Ping
And throw gubermint overhead on the plan? I don’t think so. And who held the rates so artifically low for so long so their cronies would make a killing? /rhetorical
“These Marxists NEVER give up. “
They’ll get bi-partisan support as soon as the Republicans get their bribes.
Too late. Bush tried back when it might have helped and the progtards accused him of murdering grandma.
>>Ms. Ghilarducci wants to ditch the 401(k) altogether. She and Blackstone Group President Tony James are recommending a mandated, government-run savings system that would be administered by the Social Security Administration and managed by investment professionals.<<
The Onion?
As if there isn’t enough corruption as it is???!!
Democrats/goldman sachs/banks/brokerages/ipo markets/etf and index rigging/Silicon Valley.....
There are hundreds of billions per year being illegally dished out in the scheme above.
Social security is INSOLVENT!
Let me repeat - SOCIAL SECURITY IS INSOLVENT.
It cannot afford to pay everyone off which is why they’ve raise the retirement rates and cut benefits, increases and payments.
But sure, they’re perfectly capable of administering a one-size fits all retirement plan.
(and don’t even get me started on the government’s “success” with Obamacare)
And let us bail out of the damned Socialist Insecurity program if we want to!
I cancelled my WSJ subscription so what’s the gist of this article? That 401(k)s are now bad because common people are doing so well with them?
If you allow Democrat government employees access to your money, they will help themselves to some of it.
And how long before a future Democrat administration would start transferring the money into the general fund?
Yes, let’s let the government control investing our money ... that’s all these big government nutcases know!
What’s wrong with people just finally giving up their delusions that everyone should retire?
CalPers for everyone!
It’s Fascist not Marxist. Gigantic private businesses relying on government to force the public to buy their products is a feature of Fascism.
Trust the government to be responsible? Say Nope to DOPE.
Oh yeah….let the federal government manage your retirement fund,after they have spent all the money in the Social Security fund which is set to go broke in 2023. No one with common sense should fall for this scam.
Mandated
Government run
No
Hell no
I don’t know if they will ever muster the political will to do this sort of thing, but these people should know that their mere talk about this sh!t has been sufficient for me to scale back my retirement contributions dramatically in recent years.