Posted on 12/10/2013 5:29:43 AM PST by reaganaut1
The fable of the ant and the grasshopper comes to mind.
The number one rule in investing is that more than asset class, diversification, tax loss harvestig, taxable v. non-taxalbe, savings rate is what matters most of all for income earners. If you don’t save, you won’t have a retirement savings.
In retirment, it will be spending rate that will matter most.
Those who don’t save deserve exactly what they have coming to them.
Thats because they spend all their money on bling, low riders, spinner wheels, and on and on. Our money, no less.
The easiest way to accomplish this is through inflation.
Government overspends on its favorite groups and doesn’t fund it directly, but just by printing money. Meanwhile the purchasing power of your retirement and bank accounts melts away.
He wasn’t kidding when he told Joe the plumber that he wanted to spread the wealth around.
It’s just amazing to me that 1/2 the country still hasn’t figured it out yet.
No worries! Just take money from those evil, privileged whites and give it to them!
Somehow, individual choices and the results of those choices just “don’t compute” with leftists.
It affirms my assertion that leftism/liberalism is based on the lies of the serpent, the first of which was “you will not die”, ie, that there will be, and should be, no consequences for wrong choices.
Key statement from the Executive Summary of the report this article is based on:
“Finally, the wide racial gap in retirement assets holds even after accounting for age and income.”
It’s always good to read primary sources rather than editorialized “news” articles.
And those who do save wind up paying for them.
I remember reading the words of a sports agent some years ago who represented a number of NFL football players who were making great gobs of money. One the players was accused of non-payment to the mother of one of his children, and was taken to court.
His agent said the player literally had no money left after making half a million dollars a year for a number of years. The agent said many people didn't understand the mindset of many pro athletes which was to spend everything they earned and save next to nothing.
Sure they do, they have all the white people’s that are soon to be be taken for them.
....This is the beginning of the nationalization of our 401ks discussion. They have to fire up the class and race warfare machine to get the ball rolling....
It seems they would have to do it quickly and covertly, to prevent everyone from cashing out and hiding money...
I’ve a few words for the vultures looking at my 401 and IRSs. It goes back to what a buddy told me about why he quit the repo business. First day out he was repoing a caddy in a “disadvantaged” neighborhood when the semi owner yelled down from the second floor of the walk up: “Put your hands on that car and that is where they are going to stay”. That is exactly what will happen when the vultures try to tow away my savings. Hopefully everyone else will join me.
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