401K's are already an artificial siphoning of worker capital into the rich people's stock market game. This is just par for the course.
post
I don’t give a shit if it’s straight up free money, I won’t ever enroll in a “Trump account”. I’ll just die at 67 instead.
It's okay. They'll probably steal whatever you put in it anyway. Imagine if the Trumps make a big stock move and then had everyone's "Trump account" cover the bet at a tidy profit.
Trump has tainted this entire country with this stank. The businesses paying him off. The people licking his crack. The politicians giving him cover. Fuck all of them. Forever.
There is a tiny bit of irony in that this is exactly what many rural voters said about Obamacare. One difference (of many) being that they have been dying because of that choice.
When I did my taxes this year it asked if I wanted to open a Trump Account for my kid, so that it would receive any future deposits the government gave out.
It was so disturbing and disgusting to see something that gross in writing in a real-world context.
No fucking thanks.
Could you imagine if Obama made them actually call it Obamacare. There would have been riots.
Absolutely.
It's almost funny, like they are going through a checklist to retcon everything they ever said about their opponents to be projection.
Of course, a lot of it was genuine projection because that's how they think.
Plus obviously it's not funny to watch a cult of personality take hold so easily and wreck so much for so many.
said the quiet part out loud, eh?
Lmfao.
I'd rather invest it in a fucking NFT or better yet a bank in North Korea.
How many casinos did this dude bankrupt? Jesus man some people are fucking stupid
Social security is a bad investment for an individual, but most people are terrible investors if they invest into their future at all. So by giving everyone that baseline, it helps out everyone else, including the rich. And is therefore a fantastic investment for everyone.
Social security is not an investment at all. It's young people giving money to old people.
For a while, the country didn't have very many old people, so some of the young-people tax went into the general budget (through purchase of US Treasury bills). Now there's too many old people, and you can bet that the general budget won't be giving them anything.
You misclassify it. The government took the surplus with the promise to pay it back, and now is refusing to do so. They are trying to Default on America.
I thought they invest any surplus into government debt securities?
Right: SSA buys a treasury bill, and congress gets to treat that as income for the general budget. For a long time, SSA was the largest holder of US debt. Their surplus has been falling, while the Federal Reserve has bought up tons of Treasuries every time there's an economic crisis and have now eclipsed SSA. Fed holds about $4.5T, while Japan holds barely $1.2T
Whether you think of these inter-governmental loans as "investments," is probably a matter of where you fall on pedantry. If I take a loan from my 401k for down payment on a house, I don't think of that as "investing" my 401k in the house.
It's more like insurance. Some people won't need it much, others will. It can be beneficial to those.
But the real thing you are 'buying' is peace of mind. That is part of the value of it.
You're also supposed to value the fact that you are contributing to the overall health and prosperity of your fellow Americans.
Lol imagine that.
In five years you and I are fighting for the last scrap of rat liver, Ted.
Wasn't Ted the only senator who gave his support to Trump's attempted overturning of the 2020 election? Did he not waddle his fat ass into the House with that loser Boebert and give his support because they needed it? Why were NONE of these traitors arrested and charged? Wtf?!?
It’s literally a slush fund Ponzi scheme only a moron would enroll in a Trump account
United Corporations of America. Much wealth, Vast poverty.
Lift the cap on FICA contributions and appropriate money from the billionaires in any way possible. Hopefully something egregious that will be remembered for decades, something their children and their grandchildren will take as a warning.
something their children and their grandchildren will take as a warning.
A warning? Like this?

I was thinking more like strip 75% of their net worth from them but perhaps I’m not as imaginative as you
Sometimes the best way to treat a cancerous tumor is to cut it out with a blade.
Maybe they should do something like a milestone payment. So you're able to put money away like social security but you can access it every 10 years. So if I put money away from 20 to 30 I can access that money at 30 and then I can put money away from 30 to 40 and then I can access that money at 40. The whole idea of working your entire life to if you're lucky get social security at 65 is kind of ridiculous to me because you're more prone to drop dead during the 65 to 75 decade. So what a waste that is. If I could get myself 5,000 extra dollars when I hit 30 from the savings that I accrued from the decade prior that would be something.

top 50 comments