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Reply to "Should 401ks be phased out? "
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[quote=Anonymous][quote=Anonymous]NYC top tax rate is 14.7 perfect. A dual income NYC couple is putting 60k into 401k. NYC losing out on $8,800 a year on taxes. But wait all those dividends and bond interest in 401k NYC should also be taxing. Then that rich couple moves to Florida prior to RMDs and completely avoids any NYC tax That same couple, their nanny, maid etc they would laugh in their face if they asked for a 401k. [/quote] Boo hoo. Life ain't fair.. Yes, let's all enact more govt confiscation of individuals' wealth. We can all be equal once we are all equally sh!tty living our garbage lives in the toilet. Guess what, you know what's great about not living in North Korea? The nanny in your story has the power to choose to no longer do herine of work or work for her family if she hates it so much. Isn't at will employment wonderful? If you feel like you're underpaid, then go out and find someone who'll pay you want you think you're worth. Or start your own business to pay yourself. So much entitlement mentality these days. America is now breeding losers at a much faster rate than creators and innovators. All of the locusts will try to devour your slice of the pie they feel entitled to because they were too lazy to get skills, an education, and chose not to save. This country is doomed and Americans are now losers. [/quote]
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