Posted on 11/28/2019 9:30:37 AM PST by karpov
Steal it and give it to our enemies.
On this Thanks Giving, they want redistribution, restricting and redistricting of your Monday
What Obama did and communists in Brazile did
The opinion makers are takfiri like terrorists. Just as islamists are more muslim than other muslims thus warranting their decapitation, Seniora “Beto” Buttgig is more woman, more hispanic, more black than actual woman, Hispanics or blacks who need to be told what to think.
An Austrian named Hitler also pretended to know better what a German was than germans....
So Mayor Pete has a cloaca?
Remember the outrage when POTUS Bush proposed People investing some of the SS Taxes they paid and having their own private Account? It was the end of the world.
I’m sure Buttplug’s proposal will be attacked as well.
Tick, tock, tick, tock... #;^)
Those that support him are supporting the gay agenda.
His ideas definitely DO NOT MAGA!
Ah... NO, anything the government touches goes to sht.”””
Ask ANYONE who has had their student loan debt taken over by Obama & ask them about the chronic snafus involved.
I have a friend who has to spend 1/2 a day (or more) at her bank with the bank manager & her local student loan administrator to clear up the facts that her payment is an automatic deduction from her checking account-—and the bank confirms that. The loan administrator cannot seem to get those payments connected to HER loan, and this conference at the bank is a twice yearly loss of time at her business.
This line of problem has been continuous since Obama took over the student loans.
It would mean a good time for banks, and for S&P 500 index funds (and other passively managed index funds). Clearly he's reaching out to the remaining silent Demwits on Wall St.
“Similar to his health insurance proposal, employers with existing defined benefit plans would be able to keep those plans,” Graff explained. “Employers with existing defined contribution plans would be able to keep their plans as long as they met minimum requirements including a 3% contribution requirement on behalf of employees.”
“Defined Benefit Plans” are not 401(k)’s. Only a few giant corporations, union deals, and GOVERNMENT EMPLOYEES have them. So as usual, DEMOCRATS would be exempt from eating their own cooking. Since anyone with employment income can open an IRA with minimal fees — why would there be ANY need for a redundant, expensive, government-run plan?
The government already has a TSP for federal workers. It invests in more less index based ETF type funds.
There is no government investment that the government can not legislate dipping into whenever they want.
They want to grab your 401k and IRA, give you a low guaranteed interest (probably in 1.5 % range) gov 401k in return, and take all earnings above that for fed gov.
They see our 401ks and IRAs as a gigantic juicy peach, just ripe for them to squeeze.
It’s a shame the article was written by an idiot and is therefore incomprehensible.
You are correct, they would see it as an additional raise to pay checks.
Even if you made $15 a hr you’d not have enough money to have contribute to a 401 after you’d already paid Medicare and SS taxes.
Even a minor illness could wipe you out. Hubby had a 3 day stay in the ER as hospital had no room, to stupid to stabilize him and send him to a sister hospital with a room. His legs started tingling in church, and he felt bad, we went straight to ER as we are Seniors. This was 10 yrs ago, and that 3 day bill was $50 K. They didn’t provide that much service, 1 adult aspirin, IV, 3 Nitro Paste, Hooked to Heart Monitor, meals for 2 days, called in a Cardio, lab work, and 1 stress test. 2.5 days listening to a very elderly woman screaming in pain with a open wound, all they did to her was tell her to shut up. No IV, no pain meds. Charged ER prices. Medicare/Tricare covered it or we would have been bankrupt.
“He declared on this website it’s “time for a new approach.””
The current obsolete approach does not allow the government to spend money in 401K’s. Amazingly, it let’s people with NO financial background invest that money into foolish ventures. We need a modern approach where wise people can use that money for good purposes.
No question this is a precursor to stealing every 401K that’s out there. The Democrats have been slavering over that money for decades and they keep coming up with new schemes to get their hands on it.
FUDGEPACKIN PETE NEEDS MONEY FROM EVERYONES 401K TO PAY FOR THE TREATMENT OF TWO ASSHOLES WITH ANAL CANCER.
tbw2 wrote: “One version of this proposal, popular during the Great Recession, was that 401Ks would have to invest in “safe” options.”
Certainly would be part of it. Back during Clinton’s administration, Robert Reich proposed that 10% of all existing balances and 10% of all future contributions would have to go into ‘investments in the inner cities’. Supposedly, this would save taxpayers in the long run since it would result in less crime, fewer prisons, less welfare, etc,.
In today’s environment it would probably go like this: 25% in government bonds, 25% in inner cities, 25% in LGBTQ owned companies, and 25% in sustainable climate change initiatives.
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