MikeK
Gold Member
I don't know about that. I've been reading and hearing this kind of financial "The sky is falling!" routine for decades now and with very few exceptions, if any, it issues from Libertarians.Political leanings have nothing to do with a person objecting to the mishandling of 15% of his lifetime income.
"Scared?" or "stupid?" In accordance with your perception, perhaps. But there is a third category which may be called, conditioned.I've already said that if you're too scared or too stupid to learn how to invest then you can take your money and buy savings bonds and T bills. But that is not a good enough reason to force me to relinquish control over my money to the crooks in government.
I was born at the height of the Great Depression, which my parents suffered through and learned bitterly cruel lessons from. Their advice to us was to get an education, look for a civil service job with a good pension, live within your means and avoid debt like the plague, don't put all your cash savings in the same bank, and invest in nothing but government bonds.
I followed that advice to the letter. My late wife and I raised three healthy girls, all of whom are happily married. I am retired and living comfortably. I have no debts and I want for nothing. So if being scared and stupid got me here all I can say is the journey has been rather pleasant and productive and there are very few things I would change if I could.
Your ideas of success and happiness are very different from mine. You have a problem with that but I don't.
I'm not forgetting. My contribution was 7.5% and so is yours. You are conveniently including the levy imposed on my employer in that sum to enhance your grievance. If you have a related anti-government problem associated with that it's a separate issue. But you should stop telling workers their FICA contribution is 15% of their income. It isn't!And it's not 7.5 percent you're conveniently forgetting to add the employer match.
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