Some readers, who are old enough to remember defined pension plans weren't just for unionized workers, may still think they are better off with IRAs and 401Ks, originally sold as tax-free until you retire. Advice from employers promised the new plan was better than a pension. You could put away as much as the equivalent … Continue reading Tax Time: that 401K / IRA may end up costing you more than just investing for Capital Gains
Now I know there are some Republicans who would be just fine with allowing these programs to wither and die on the vine. The way they see it, Social Security and Medicare are wasteful "entitlement programs." But people who think this way need to rethink their position. It's not unreasonable for people who paid into … Continue reading Trump may lose election by not explaining his complete plan for “reforming” Social Security
Republican and Democrat politicians, plus the Media brain trust, are missing the catastrophe coming from the $600-a-week Covid-19 unemployment compensation supplemental benefit for all 50 states. In the ivory tower of statistic worship and technocratic analysis, the supplement makes sense. When millions lose jobs, unemployment insurance only covers about $400 average per week. With overtime, … Continue reading Why work, when millions can earn much more staying home, collecting $600 plus average $400 state unemployment check
Retired NYC sanitation worker makes $285K a year from pension That New York Post headline made many folks angry. Do garbage collectors get pensions worth more than they deserve? Are evil unions behind this? Or dopey Dems? Or a PC still running only DOS? To illustrate their point, the newspaper published a photo, sort of … Continue reading N Y Post can’t stand fact that worker earned a big pension while pub’s boss is worth $15,700,000,000
http://www.youtube.com/watch?v=3SKXQeD_nOs Time after time, Mr. Donald Trump promised no cuts to Medicare and Social Security, but the current leader of the nation and Republican Party now seems to have a change of heart - to put it very kindly - or he has just wandered even deeper into the swamp. It could be the President … Continue reading GOP House passes plan to raise Medicare eligibility age to 67, then turn it over to insurance companies
Social Security is not in "trouble", except that it has vast wealth in reserves, and politicians want to steal this treasure trove (designed only to insure future Social Security benefits), and use it for something else. That something would probably be tax cuts for the rich by the GOP, or more redistribution downward from the … Continue reading Will politicians steal Social Security’s $2.7 trillion?
Rep. Kevin Brady (R-TX), House Ways and Means Committee Chairman, pontificated about plans to cut Social Security on Thursday, last week, at the Urban-Brookings Institution Tax Policy Center, Washington, DC. Brady wants to cut Social Security by not only raising the retirement age to 70, but also imposing means testing to cut benefits. He advocated … Continue reading Chinese women retire 17 years earlier than us, but moronic scolds want to hike pension age even higher
British Health Secretary Jeremy Hunt thinks the British don't work hard enough because they have too generous tax credits - a benefit similar to the U.S. Earned Income Tax Credit (EITC). Hunt seemed like a money-grubbing rich person when he explained: “My wife is Chinese. We want this to be one of the most successful … Continue reading Tax credit cuts will make Britains work much harder – like Chinese or Americans – British Health Secretary tells the poor