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To: pingman

Yes, I have also been following that issue. Twenty or thirty years hard core leftists were advocating a universal pension plan for all works-all IRAs, 401-K plans etc would be taken and used to fund this system, at least until the money ran out. Those ideas are slowly moving into the mainstream. After all saving for your own retirement is a form of white privilege and therefore racist.


65 posted on 07/21/2019 5:57:21 PM PDT by Maine Mariner
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To: Maine Mariner
Twenty or thirty years hard core leftists were advocating a universal pension plan for all works-all IRAs, 401-K plans etc would be taken and used to fund this system, at least until the money ran out. Those ideas are slowly moving into the mainstream. After all saving for your own retirement is a form of white privilege and therefore racist.

Exactly.

Over 70% of Americans live paycheck-to-paycheck. Of those totally dependent on state or government benefits, the figure approaches 100%.

Over 50% of Americans could not come up with $500 if they needed it for an emergency such as a home or car repair bill (think about that one).

42% of Americans have less than $10K saved for retirement.

79 posted on 07/22/2019 2:19:51 AM PDT by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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