Government steals the majority of people’s earnings, then frets that people aren’t saving money for retirement.
Disrupting the Borg is expensive and time consuming!
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They will fret people aren’t saving enough for retirement and then steal their 401Ks.
I am sure they wasted a few billion researching that.
I’ve read that historically, when the authorities steal 50% of the proletariat’s income, the proles become a mob and rebel. So what’s different this time?
Government worried that there is no more SS money to steal
They steal much of the money. They promote policies that lead to 0.5% interest on savings and that cause stocks, bonds, and real estate to all cycle TOGETHER thus voiding many benefits of diversification. They tell the average person that their needs will be covered by S.S., Medicare, Medicaid, Obamacare, etc. Then they wonder why people don’t save.
“TERESA GHILARDUCCI: Yeah. Well, what we would do is mandate that everyone add another five percent of savings on top of Social Security. That money would go into a government fund. It would be run much like the pension fund for federal employees are run now. This huge sovereign wealth fund would be dedicated to all Americans’ supplement to Social Security, and it would be invested in a broad portfolio of assets: government bonds, municipal bonds, infrastructure bonds, private equities, private stocks, emerging markets. But it would be professionally managed, again, much like my pension fund is and much like the federal employees’. ”
http://www.democracynow.org/2009/1/9/as_obama_issues_dire_warning_on
No need to fret…
People that save have their bank accounts confiscated. Ask the Cypriots