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Home » Discuss » Archives » General Discussion (01/01/06 through 01/22/2007) |
DeepModem Mom (1000+ posts) Send PM | Profile | Ignore | Sun Dec-31-06 01:32 PM Original message |
Universal 401(k) Accounts Would Bring the Poor Into the Ownership Society |
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zalinda (1000+ posts) Send PM | Profile | Ignore | Sun Dec-31-06 01:34 PM Response to Original message |
1. That would assume you have money you can save n/t |
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jwirr (1000+ posts) Send PM | Profile | Ignore | Sun Dec-31-06 01:35 PM Response to Original message |
2. Are the poor expected to save their own investments into these |
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Joanne98 (1000+ posts) Send PM | Profile | Ignore | Sun Dec-31-06 01:36 PM Response to Original message |
3. Getting a raise would bring them into the "ownership society" too |
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nadinbrzezinski (1000+ posts) Send PM | Profile | Ignore | Sun Dec-31-06 01:37 PM Response to Original message |
4. Ah yes the right is coming back with yet another |
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antigop (1000+ posts) Send PM | Profile | Ignore | Sun Dec-31-06 01:37 PM Response to Original message |
5. oh, brother |
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NashVegas (1000+ posts) Send PM | Profile | Ignore | Sun Dec-31-06 01:40 PM Response to Original message |
6. I Lost Everything In My 401(k) Thanks to Fraud |
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Union Thug (1000+ posts) Send PM | Profile | Ignore | Sun Dec-31-06 01:40 PM Response to Original message |
7. LOL...okay. So the average american is into a negative savings cycle... |
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RB TexLa (1000+ posts) Send PM | Profile | Ignore | Sun Dec-31-06 01:48 PM Response to Reply #7 |
14. You can invest 401(k) money in currency or bond funds with very low |
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Union Thug (1000+ posts) Send PM | Profile | Ignore | Sun Dec-31-06 02:08 PM Response to Reply #14 |
21. That's not the point. To me, every person in this country should |
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MaryBear (1000+ posts) Send PM | Profile | Ignore | Sun Dec-31-06 01:40 PM Response to Original message |
8. An interesting idea and certainly one way to provide |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Sun Dec-31-06 01:41 PM Response to Original message |
9. That's how they destroyed guaranteed pensions |
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Union Thug (1000+ posts) Send PM | Profile | Ignore | Sun Dec-31-06 01:44 PM Response to Reply #9 |
10. If people aren't in massive debt at the starting line, how the hell |
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RB TexLa (1000+ posts) Send PM | Profile | Ignore | Sun Dec-31-06 01:45 PM Response to Original message |
11. It's a good idea even if it's not much matching from the government |
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dave_p (1000+ posts) Send PM | Profile | Ignore | Sun Dec-31-06 01:47 PM Response to Original message |
12. No |
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TahitiNut (1000+ posts) Send PM | Profile | Ignore | Sun Dec-31-06 01:48 PM Response to Original message |
13. The 'greater fool economy' is drafting fools. |
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antigop (1000+ posts) Send PM | Profile | Ignore | Sun Dec-31-06 02:21 PM Response to Reply #13 |
25. All a ploy to inflate stock market prices |
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TahitiNut (1000+ posts) Send PM | Profile | Ignore | Sun Dec-31-06 02:40 PM Response to Reply #25 |
28. Yep. Notice the equity vs. loan dynamic. |
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antigop (1000+ posts) Send PM | Profile | Ignore | Sun Dec-31-06 03:02 PM Response to Reply #28 |
32. And how are CEO's of corporations compensated? |
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TahitiNut (1000+ posts) Send PM | Profile | Ignore | Sun Dec-31-06 03:52 PM Response to Reply #32 |
33. Indeed. And repurchase is motivated by keeping the market price up. |
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Greyhound (1000+ posts) Send PM | Profile | Ignore | Sun Dec-31-06 01:52 PM Response to Original message |
15. Mom, do you have an opinion on this? |
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DeepModem Mom (1000+ posts) Send PM | Profile | Ignore | Sun Dec-31-06 02:04 PM Response to Reply #15 |
18. The Center for American Progress is a progressive thinktank. Here's a link... |
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Greyhound (1000+ posts) Send PM | Profile | Ignore | Sun Dec-31-06 02:33 PM Response to Reply #18 |
27. Thanks for your reply. I would make two suggestions. |
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TahitiNut (1000+ posts) Send PM | Profile | Ignore | Sun Dec-31-06 02:45 PM Response to Reply #18 |
29. I regard them as "Third Way" ... not liberal. |
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cosmik debris (1000+ posts) Send PM | Profile | Ignore | Sun Dec-31-06 01:55 PM Response to Original message |
16. What a load of crap! |
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crikkett (1000+ posts) Send PM | Profile | Ignore | Sun Dec-31-06 01:55 PM Response to Original message |
17. sounds like privatizing social security |
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JDPriestly (1000+ posts) Send PM | Profile | Ignore | Sun Dec-31-06 02:05 PM Response to Original message |
19. I have invested in 401Ks for quite some time. |
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pansypoo53219 (1000+ posts) Send PM | Profile | Ignore | Sun Dec-31-06 02:07 PM Response to Original message |
20. pfft |
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applegrove (1000+ posts) Send PM | Profile | Ignore | Sun Dec-31-06 02:11 PM Response to Original message |
22. And the poor end up competing with the rich on stocks..and they loose. |
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antigop (1000+ posts) Send PM | Profile | Ignore | Sun Dec-31-06 02:14 PM Response to Original message |
23. I would STRONGLY recommend the book: The Great 401(k) Hoax |
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antigop (1000+ posts) Send PM | Profile | Ignore | Sun Dec-31-06 02:20 PM Response to Reply #23 |
24. Best quote I have found.... |
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antigop (1000+ posts) Send PM | Profile | Ignore | Sun Dec-31-06 02:31 PM Response to Original message |
26. Let me put it this way.... |
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wishlist (1000+ posts) Send PM | Profile | Ignore | Sun Dec-31-06 02:53 PM Response to Original message |
30. Many middle class people can't afford and borrow (draw on) their 401k's |
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newportdadde (1000+ posts) Send PM | Profile | Ignore | Sun Dec-31-06 03:01 PM Response to Original message |
31. The federal gov will match.. with what? Toilet paper dollars? |
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DU AdBot (1000+ posts) | Sat May 04th 2024, 11:19 AM Response to Original message |
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