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beemerrr

I could not find another flight out of San Antonio, which I’m supposed to leave Saturday. If you can’t leave at any price, fees don’t matter.

401(k)s have been an unmitigated disaster over the last 30 years, and have served to create the retirement crisis that we’ll see for this coming generation of retirees, as well as allowing employers to divert a larger share of profits to themselves by cutting employee compensation.

Which is why it makes zero sense to agree to cuts NOW to prevent a problem twenty-two years from now, instead of lifting the cap on Social Security wage taxes (which now only are applied to the first $118,500 that people make, and isn’t applied at all to non-wage income) and eliminating this “crisis” once and for all.