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401K's are already an artificial siphoning of worker capital into the rich people's stock market game. This is just par for the course.
Yeah and in Holland they've just killed the old reasonable pension system and replaced it with a similar 401(K) type thing 😢
This has been the case in much of the US for over a decade now. Pensions are essentially a thing of the past here (unless you have a very strong union, inshallah)
Why does Europe keep americanizing?
401k, tipping schemes, and I swear these aren't the only things I've heard.
Stop trying to be like the US! The US is not better! That should be obvious at this point.
Yes the problem is that many other things are also blowing over. Like all the anti-trans and anti-migrant rhetoric. This is driving the rise of extreme-right politics.
It is so easy to use trans as a scapegoat, because it is so few of them and majority of people don't know any, so they are more willing to accept made up facts.
The small number of them also means they don't have any political pressure.
Gays for example are estimated to be almost 20% of the population, so consequences of attacking them can be significant.
Yes it bothers me a lot about the trans hate in particular because I am closely associated with the LGBT community and it hurts me seeing this happen to my friends. Some of my ex-friends in Holland are now rabid about all the usual tropes, like athletes, toilets etc. All things that aren't actually true (HRT actually diminishes muscle power a lot and there are almost no trans athletes let alone successful ones, and people don't go through a whole transition so they can walk into the women's restroom, that whole premise is completely ridiculous). I've tried to educate them but the propaganda is constantly flowing in on social media.
Sometimes I wonder if these guys like being angry. Because they seem to be looking for stuff to be angry about all the time.
Sometimes I wonder if these guys like being angry. Because they seem to be looking for stuff to be angry about all the time.
They won't have to look for it, they're being manipulated by social media algorithms.
Doesn't excuse their hate, but it makes more sense when you think of them like old men with dementia who can't keep their racism to themselves because they think this is still 1950...
Really? Do you have a link on that, I missed it, just found out reuters has let me back in without a paywall or I would maybe know already
I doubt it would be in the world news. But they basically made it into a system where everyone has like a private investment package as a pension.
The government has a lot of info on it but it's all in Dutch.
The problem is the ruling parties of the last 30 years are very neoliberal and they adore America. So it's been nothing but cut social welfare, privatisation and now this.
Are you Dutch? Do you have an idea what the sentiment over there is? The US is a lost cause at this point, but I was hoping other places would learn from our idiocy.
Yes I am but luckily I don't live there anymore. The country has been very neoliberal, idealising America for the last 30 years, led by the VVD party. Lately the extreme-right fascists have had a much larger influence (PVV party and also FVD and JA21). They still do. In 2023 they gained more than 30% of votes. The resulting coalition screwed up very badly by constantly screwing each other over for political gain, so the government collapsed after only a year. The one that came after is the same old shit again.
I don’t give a shit if it’s straight up free money, I won’t ever enroll in a “Trump account”. I’ll just die at 67 instead.
It's okay. They'll probably steal whatever you put in it anyway. Imagine if the Trumps make a big stock move and then had everyone's "Trump account" cover the bet at a tidy profit.
Trump has tainted this entire country with this stank. The businesses paying him off. The people licking his crack. The politicians giving him cover. Fuck all of them. Forever.
When I did my taxes this year it asked if I wanted to open a Trump Account for my kid, so that it would receive any future deposits the government gave out.
It was so disturbing and disgusting to see something that gross in writing in a real-world context.
No fucking thanks.
Could you imagine if Obama made them actually call it Obamacare. There would have been riots.
Absolutely.
It's almost funny, like they are going through a checklist to retcon everything they ever said about their opponents to be projection.
Of course, a lot of it was genuine projection because that's how they think.
Plus obviously it's not funny to watch a cult of personality take hold so easily and wreck so much for so many.
There's a cult growing in wallstreetbets.
Lmfao.
I'd rather invest it in a fucking NFT or better yet a bank in North Korea.
How many casinos did this dude bankrupt? Jesus man some people are fucking stupid
Literally stealing tax dollars and using the presidency to make money with his entire family tied into it.
Absolute scum
United Corporations of America. Much wealth, Vast poverty.
They see the state of society in Robocop as the end goal rarher than a warning.
said the quiet part out loud, eh?
Haven’t they always wanted this? “Trump accounts” is just branding for what they’ve been calling for for decades.
He was never one to hold his tongue.
Social security is a bad investment for an individual, but most people are terrible investors if they invest into their future at all. So by giving everyone that baseline, it helps out everyone else, including the rich. And is therefore a fantastic investment for everyone.
Social security is not an investment at all. It's young people giving money to old people.
For a while, the country didn't have very many old people, so some of the young-people tax went into the general budget (through purchase of US Treasury bills). Now there's too many old people, and you can bet that the general budget won't be giving them anything.
You misclassify it. The government took the surplus with the promise to pay it back, and now is refusing to do so. They are trying to Default on America.
It's more like insurance. Some people won't need it much, others will. It can be beneficial to those.
But the real thing you are 'buying' is peace of mind. That is part of the value of it.
You're also supposed to value the fact that you are contributing to the overall health and prosperity of your fellow Americans.
Lol imagine that.
Well yeah, a stronger society for everyone is better for society as a whole.
In America people view life as a competition, trying to get ahead of the rest. With that mindset it makes sense to not want any programs to help others.
I and many of us in Europe believe more in a stronger society as a whole benefiting everyone. Those who have a good job are lucky. By helping those who don't have work, can't work or are sick we make society a better place for everyone to live in. It's not a surprise we have much less violent crime, more volunteering etc.
In five years you and I are fighting for the last scrap of rat liver, Ted.
No need to fight Cruz for the last scrap of rat liver. You've got a whole pig right there.
"if" is the single dirtiest word in investment contracts
Lift the cap on FICA contributions and appropriate money from the billionaires in any way possible. Hopefully something egregious that will be remembered for decades, something their children and their grandchildren will take as a warning.
something their children and their grandchildren will take as a warning.
A warning? Like this?
I was thinking more like strip 75% of their net worth from them but perhaps I’m not as imaginative as you
Sometimes the best way to treat a cancerous tumor is to cut it out with a blade.
You can also poison it or shoot it.
Chemo and shooting it with radiation.
Maybe they should do something like a milestone payment. So you're able to put money away like social security but you can access it every 10 years. So if I put money away from 20 to 30 I can access that money at 30 and then I can put money away from 30 to 40 and then I can access that money at 40. The whole idea of working your entire life to if you're lucky get social security at 65 is kind of ridiculous to me because you're more prone to drop dead during the 65 to 75 decade. So what a waste that is. If I could get myself 5,000 extra dollars when I hit 30 from the savings that I accrued from the decade prior that would be something.
It’s literally a slush fund Ponzi scheme only a moron would enroll in a Trump account
Wasn't Ted the only senator who gave his support to Trump's attempted overturning of the 2020 election? Did he not waddle his fat ass into the House with that loser Boebert and give his support because they needed it? Why were NONE of these traitors arrested and charged? Wtf?!?
That's gonna be crazy when you guys dump the economy off a cliff at the end of 2027.
At current speed, it will happen way before that. Paper oil is being subsidized, there is like a $40 difference between delivery and future prices. Even if more oil is released from SPR, it isn't being used as fast as refined product demand. Thisisfine.jpg
Cool, I knew my money was already going into a hole. Can I just opt out of social security at this point and invest that money into something more respectable? The answer is probably not.
