They have already been laying the groundwork for years to do just that.
You will be issued worthless bonds instead, and your Social Security, taxes, Medicare, and access to any other healthcare will be tied to your "cooperation."
Seriously. Posting anything written by this socialist b!tch should be considered a crime. Go Google here and see what she proposed as a mucky muck in the Clinton Administration.
She was one of the early “takers”. Take/assess your 401Ks 20% to redistribute. Tax the hell out of you because you save.
Frankly, I’m astonished anyone takes here for an “economist” any more.
Just another Clinton GHOUL hiding out in Obama’s America of struggle trying to sell the same old tired socialist sh!t.
People are free to do whatever they want and handle their finances however they choose.
What really, really chaps my *ss is that then the government turns around, puts a gun to MY head, sticks its big mitt into MY pocket, and robs ME to pay for THEIR refusal to plan ahead.
Uh....because they’re tapped out? That plus they can’t get any interest on their savings these days anyway.
I long ago came to the conclusion that the Government does not want us to save. It wants us to spend, spend, spend. Why?
1. To stimulate the Economy
2. So we will be totally dependent on Government programs in our dottage
And there always will be ants that live and grasshoppers that starve to death.
Thanks for posting. Excellent read.
They have already been laying the groundwork for years to do just that.
You will be issued worthless bonds instead, and your Social Security, taxes, Medicare, and access to any other healthcare will be tied to your "cooperation."
The Bible describes most of the Patriarchs working until they died.
Not sure where this idea that people are entitled to a period of leasure on this earth came from, but it absolutely wasn’t the God of the bible.
Principles for stewardship yes.
And there are the commands to be fruitful and multiply, to love one another, and for parents not to vex their children. Do all three of those and your kids will probably look after you if you become incapacitated.
But a life of ease? That’s not promised or deserved.
it also sounds unfulfilling.
TERESA GHILARDUCCI
Nothing this bitch writes is anything but socialist, tax the hell our of you claptrap.
She wants to nationalize retirement savings. Her idea is to pay you 2 to 3% on your money... that is no retirement at all. It is slow death by a thousand cuts.
Yeah, like that worked out well with social security.
That said, a positive 2 t 3% looks good by comparison to now.
. . .and then there are us ants who get placed in untenable positions: extended illness, unexpected layoffs, emergencies. . .
Oh, perfect. The gov't has done such a great job managing SS, let's reward them with another chunk of money from which they can steal. Personally, Bush's attempt to let the individual manage their SS account was a great idea, but people are so damn stupid and lazy they let the opportunity slide by. My Mom worked 48 years, with both she and her employer paying into SS all that time. She retired at age 66 and died 8 months later. Guess who gets to keep her money? Most people have the economic IQ of dust.
When the government tales 12.4% of your lifetime earnings for Social Security, it's harder to save on your own.
Bernie Ebbers still rotting in prison.
Doesn't mean the ants should pay for the grasshoppers. By her premise, we could say, there will always be those who are much more athletically gifted, so let's make them share their salaries with those who aren't. Or those who are gifted in business, or the arts, or fill-in-the-blank. Simply broken down, from each according to his ability to each according to his need. It's just socialistic wealth redistribution hiding behind bad social psychology.
My BIL is the ultimate grasshopper. At 66, we're not sure he's worked enough to be able to draw SS. His philosophy is that spenders are better with money than savers, because spenders can think of a lot of things to do with money (to spend it on), whereas savers just know how to do one thing with money; save it. Needless to say, he and Hubby, who is a saver, don't have the best relationship.
The author has been trying to figure out ways to help them get their hands on it for a good while now. Looks like the current attempt is, "People are too stupid to save, so the government should do it for them. You know, to be helpful."
Periods of unemployment and under employment impair ability to save for retirement. (In other words, it is difficult to save money if you aren’t making much - or any - in the Bush/Obama economies.
My parents lived in a big 6,000 sq/ft house with a creek out back along with a comfortable life. My dad made $12/hr plus bonus if the company did well. This back in the 60’s and 70’s.
I make more then double and cannot afford that same size home. The gov’t made everything more expensive while exempting themselves. Heck they even have stores charge me 10 cents for grocery bags!
Life punishes people for being less disciplined.
Liberals are perpetual teenagers.