Americans Are Putting Billions More Than Usual in Their 401(k)s

Post by kmicklas » Thu, Jan 05, 2017, 9:07 PM UTC

legodt wrote: post #228

thesimpsons1022 wrote: post #157

Earlier quoted context omitted.

The US has always been built on the plunder of its nonwhite inhabitants. One can wax poetic about the free market or educated work force but that is the truth. The roman republic didn't fall because of issues with resource extraction or plunder. It fell when a powerful enough demagogue named Ceasar took power and undermined it on a wave of populism. A Nero like dictator (trump) is all we really need to crash and burn…

You must be new to hackernews, not abiding by racism is a big no go by this community.

Post by gragas » Thu, Jan 05, 2017, 9:10 PM UTC

saryant wrote: post #154

thesimpsons1022 wrote: post #141

obviously alabama and wisconsin need their votes to count much more than california or new york. rednecks deserve their voice to be heard 10x more than well educated tolerant people on the coasts.

I grew up in California. Bay Area. There's plenty of intolerance there too. Anyone who thinks it's a utopia is deluding themselves.

Post by jedbrown » Thu, Jan 05, 2017, 9:10 PM UTC

thesimpsons1022 wrote: post #146

pwthornton wrote: post #28

Earlier quoted context omitted.

You buy shares in the stock market, not dollars, so a crash shouldn't hamper your ability to retire, unless you want to retire during the crash itself (although diversity of assets would help with this). The stock market recovered years ago from the Great Depression and is doing really well again.

it took 30 years for people's stocks to recover that bought them right before the great depression.

Post by ryandrake » Thu, Jan 05, 2017, 9:12 PM UTC

djrogers wrote: post #336

uiri wrote: post #322

Earlier quoted context omitted.

Adjusted gross income includes things like bonus and RSUs vested during the tax year, no? If that is the case then anyone starting straight out of college at a large tech company (Google, Facebook, Apple, etc.) will likely be above the phase out limits. EDIT: Specify vested RSUs per reply below.

> Adjusted gross income includes things like bonus and RSUs, no? It doesn't include RSUs while they're only in paper - they get counted when you actually sell the stock and can spend the money.

Post by kmicklas » Thu, Jan 05, 2017, 9:14 PM UTC

RobertoG wrote: post #134

athenot wrote: post #115

Earlier quoted context omitted.

It could be a problem if, using your example, society is 3 times richer but that comes from 10% being a lot richer and 90% being somewhat poorer. Inequality, it seems, is rising over time.

I suppose that what surprise me is the contradiction between the optimism about the future of HN crowd and their pessimism in this issue, as if nothing could be done (in the case that you think something should be done, of course). The inequality thing is far from unavoidable. In a democracy, at least, a society perceived as more fair for the majority should be attainable.