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  1. #1
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    Hillary's 401K Proposal

    Hillary proposes 401Ks

    The government would provide a "matching refundable tax credit dollar for dollar for the first $1,000 of savings

    Married couples must earn less than $60,000 to be eligible for the $1,000 match

    Families with incomes of up to $100,000 would receive a smaller tax break

    Higher income families (more than $100,000 annual income) get nothing

    The program has an estimated cost of $20 to $25 billion annually

    Program would be available to working age adults

    Changes in the estate tax would used to help pay for the cuts

    Link: The Associated Press: Clinton Urges 401(k)s, Matching Funds



  2. #2
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    Re: Hillary's 401K Proposal

    Between this and the money for babies program, how does she expect to fund this?



    What ever happened to truth, justice and the American Way?

  3. #3
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    Re: Hillary's 401K Proposal

    Who is going to pay for this and who is it going to help?

    Nearly everyone that I know or listen to (in my current job I hear a lot 401K talk) that is struggling to make ends meet either doesn't participate in a 401K or has a loan against the little that they have.

    I think this says a lot. If your family makes over 60K then you're rich according to Clinton. If she wins there are going to be a lot of people taking it up the ###. Her husband didn't pull this crap.



  4. #4
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    Re: Hillary's 401K Proposal

    Why can't we say that if you DO have a low paying job than you are responsible for living a lifestyle that befits that income level. If you make $20K/year, then maybe home ownership is not in reach. Or a new car, or bigscreen TV, or cigarettes.... Broadbrush statement I know, but our poor live better than the majority of the worlds rich.



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    Re: Hillary's 401K Proposal

    Quote Originally Posted by SpokaneCY View Post
    Why can't we say that if you DO have a low paying job than you are responsible for living a lifestyle that befits that income level. If you make $20K/year, then maybe home ownership is not in reach. Or a new car, or bigscreen TV, or cigarettes.... Broadbrush statement I know, but our poor live better than the majority of the worlds rich.

    Stop making sense or we will have to kick you out of the US!



  6. #6
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    Re: Hillary's 401K Proposal

    Gee, if we could just tax everyone all to hell that makes decent money, we could give that money to everyone else, and we would all have the same amount of money. But of course then we would have to give even more money to the losers of our society, as they would squander their share again. Maybe we could just take all the rich people's money and make them trade it with the poor people, because then the rich people could then work to get it back. There you go!



  7. #7
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    Re: Hillary's 401K Proposal

    funny thing is... i know of ppl that are loaded through their business and only 'make' $25K in salary .... they would qualify for this and they "shouldn't"

    It is wrong... and she knows it.. problem is she doesn't care.

    -keep.

    edit: found this: HERE.


    Last edited by keepngoal; 10-09-2007 at 10:03 PM.
    The first and best victory is to conquer self; to be conquered by self is of all things most shameful and vile. - Plato

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  8. #8
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    Re: Hillary's 401K Proposal

    They already cap us at a ridiculously low level for 401k, and now they are making more benefits that only help the lower incomes? Glad to see the class card played again.


    They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety. - Benjamin Franklin 1775

  9. #9
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    Re: Hillary's 401K Proposal

    So if they do this, can we opt out of Social Security? Cause if that is the case, I am all for it.


    They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety. - Benjamin Franklin 1775

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    Re: Hillary's 401K Proposal

    Another topic, why can we not put up to 100% of our salary in a 401k? Why are we capped at 15%. That is not enough to retire on.


    They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety. - Benjamin Franklin 1775

  11. #11
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    Re: Hillary's 401K Proposal

    brianhos: are you spamming for post count to catch ISUFan22??

    -keep.


    The first and best victory is to conquer self; to be conquered by self is of all things most shameful and vile. - Plato

    May you only need 39 acres to turn your rig around. - keep

  12. #12
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    Re: Hillary's 401K Proposal

    Wow, this idea stinks all to hell. Honestly, I can't think of a good way to fund this. Here's a novel idea, instead of gov't retirement funds, why don't we make people accountable for their savings?


    "Seven minutes to glory."

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    Re: Hillary's 401K Proposal

    Quote Originally Posted by brianhos View Post
    Another topic, why can we not put up to 100% of our salary in a 401k? Why are we capped at 15%. That is not enough to retire on.
    One word: Taxes!



  14. #14
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    Re: Hillary's 401K Proposal

    Quote Originally Posted by Cyclonepride View Post
    Gee, if we could just tax everyone all to hell that makes decent money, we could give that money to everyone else, and we would all have the same amount of money. But of course then we would have to give even more money to the losers of our society, as they would squander their share again. Maybe we could just take all the rich people's money and make them trade it with the poor people, because then the rich people could then work to get it back. There you go!
    Redistribution of wealth...what's that sound like???

    Quote Originally Posted by Cyclone62 View Post
    Wow, this idea stinks all to hell. Honestly, I can't think of a good way to fund this. Here's a novel idea, instead of gov't retirement funds, why don't we make people accountable for their savings?
    Because the government knows what is best for us.

    This may be one of the worst ideas in a long time IMO.



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    Re: Hillary's 401K Proposal

    Quote Originally Posted by keepngoal View Post
    brianhos: are you spamming for post count to catch ISUFan22??

    -keep.
    Multiple thoughts, all the different voices in my head want to each speak for themselves. And NO ONE is ever gonna catch 22. I tried really hard to be totally addicted to CF for a week, I still lost ground on 22.


    They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety. - Benjamin Franklin 1775

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