honkus
quote:
Did yall know that half of black Americans dont have enough savings to retire?
Do less than half of white people have enough? Considering something like 70% of Americans live paycheck to paycheck I bet half of whites don’t either
Posted on 4/7/23 at 4:12 pm to boogiewoogie1978
quote:
For the downvoters please tell which of these you disagree with.
The fact that those bitching about inequalities don't push for any of those things right now.
Posted on 4/7/23 at 4:13 pm to Honkus
Have we discussed the absurdity of having an interpretive dance routine in an attempt to address the financial illiteracy of certain people? Although, the young lady with the blonde afro was nice to look at.
Posted on 4/7/23 at 4:15 pm to boogiewoogie1978
quote:
If almost every dime you make is used for surviving then it's hard to save.
Another BS statement.
Millions of Poverty stricken folks have been drawing a government check since the 1960's.
Do you honestly believe they couldn't have saved some of that money, invested in Mutual funds. They can buy designer clothes, Nike shoes, body piercings and tattoos.
Charles Payne, Business reporter on Fox News, told about his youth. Single parent family, mother held two jobs and still they made less than the Welfare family next door. Charles is now a multimillionaire, sends his Kids to college in Europe. Betcha the Welfare family's Kids are still on Welfare.
You have to have a "Want".
I have dozens of Nieces and Nephews living in North Louisiana in poverty. No industry, so they always Vote "Democrat". Democrats care for the little man.
Posted on 4/7/23 at 4:16 pm to Bwmdx
quote:
Why should I be responsible for my actions and now responsible for their as well?
The absolute correct response.
Posted on 4/7/23 at 4:46 pm to Honkus
When Person A invests in a Roth IRA with a diversified portfolio and Person B invests in a Scat Pack Challenger, there's going to be some inequality on the back end.
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