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Not even trying to be confrontational here, and I appreciate the conversation. My 65 year old father maxed out his 401k for 35 years working his ass off. He's
by rank0 4y ago
Not even trying to be confrontational here, and I appreciate the conversation.
My 65 year old father maxed out his 401k for 35 years working his ass off. He's also set to receive a government pension from ~15 years working in the public sector. When he retires in a few years, would you lump him into this elite ruling class of "capital owner"?
He will be indeed living off capital gains without a salary. He will certainly not be homeless and even lives in a nice home. I truly cannot understand how someone in that position is supposed to be the enemy of American workers...
- feet 4y agoNo, he doesn't live off of capital gains purely from his assets. A 401k will be drained through retirement and a pension is not capital gains.