We can help close the gap by seizing one-fourth of everyone's 401(k) savings... you know, as long as we're blithely planning to cut municipal pensions and Social Security.
Well that's interesting, Anon #2: the government should seize 401k assets because it's broke. But it should also pay lifetime entitlement benefits which are funded by only a small percentage of personal taxes.
In other words, private assets are fungible, but public ones are untouchable.
No, no, no, we must be scrupulously fair. All I'm talking about is seizing the employer matching contributions to date, which certainly shouldn't count as property. Maybe raising the age at which one can withdraw funds to 62½ years old. And of course, the interest needn't be acknowledged or paid.
You know, reform.
Contractual promises were good in their day, but we simply can't afford them anymore.
Does it matter anymore?
ReplyDeleteThe whole debate is about when (not if) our government spending reaches the point it collapses the economy.
We can help close the gap by seizing one-fourth of everyone's 401(k) savings... you know, as long as we're blithely planning to cut municipal pensions and Social Security.
ReplyDeleteI'll help by shooting any theif who touches my money - then we won't have to pay their pensions.
ReplyDeleteThe ruling class trembles at your cybercourage.
ReplyDeleteCold, dead hands... activate!
Well that's interesting, Anon #2: the government should seize 401k assets because it's broke. But it should also pay lifetime entitlement benefits which are funded by only a small percentage of personal taxes.
ReplyDeleteIn other words, private assets are fungible, but public ones are untouchable.
No, no, no, we must be scrupulously fair. All I'm talking about is seizing the employer matching contributions to date, which certainly shouldn't count as property. Maybe raising the age at which one can withdraw funds to 62½ years old. And of course, the interest needn't be acknowledged or paid.
ReplyDeleteYou know, reform.
Contractual promises were good in their day, but we simply can't afford them anymore.