> a government-run 401(k) plan that would be attached to Social Security <
LOL! Then the race would be on to see which program Congress would drive into bankruptcy faster.
Just another pool of money for the Democrats to steal.
Ah... NO, anything the government touches goes to sht. so I’ll take a hard pass on the government running a 401k.. That and the Bidens, clintons or obams witl just steal it
The government has been wanting to take over IRAs/401(k)s for quite some time.
“Look at that pile of money just sitting there. The privileged people who own it obviously don’t need it. Let’s spend it!”
what could possibly go wrong
I used to describe baby boomers (I’m one) as the lump you see in a large snake after a big meal. Our lump is getting smaller all the time as we approach the snake’s anus.
I just can’t believe that this openly sodomite pervert (is that redundant?) thinks for even a moment that he can be president. But I’m sure that lots of the money sent his way will be spent by him and his “husband”. Incredible that he even darkens our TV screens even for a moment.
What in the world is anyone thinking who supports this sick puppy?
I just can’t believe that this openly sodomite pervert (is that redundant?) thinks for even a moment that he can be president. But I’m sure that lots of the money sent his way will be spent by him and his “husband”. Incredible that he even darkens our TV screens even for a moment.
What in the world is anyone thinking who supports this sick puppy?
Gubamint-run? Oh that’s a good idea... NOT!!!!
Pooof Politics or what?
Your Money goes in..
Ridiculous rules and regulations come out.
Does this stupid idiot even understand what he’s saying outside of polled talking points?
Social security was conceived as and IS a supplemental retirement plan.
But it failed and thus was created 401k’s along with IRAs.
ANYONE can get an IRA, even if their company offers a 401k and you can even get the tax credits for your IRA if you don’t contribute to your 401k (which I did for awhile because my company’s 401k sucked).
Now here comes buttgood who wants to offer a 401k TO social security.
It doesn’t make sense as a plan - it doesn’t benefit anyone... except the government which will take in more money and harm the individual.
Transitioning Social Security to a 401(k)-ish program would stimulate demand for U.S. stocks and bonds, right at a time when #OKBoomers are cashing in their own 401(k)s.
“Lock Box” - Algore.
“If you like your plan, you can keep your plan”. Sounds familiar.
Just say no to Butt01-K.
Politicians already have been salivating over all 401K and IRA plans. Over the years bills have been placed in the Hopper trying to take them and make them a type of Social Security 2 system.
Their reasoning is since the funds aren’t taxed up front they think the Government owns all the funds. Buttigieg’s plan is just another try at taking the People’s retirement savings.
How about making SS a real fund again like before Congress raided it? Build up a the SS fund account instead of the current pay as they go. At least a partial build up and subject part of it to growth funds like a stock index funds. It would grow some compounding interest at least.
Butt’s govt run 401/k? Like investing with a casino. The house wins, we lose.
Buttigieg “is proposing to create a government-run.
One version of this proposal, popular during the Great Recession, was that 401Ks would have to invest in “safe” options. AKA, part of every 401K and IRA would have to invest X% in government bonds. It is essentially confiscation of wealth.
So he wants to RAID SOCIAL SECURITY!!! Great idea, Pete.
[Now, I don’t know if it’s a raid or not, but what the hell, if we play by Democrat rules we’ll just claim that to be the case]
How’s this different from an HSA?