Discover and read the best of Twitter Threads about #401K
Most recents (5)
Today's Twitter threads (a Twitter thread).
Inside: Biden set to appoint mass foreclosure cheerleader to the Fed; and more!
Archived at: pluralistic.net/2023/03/06/per…
#Pluralistic 1/
Inside: Biden set to appoint mass foreclosure cheerleader to the Fed; and more!
Archived at: pluralistic.net/2023/03/06/per…
#Pluralistic 1/
Tomorrow (3/7) I'm doing a remote talk for #TUWien:
informatics.tuwien.ac.at/news/2373
On 3/9, I'm in person in #Austin at @utsdct:
eventbrite.com/e/the-buckman-…
And remote at #UManitoba:
eventscalendar.umanitoba.ca/site/science/e…
On 3/10, @Rgibli and I kick off @SXSW's readings:
schedule.sxsw.com/2023/events/PP… 2/
informatics.tuwien.ac.at/news/2373
On 3/9, I'm in person in #Austin at @utsdct:
eventbrite.com/e/the-buckman-…
And remote at #UManitoba:
eventscalendar.umanitoba.ca/site/science/e…
On 3/10, @Rgibli and I kick off @SXSW's readings:
schedule.sxsw.com/2023/events/PP… 2/
Biden set to appoint mass foreclosure cheerleader to the Fed: Janice Eberly provided cover for Tim Geithner's policy of No Banker Left Behind.
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Since there have been a lot of 401(K) propaganda floating around the internet of late. I decided to create a thread 🧵 with the benefits
1. Tax-Deferred Earnings:
When you contribute a percentage of your pay to a 401(k) plan, you immediately start paying less to Uncle Sam. That's because your contribution comes out of your paycheck before income taxes are deducted. That means your taxable income is less.
When you contribute a percentage of your pay to a 401(k) plan, you immediately start paying less to Uncle Sam. That's because your contribution comes out of your paycheck before income taxes are deducted. That means your taxable income is less.
2. Matching Contributions:
Many employers will match a portion of your savings. It's like passing up free money if you don't participate.
Many employers will match a portion of your savings. It's like passing up free money if you don't participate.
Thread: it is , anyway, only a costly loan son of #QE, and unintended consequences abound. Here are some, in no particular order: (/)
@Halsrethink @amlivemon @nglinsman @chigrl @DavidBCollum @DiMartinoBooth
@Halsrethink @amlivemon @nglinsman @chigrl @DavidBCollum @DiMartinoBooth
1. of course, there are not enough super rich to go around so this would trickle down to middle income / middle wealth families. Moreover, will pension plans be excluded? #401K, #IRAs? (/)
2. but let's assume there are: what will be the evaluation price? taxing EARNED financial income means that demand has balanced the supply generating that income. In this case, since no stake gets sold, that won't happen.(/)
"Der Staat sollte den Bürgern helfen, ihr Geld besser anzulegen."
Der Unterschied, warum das Durchschnittsvermögen in #Italien, #Griechenland & Co höher ist als das in Deutschland, ist die Eigentumsquote bei Wohnimmobilien, nicht Aktien... /MS
sueddeutsche.de/meinung/inflat…
Der Unterschied, warum das Durchschnittsvermögen in #Italien, #Griechenland & Co höher ist als das in Deutschland, ist die Eigentumsquote bei Wohnimmobilien, nicht Aktien... /MS
sueddeutsche.de/meinung/inflat…
Nicht falsch verstehen, sowas wie eine Kopie des #401k-Modells wäre in Deutschland nicht verkehrt um den Wohlstandsaufbau und -übertrag in der Mittelschicht zu fördern.
Der Einstieg in Immobilien ist in Großstädten aber schlicht *unmöglich* wegen der Eigenkapitalanforderung. /MS
Der Einstieg in Immobilien ist in Großstädten aber schlicht *unmöglich* wegen der Eigenkapitalanforderung. /MS
Und den unteren Klassen nützt sowieso nix davon etwas, weil Hartz IV und vor allem das Pflegesystem jede Möglichkeit des über-generationellen Vermögensaufbaus im Ansatz vernichten. /MS
Police claim “unlawful assembly” after killing 20 year old young black man, with his mom on the phone and his girlfriend beside him as they drove to visit his older brother and see his new home. Here is the PDF from the @aclu_mn re: protests. #BlackLivesMatter
Minneapolis police knew, or should have known, the killing of a young black man stopped in his vehicle, will result in protests. The police should have been prepared for protests and de-escalated it. Journalists have been reporting that police officers are quitting the “force”
because of fear of danger after the George Floyd trial outcome. Therefore, they knew of the repercussions of killing, wrongfully, a young black man. #EnoughIsEnough #StopSystemicRacism
