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Old 02-03-2013, 06:24 PM  
HonestChieffan HonestChieffan is offline
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Do you want the Government involved in your 401K?

http://www.bloomberg.com/news/2013-0...attention.html
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Old 02-04-2013, 08:20 AM   #31
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Originally Posted by La literatura View Post
401k is a government created tax-deferred retirement plan.
If we had a consumption tax would you be worshipping government because all savings were government created tax-deferred plans? Or do you only give government this kind of praise when it establishes a baseline of taxation and then carves out a limited tax deferred savings program from that baseline?
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Old 02-04-2013, 08:31 AM   #32
KILLER_CLOWN KILLER_CLOWN is offline
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Old 02-04-2013, 08:46 AM   #33
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Originally Posted by KILLER_CLOWN View Post
"The best argument against democracy is a five--minute conversation with the average voter." -- Winston Churchill
That's awesome.
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Old 02-04-2013, 09:04 AM   #34
KILLER_CLOWN KILLER_CLOWN is offline
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That's awesome.
Only because it's true, yes?
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Old 02-04-2013, 09:08 AM   #35
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Keep government out of my Medicare!
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Old 02-04-2013, 09:45 AM   #36
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Originally Posted by KILLER_CLOWN View Post
Only because it's true, yes?
Yes, absolutely.
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Old 02-04-2013, 09:48 AM   #37
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Keep government out of my Medicare!
Keep government out of my government!
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yeah i may be a retard but I'll be the one banging your girlfriend when you're out with your friends.
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Old 02-04-2013, 09:55 AM   #38
La literatura La literatura is offline
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Originally Posted by patteeu View Post
If we had a consumption tax would you be worshipping government because all savings were government created tax-deferred plans? Or do you only give government this kind of praise when it establishes a baseline of taxation and then carves out a limited tax deferred savings program from that baseline?
If we had a consumption tax, I would be criticizing the government for allowing such a travesty and injustice onto the American people. Fortunately, we don't.

My statement wasn't a "kind of praise," though the 401k scheme seem fine to me. It was a statement of fact: 401k plans are products of governmental legislation. Asking government to get out of it seems to miss that point.
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Old 02-04-2013, 10:20 AM   #39
patteeu patteeu is offline
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Quote:
Originally Posted by La literatura View Post
If we had a consumption tax, I would be criticizing the government for allowing such a travesty and injustice onto the American people. Fortunately, we don't.

My statement wasn't a "kind of praise," though the 401k scheme seem fine to me. It was a statement of fact: 401k plans are products of governmental legislation. Asking government to get out of it seems to miss that point.
I don't think it misses that point at all. I think that point is pretty irrelevant. The government could have created a 401K with any degree of government micromanagement or none at all. Preferring a more hands off approach is no more hypocritical (as you seemed to imply in post 7) than preferring a heavily micromanaged approach.
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Old 02-04-2013, 11:10 AM   #40
La literatura La literatura is offline
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I don't think it misses that point at all. I think that point is pretty irrelevant. The government could have created a 401K with any degree of government micromanagement or none at all. Preferring a more hands off approach is no more hypocritical (as you seemed to imply in post 7) than preferring a heavily micromanaged approach.
The fact is that it did create a 401k. It's involved, and the question that opens this thread appears oblivious to that. If government weren't involved with 401k plans, we wouldn't have 401k plans.

If honestchieffan wants a more accurate thread title, as I think he should, he could consider something like, "Do you want the government to prevent fraud with your 401k plan?"
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Old 02-04-2013, 11:15 AM   #41
patteeu patteeu is offline
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Originally Posted by La literatura View Post
The fact is that it did create a 401k. It's involved, and the question that opens this thread appears oblivious to that. If government weren't involved with 401k plans, we wouldn't have 401k plans.

If honestchieffan wants a more accurate thread title, as I think he should, he could consider something like, "Do you want the government to prevent fraud with your 401k plan?"
You can't possibly believe that HCF is unaware of the fact that 401Ks were created by the government.
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Old 02-04-2013, 11:20 AM   #42
La literatura La literatura is offline
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You can't possibly believe that HCF is unaware of the fact that 401Ks were created by the government.
I think he's pretty stupid.
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Old 02-04-2013, 11:28 AM   #43
patteeu patteeu is offline
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I think he's pretty stupid.
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Old 02-04-2013, 11:28 AM   #44
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You can't possibly believe that HCF is unaware of the fact that 401Ks were created by the government.
I really wouldn't be surprised.
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Old 02-04-2013, 12:14 PM   #45
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I really wouldn't be surprised.
Come on. Does he really get under your skin that bad?
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