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House Democrats Contemplate Abolishing 401(k) Tax Breaks

Featured Replies

QUOTE (Balta1701 @ Oct 21, 2008 -> 12:59 PM)
I can see the motivation for a mechanism for enforcing savings...but as long as Social Security exists, giving people encouragements for additional retirement savings while at the same time taking advantage of the equity premium you get in any timespan when there is not a Bush in the White House seems like an appropriate strategy.

 

If you want to privatize Social Security as has been repeatedly proposed, then this would make more sense.

 

What if we want to just get rid of the largest ponzi scheme in the history of mankind?

QUOTE (southsider2k5 @ Oct 22, 2008 -> 07:47 AM)
What if we want to just get rid of the largest ponzi scheme in the history of mankind?

But there's a lot of people (like Balta... :D) who don't.

 

QUOTE (kapkomet @ Oct 22, 2008 -> 04:07 PM)
But there's a lot of people (like Balta... :D) who don't.

Or anyone who's paid in to the system who wouldn't get their money back if 2k5 was allowed to abolish it :D

QUOTE (Balta1701 @ Oct 22, 2008 -> 07:07 PM)
Or anyone who's paid in to the system who wouldn't get their money back if 2k5 was allowed to abolish it :D

:lol:

 

Yea, I figure that I'm paying in for nothing right now.

 

QUOTE (kapkomet @ Oct 22, 2008 -> 04:09 PM)
:lol:

 

Yea, I figure that I'm paying in for nothing right now.

Gives me a great message. "Vote for Democrats...it's the only way to get back the money you pay in to OASDI!"

QUOTE (Balta1701 @ Oct 22, 2008 -> 07:07 PM)
Or anyone who's paid in to the system who wouldn't get their money back if 2k5 was allowed to abolish it :D

 

Like we are getting our money back anyway...

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