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View Diary: Private enterprise shackled by Obamunism, aka Dow hits 15,000 for first time (153 comments)

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  •  The issue is not that "most" Americans have (1+ / 0-)
    Recommended by:
    Hirodog

    income.

    The issue is that not enough Americans have enough income to stimulate demand, which creates jobs.

    Your comments about "sweet spots" may be true for individuals, but from a macroeconomic level austerity is screwing everyone.

    The most violent element in society is ignorance.

    by Mr MadAsHell on Fri May 03, 2013 at 09:09:41 AM PDT

    [ Parent ]

    •  you're talking broad economic issues (0+ / 0-)

      which isn't the topic at hand.  

      i was talking about the average joe being able to save for his retirement.

      he can do that and essentially keep his take home pay the same.   people keep spouting bullshit like social security won't be there for you and 401k accounts are bullshit.

      that's bad for all of us.  people need to know that saving for retirement is a must and possible. here's how.

      not it's all bullshit yadda yadda.

      -You want to change the system, run for office.

      by Deep Texan on Fri May 03, 2013 at 09:13:41 AM PDT

      [ Parent ]

      •  so do tell. how does a part-time McD's worker (0+ / 0-)

        at minimum wage, save for retirement.

        Spell it out for us.

        (snicker)

        •  5 dollars every paycheck (0+ / 0-)

          until you can put in more.

          you could get your tax form out and figure out based on last years brackets, if you have a sweet spot that would essentially mean your take home pay was the same.

          $250 a year is better than nothing and depending on your deductions, your paycheck might be basically the same.

          -You want to change the system, run for office.

          by Deep Texan on Fri May 03, 2013 at 10:29:39 AM PDT

          [ Parent ]

          •  I have a better idea (1+ / 0-)
            Recommended by:
            VA Breeze

            How about we not cut Social Security, so people can live after they retire.

            Your Horatio Alger mythology is amusing.

            •  social security wasn't meant to be your retirement (0+ / 0-)

              it was always meant to keep you from starving.

              when it was first enacted it started basically at the age people were currently dying and excluded black people.

              we should do better, but that's not on the table with republicans holding everything hostage.

              there are tons of better ideas..  hardly any of them can get passed.  getting something passed is better than having nothing.  which means compromise.  it's why legislation is almost always a shit sandwich.  this is how it is.  we have to deal with the reality we have.

              -You want to change the system, run for office.

              by Deep Texan on Fri May 03, 2013 at 10:36:51 AM PDT

              [ Parent ]

          •  At no point down here does a (0+ / 0-)

            $5 paycheck deduction = a $5 reduction in taxes owed. That's impossible in a marginal tax rate structure.
            $250 a year might be better than nothing, but at the end of one's life after 40 years of labor, it still adds up to "not enough to live on beyond another year" @ $20K--even if one's investment doubles! Yay sacrifice!

            "Lone catch of the moon, the roots of the sigh of an idea there will be the outcome may be why?"--from a spam diary entitled "The Vast World."

            by bryduck on Sat May 04, 2013 at 09:47:46 AM PDT

            [ Parent ]

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