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The Champions of the 401(k) Lament the Revolution They Started (Teresa Ghilarducci, again)
http://www.wsj.com/articles/the-champions-of-the-401-k-lament-the-revolution-they-started-1483382348 ^
| January 2, 2017
| Timothy W. Martin
Posted on 01/02/2017 11:45:22 AM PST by abb
click here to read article
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These Marxists NEVER give up.
1
posted on
01/02/2017 11:45:22 AM PST
by
abb
To: Grampa Dave
2
posted on
01/02/2017 11:48:11 AM PST
by
abb
("News reporting is too important to be left to the journalists." Walter Abbott (1950 -))
To: abb
And throw gubermint overhead on the plan? I don’t think so. And who held the rates so artifically low for so long so their cronies would make a killing? /rhetorical
3
posted on
01/02/2017 11:49:49 AM PST
by
NonValueAdded
(#DeplorableMe #BitterClinger #HillNO! #MyPresident #MAGA)
To: abb
“These Marxists NEVER give up. “
They’ll get bi-partisan support as soon as the Republicans get their bribes.
4
posted on
01/02/2017 11:50:16 AM PST
by
dljordan
(WhoVoltaire: "To find out who rules over you, simply find out who you are not allowed to criticize.")
To: abb
Too late. Bush tried back when it might have helped and the progtards accused him of murdering grandma.
5
posted on
01/02/2017 11:50:48 AM PST
by
wastoute
(Government cannot redistribute wealth. Government can only redistribute poverty.)
To: abb
>>Ms. Ghilarducci wants to ditch the 401(k) altogether. She and Blackstone Group President Tony James are recommending a mandated, government-run savings system that would be administered by the Social Security Administration and managed by investment professionals.<<
The Onion?
6
posted on
01/02/2017 11:51:13 AM PST
by
freedumb2003
(I have feeling '17 is gonna be a good year)
To: abb
As if there isn’t enough corruption as it is???!!
Democrats/goldman sachs/banks/brokerages/ipo markets/etf and index rigging/Silicon Valley.....
There are hundreds of billions per year being illegally dished out in the scheme above.
To: abb
Social security is INSOLVENT!
Let me repeat - SOCIAL SECURITY IS INSOLVENT.
It cannot afford to pay everyone off which is why they’ve raise the retirement rates and cut benefits, increases and payments.
But sure, they’re perfectly capable of administering a one-size fits all retirement plan.
(and don’t even get me started on the government’s “success” with Obamacare)
8
posted on
01/02/2017 11:51:53 AM PST
by
Skywise
To: abb
How about HELL NO!!!!
And let us bail out of the damned Socialist Insecurity program if we want to!
9
posted on
01/02/2017 11:52:16 AM PST
by
NorthMountain
(Northmountain)
To: abb
I cancelled my WSJ subscription so what’s the gist of this article? That 401(k)s are now bad because common people are doing so well with them?
To: abb
If you allow Democrat government employees access to your money, they will help themselves to some of it.
11
posted on
01/02/2017 11:52:26 AM PST
by
blueunicorn6
("A crack shot and a good dancer")
To: abb
a mandated, government-run savings system And how long before a future Democrat administration would start transferring the money into the general fund?
12
posted on
01/02/2017 11:54:59 AM PST
by
rocksblues
(The Obama administration the most unlawful, corrupt administration in US history.)
To: abb
Yes, let’s let the government control investing our money ... that’s all these big government nutcases know!
What’s wrong with people just finally giving up their delusions that everyone should retire?
13
posted on
01/02/2017 11:54:59 AM PST
by
Rurudyne
(Standup Philosopher)
To: abb
She wants the government to STEAL the contributions and appreciation of 401k assets that have been successfully managed so they can be "redistributed" to those who failed to tend to their retirement needs. That would cause me to do a lump sum cash out to keep my retirement out of the hands of this kleptocrat commie "economist".
14
posted on
01/02/2017 11:55:14 AM PST
by
Myrddin
To: abb
15
posted on
01/02/2017 11:58:10 AM PST
by
Mariner
(War Criminal #18)
To: abb
Hopefully, we will have 8 years of Trump/Pence and 8 years of Pence/?.
That will settle this bs re trying to take away our 401 k’s and IRAs.
My wife and I decided that if they tried to take over our IRA, we would cash them out and take the tax hit.
Then, get a reverse mortgage and not need our monthly IRA checks.
16
posted on
01/02/2017 12:01:30 PM PST
by
Grampa Dave
(Obama shut your lying mouth and leave America! You are past your use by date! You stink!)
To: abb
It’s Fascist not Marxist. Gigantic private businesses relying on government to force the public to buy their products is a feature of Fascism.
To: abb
Trust the government to be responsible? Say Nope to DOPE.
18
posted on
01/02/2017 12:02:24 PM PST
by
MtnClimber
(For photos of Colorado scenery and wildlife, click on my screen name for my FR home page.)
To: rocksblues
And how long before a future Democrat administration would start transferring the money into the general fund?
Congress is salivating at the prospect. Think of the spending! The people who sacrificed and saved that money would never see most of it, but what does Congress care? Sadly this includes many so-called Republicans.
19
posted on
01/02/2017 12:02:27 PM PST
by
LostInBayport
(When there are more people riding in the cart than there are pulling it, the cart stops moving...)
To: abb
Oh yeah
.let the federal government manage your retirement fund,after they have spent all the money in the Social Security fund which is set to go broke in 2023. No one with common sense should fall for this scam.
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