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Carole W | How do you feel about Obama taking your 401K away from you and letting the Government manage it? |
Also if he taxes the rich who gives us jobs, and oil companiies do you think more jobs will go overseas and unemployment may hit a new lhigh.
We will be paying at the pump for taxing Oil Companies ,and Taxing Corperations for a good performance means in order to stay competive they will have to out source jobs so how will that improve the economy when we have no money left from the 700 bilion dollar bailout? |
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Gem
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He isn't going to take our 401ks, he has said he will encourage people to screw themselves by cashing them out. That means those of us smart enough to buy low, should be fine.
Of course taxing our bosses, or increasing ridiculous regulation, or continuing to use our food for fuel is going to shoot prices sky high and send unemployment up too. Unemployment is already dramatically out of sync with reality.
Why worry about the $700 billion bailout. Truth is Congress also gave $300 billion (in July) to keep deadbeats in houses they can't afford (so the foreclosure has just been postponed, not stopped), the stimulus package (and the idiots are looking at more) and everything else.
We (America) are already living on our enemies good will (debt) and the gravy train will stop as soon as our politicians quit shipping our jobs overseas.
Either way, it doesn't matter, our jobs will continue to leave and millions of foreigners are being brought in (legally) to drive down our wages even further.
Both sides have screwed us and both sides are going to continue. When the Bush tax cuts expire, all our taxes are going up and in the meantime inflation of the things we have to have, like food & medicine, is only going to increase.
It is obvious, to me at least, that there is no fixing the inherent corruption in Washington. All we can do is try to get by.
Save money, pay off debt, quit going in debt to buy foreign products, quit shopping at places that only increase other countries wealth while cutting our throats (Best Buy, Wal Mart), buying American food as often as we can.
Not much else we can do. Hang on folks, it is going to be a bumpy ride. |
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wisegirl74
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I seriously doubt that the government can take our 401K this is private they already have the SS to manage and have not done very well at this. About the other issue, you have to realize it is not only Obama if he gets elected that will govern, there is a senate and a house of representatives that are the ones who has allowed the war to happen and the economy to get to where it is because they want to enrich the rich more and screw the little people. |
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corgi1922
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I don't know where your sources are but Obama never said he was going to take away our 401k's. He can't do it. This is the scary part about us Americans. We hear something and then run with what we think it means rather than what it actually does. Do your research first before spreading lies.
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golferwhoworks
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you hit it in the head, didn't you |
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Jay S
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Politically charged questions don't really belong here in my opinion. There's probably a section for that, though I wouldn't dare go in it. |
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Micki
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Your question reminds me of the story about the sky falling down
You definitely need to make sure your facts are straight AND that you understand them. |
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Tigger
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No one can take away my 401K No One! |
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Mike C
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I am converting my 401k to all gold, I may not get the tax break but I be damned if i will allow that socialist bastard get one slim dime of my money!!! |
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Kenneth
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You have lots of good points. So, one thing is for sure. That you'll have to begin to learn to supplement your income, and stop putting your faith in only the government and big business. Start your own business. Solve problems for people who need help in areas that you are knowledgeable about. Then as you (we) face all these other problems you can feel better about your situation, and be in a position to help others.
Kenney |
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seizuregod69
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All I have to mention is this:
1984
by George Orwell
Thank you very much. |
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digdowndeepnseattle
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obama doesn't want to privatize retirement or 401k's...it's McCain that wants to do that.
As for taxing the rich...last I heard no one turned down an extra dollar simply because they had to pay an extra 7 cents of tax on it. And if they do, there will be someone else who will step in who will gladly pay the tax to get the other 60 cents!!! Same with Capital Gains taxes going back up. Sure it will stifle things early on but when it comes down to it, people want to make more money. The wealthy try to minimize their taxes but they certainly aren't going to pass on the opportunity to make more to avoid paying more.
Do some more research into why oil prices are so high....hint - it's not that we are using more, or that they are producing less. And it has NOTHING to do with supply and demand. It's all a commodity that people can manipulate no different than Enron did with California. Create a little disturbance by taking down a refinery or two, then throw in false hysteria about hurricanes or other natural or political upheavel and then for added measure talk about China and India growing usage of oil....then add in a whole lot of money in the us equities market looking for profit and you have an oil bubble and outrageous profits....
One other thing you failed to mention is that Obama plans on reducing tax credits and other incentives for companies that have, are, or plan on outsourcing jobs. McCain? he's ok with outsourcing... |
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Greg S
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Capital gains taxes do not include 401K's and there is no basis for you argument of Obama making a government managed retirement plan, these are baseless arguments.
I also recommend that you do a little study in economics to see why a strong middle class is necessary for a stable economy, this encourages growth of small business which help the cycle of wealth flow that promotes healthy capitalism.
Also you are making the assumption that businessmen don't already outsource, why do you support people that send jobs away anyway.
Fundamentally your argument is flawed because it assumes if business men that pay less taxes, will do what's right for society.
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bud68
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Very vague statements with no supporting references. Where, in particular, did you get that "take your 401k away" thing? |
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