Start with 2 million?
LOL. and elect a Democrat Congress.
Want to make $1M dollars in the dairy bidness? Start with $10M
I remember the SNL commercials about money. Need to buy something? Go to your bank and get some! Also the ones about the company so interested and devoted to “Change”. “We can give you 4 quarters, or three quarters, to dimes and a nickel - there are infinite possibilities!” “It’s what we do.”
Seriously, perhaps you remember this b!tch:
In the very early 90s she as a Clinton Administration Socialist functionary was going around proposing either taking of or heavy assessment of all retirement accounts.
This goal is not gone. It’s name has morphed and altered via things like ObamaCare, taxes and other means, but the desire for complete taking and redistribution is still there.
Frankly, if I were a young man today, I’d put my retirement money somewhere it wasn’t accessible by government. I think I’d opt for the First National Bank of Simmons Mattress Company or most any large scale accumulation of high quality guns and ammo, myself.
It definitely is coming.
Ha, ha, ha... that would be funny if it weren’t so true. I read an article that said the 401K blueprint can now be pronounced a failure. Now that the days of guaranteed pensions from employers are gone, there is nothing but uncertainty. I never thought I would say this, but this system works for people who make enough money to set aside. For those of modest means, there is no sweaty wad of cash left over from their expenses to stash in a 401K account. Also, the average person has neither the time nor the expertise to manage an investment account. Most people leave all their money in their employer’s stock, which didn’t work out too well for the poor folks at Enron.
It’s a shame that the US didn’t follow Chile’s lead with their equivalent to social security. People are required to set aside a certain amount while they are working, but it accumulates in their own account and it’s all theirs when they retire. It isn’t a government ponzi scheme like our Social Security system.