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Started By
Message
re: Wage growth @3% with new numbers, 401k’s are
Posted on 9/6/19 at 9:30 am to 90proofprofessional
Posted on 9/6/19 at 9:30 am to 90proofprofessional
quote:
social security and railroad retirement fund are government funds
So? You think it's okay to raid a federally funded retirement system to pay off other government programs? That's the crux of the thread. BTW, how do you figure the RRF is fully supported by the government?
1
Posted on 9/6/19 at 9:33 am to Homesick Tiger
quote:
So?
so you used that example as a counter to 401k's.
Posted on 9/6/19 at 1:29 pm to Y.A. Tittle
quote:But their insane policies are populist ploys, so just like make even minor tweaks to social security, significantly raising taxes on the group that has the most taxable income available (middle class), the ploys can’t “harm” (or make it so obvious) the very population their targeting, which would be the case if they went after retirements. This is why they demonize and target the rich, and the rich would be a group that would not be severely hampered by tax saving investment vehicles with relatively small maximums plus phase outs of certain benefits.
Until you realize they never even try to articulate where they intend to get the trillions upon trillions of dollars it will take to actually PAY FOR their “actual proposals that are insane and actually have people who support them.”
Posted on 9/6/19 at 1:31 pm to buckeye_vol
Nobody serious would ever state there are any limits on the left’s stupidity.
Posted on 9/6/19 at 1:34 pm to KeyserSoze999
quote:
union workers
Trump couldn't have carried the Rust Belt without them, regardless of whom the union officials formally endorsed.
Trump has given them 4 years of more jobs, increasing wages and low inflation and somehow media pundits are expecting them to vote against him this time?
Posted on 9/6/19 at 1:40 pm to gthog61
quote:But their stupidity does have a limit, and that limit is obvious (self-aware) self-harm, which is pretty much the same limit that all living organisms have.
Nobody serious would ever state there are any limits on the left’s stupidity.
This post was edited on 9/6/19 at 1:41 pm
Posted on 9/6/19 at 1:40 pm to Bard
Checking in to say that my wages are experiencing out of control growth.
America!
America!
Posted on 9/6/19 at 1:44 pm to the808bass
quote:Yeah. My first paycheck after a 7% raise was today. I’m going to have to take in the benefits quickly because I only have 12 of them before our second child is due.
Checking in to say that my wages are experiencing out of control growth.
America!
Posted on 9/6/19 at 1:47 pm to KeyserSoze999
quote:
Doing even better Would union workers and younger working dems risk having their 401K’s raided by socialist to pay for all sorts of “free” bullsh|t? Is TDS so strong that people would choose politician promises over their own savings?
I would place a substantial wager that 99 out 100 TDS fueled Prof/Dim leftists can’t effectively communicate why they hate Trump without spewing the typical DimMedia talking points. Those same DimMedia talking points are +90% outright lies and half truths that any semi informed conservative can eviscerate.
Posted on 9/6/19 at 1:47 pm to buckeye_vol
There's so much money in private retirement funds that if the socialists take power they are going to come after it, mark my words. They have to have it, you have it, and they want it.
There's no other place to go to get it.
There's no other place to go to get it.
Posted on 9/6/19 at 1:49 pm to 90proofprofessional
200ProofFraud.....you’re pining for a hard recession, you never Trumper you. Lol!
Posted on 9/6/19 at 1:56 pm to antibarner
quote:
There's so much money in private retirement funds that if the socialists take power they are going to come after it, mark my words. They have to have it, you have it, and they want it. There's no other place to go to get it.
Raiding 401K ‘s will happen after they means test SSI benefits....that’s going to happen first.
Posted on 9/6/19 at 2:02 pm to antibarner
quote:The problem is that a lot of socialists and even more who might support some of their causes, have a lot of money in those retirement funds.
There's so much money in private retirement funds that if the socialists take power they are going to come after it, mark my words. They have to have it, you have it, and they want it.
And you can mark my words, if it was a feasible option, they would be the one’s proposing it, rather than the right.
In fact, if you look at what they are trying to see in their proposals, whether true or not, you will see s common themes:
1. Must (allegedly) benefit the middle class and/or poor.
2. Can only (allegedly) harm the “wealthy.”
3. Can never actually make any sense mathematically.
Raising retirements violates all three. It disproportionately harms the middle class, and the wealthy are actually minimally hard. And ironically it would probably actually be able fund some of their ideas, at least far better than what the first two conditions allow.
In other words, you’re mistake it that you’re applying some semblance of mathematical logic to proposals that require the opposite.
Posted on 9/6/19 at 2:09 pm to Bass Tiger
quote:It’s already essentially means tested, just not subtly, as the payout decreases as the wage basis increases.
Raiding 401K ‘s will happen after they means test SSI benefits....that’s going to happen first.
Posted on 9/6/19 at 2:42 pm to buckeye_vol
Raiding 401 K's is most certainly on their agenda. Steal from the rich making over $35k to give to the poor who are too lazy to work is their strategy.
Posted on 9/6/19 at 2:49 pm to 90proofprofessional
quote:
yep, 10-year expansions are great!
hope we don't do anything to ruin it prematurely
Even calling it great is kind of an undersell. The run we are currently on is unprecedented. We are in the midst of a 10 year and 2 month expansion. An expansion that is longer than any other economic expansion in the history of the United States. We are approaching double the average economic expansion length for the last 50 years, which is less than 5.5 years. Not only that, there has only been one other expansion in U.S. history that squeeked out 10 years, 1991-2001.
At this point, I'm not really sure one should consider the end of such an expansion to have been ruined prematurely. Every single month that we continue in a positive direction is beyond what anyone would have expected in 2009, or even 2015 for that matter. That's why it should be laughable that a recession could end Trump's chances at reelection. If 90% of people had half a damn brain they would be thankful that he's kept things going for this long(while having one hand tied fighting a trade war)
I suppose I would consider a downturn via election of an economically illiterate socialist to be ruining things prematurely. That's about the only self-inflicted wound that should warrant such a description.
Posted on 9/6/19 at 3:09 pm to antibarner
quote:
There's no other place to go to get it.
Trying to figure the narrative isn’t that hard either, something like:
1.Trump was illegitimately elected, foreign help and all
2. Therefore Any gains in retirement accounts after 2016 are illegitimate
3. It’s only right that a certain % of those gains go to pay for X because these poor repressed folks never had the proper opportunity
It won’t be much more complex than 2 or 3 points as their sycophants max out at about 3 full points
Whatever the narrative, the socialist will obviously be playing the hero and great equalizer on behalf of the downtrodden
Posted on 9/6/19 at 3:27 pm to buckeye_vol
quote:
Raiding 401K ‘s will happen after they means test SSI benefits....that’s going to happen first.
It’s already essentially means tested, just not subtly, as the payout decreases as the wage basis increases.
Lol! You’re gonna see what means testing looks like if the Leftists get their way. Some folks will get no SSI benefits
Posted on 9/6/19 at 3:37 pm to Bass Tiger
quote:See I think the result will be the same, but ironically, the reason will be the opposite. People won't get SSI because the it won't be viable as it is, while the left will not want to do anything to make it viable, and if anything, make it less viable.
Lol! You’re gonna see what means testing looks like if the Leftists get their way. Some folks will get no SSI benefits
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