@The-only-Mr-T saidHistory is rife with tales of some officer at a company absconding with the pension funds and screwing people out of their money. And no, this country is SO pro-business that there are laws against it (embezzlement) but there is oftentimes no remedy for those who get screwed. Most pensions that give you an annuity (either for life or a set number of years), you have to be in a certain number of years with payments to the fund to get anything (if you leave the company before that, you just lose what you did put in). If they don't have a pension system, then they usually have a 401(k) that you can save money in, sometimes with matching contributions and the option of letting them invest that in stocks. If you have a 401(k), usually you can take whatever you put into it with you whenever you leave. That's the system I have at the Post Office, their preferred method used to be the pension system, but they changed it around 1985 or so, long before I got there. The Civil Service system that they used to have for pensions maxxed out at 80% of your base pay after 42 years in, and you had to put into it for like 15 years before you got anything.
Wait, how does your pension system work? That shouldn't be possible. I can't talk for all of Europe but certainly in most of western Europe there's a government pension that you quality for by working in the country (or claiming benefits) but it's not so much. In the UK I think it's around $1000 per month at the moment for the maximum but it depends on how many years yo ...[text shortened]... r the government it's a bit different but you still don't lose the pension just for leaving the job.
No doubt every country has their own rules. The US is not very pensioner friendly in that way. They have made strides recently by going with the 401(k) system with matching funds and ANYthing you put into it is yours when you leave the company.
Pensions CAN be (or maybe USED to be) a lot of money, especially for government employees. But you still get nothing if you don't follow the rules for 'time in' or age requirements.
@wildgrass saidWell, SOME have.
Isn't it weird that we've accepted that trump tanked a good economy on purpose and there's nothing we can do about it?
The rest of us are pissed.
@AverageJoe1 saidAre you kidding?
Trump does not lie all the time . Get Marauder to send a link proving that one.
Or, you send one. He sure hasn't lied about tariffs.
His lie is that tariffs are good for us.
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@AverageJoe1 saidThis is what civilized discourse looks like. I will thumb it up myself Joe.
Very thoughgtful and undoubtedly researched, you rival Marauder.
I guess I will take his and all other president's statements with grains of salt, they maybe say thingsto advance their agendas/??? Could that be it? Coud be,, but I am so satisfied with all of his agendas that I give a lot of rein when he is selling himself any way he can to get them all passed. Soui ...[text shortened]... even bought dollar tree, it is up 8% today. Or you can do the Sonhouse Tango with Trump. Too busy!
Yes it tricky. Do we parse every statement? I like and liked President Obama very much. He was no saint either and had his share of forming truths to meet the moment and expectations. It is part of politics.
Yes I am buying. When everything goes on sale - that is the time to shop :-)
@wildgrass saidTariffs are a tax (foreign). A tax tax, ( domestic). Just heard that on econ channel.
Hear this one yet?
According to trump, tariffs are a tax cut.
That's like saying eating food makes you hungry.
@AverageJoe1 saidNah. You aren't allowed to make stuff up.
Tariffs are a tax (foreign). A tax tax, ( domestic). Just heard that on econ channel.
Heard this? If you were a republican because you support conservative principles then there's no possible rational explanation for supporting trump.
@wildgrass saidThat, Trump is not conservative, nor a conservative?
Nah. You aren't allowed to make stuff up.
Heard this? If you were a republican because you support conservative principles then there's no possible rational explanation for supporting trump.
@AverageJoe1 saidTrump raises taxes on Americans by a lot and downplays the significance of massive economic downturns. This does not seem very conservative to me.
That, Trump is not conservative, nor a conservative?
@wildgrass saidYou might want to start a thread on that one. But if it is full of numbers, I probably would just be an observer. The big picture is good enough for me. You should watch Kudlow at 4 o’clock.
Trump raises taxes on Americans by a lot and downplays the significance of massive economic downturns. This does not seem very conservative to me.
Meanwhile Trump is using tariffs to wreck the world economy and when the markets can crash no further he and his hand picked team of billionaires will be picking up stock at bargain basement prices and we will witness a massive transfer of wealth that will make the gfc look like a school picnic.
You didn't think Trump was destroying the global free trade market system for your benefit did you?
@AverageJoe1 saidPresidents are not allowed to make new taxes.
Tariffs are a tax (foreign). A tax tax, ( domestic). Just heard that on econ channel.