Rantings and tirades of a frustrated economist.
Here's the "plan". Everybody will be required to buy an annuity from the government with their IRA, rather than withdrawing and passing the surplus to their children.
@FSKDear Lord!We need to stop these dog-eating psychopaths. What I don't understand is why government doesn't realize that this is exactly HOW states collapse.As Forrest Gump says:"Stupid is, as Stupid does."
Seems to this slow-learner that the basic lesson is:No amount of education in economics, politics, history, or philosophy will ever trump envy.Or as Forrest Gump might say,"If I make it, they'll just take it."
llSeems to this slow-learner that the basic lesson is:No amount of education in economics, politics, history, or philosophy will ever trump envy.Or as Forrest Gump might say,"If I make it, they'll just take it."Bill K.
Plunderers will be plunderers. First they spend, then they degrade the currency, then they seize the wealth of the enemies of the people. Of course this doesn't help. So the enemies of the people go from being the 1%, to the 2% to the 5% to the 20 % to the 50%. Then comes collapse.But plunders will be plunderers.
How bad are the lies in the Forbes article:Roth IRA's are for the 1%.That's interesting:Like all good things, there are certain limitations placed on the Roth IRA. This type of IRA was developed specifically with middle-class Americans in mind, so there are obviously income restrictions and contribution limitations, but the expected age limits may surprise you.Unfortunately, if you're single and have an adjusted gross income (AGI) of $110,000 or more, or if you're married and filing your taxes jointly and have an AGI of $160,000 or higher, you're not eligible to contribute to a Roth IRA. Think about investing those six-figure salaries into other high-return retirement options. Another income rule with Roth IRAs is that you must earn a minimum annual income equal to what you contribute to your Roth IRA. If you earn only $3,000 a year, you can contribute no more than $3,000 annually to your Roth IRA. Everyone else can contribute a set amount, determined by age, annually.Not only is every single person with a Roth IRA contribution making under $250,000/yr, they are making less than $160,000.So yeah, anyone who thinks politicians really care about you and not just lying to get your vote, explain that one.
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