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One thousand times this. The government punishes those who save. It's going to get worse, too when Social Security is means tested, which, is pretty much inev
by laughing_man 2y ago
One thousand times this. The government punishes those who save. It's going to get worse, too when Social Security is means tested, which, is pretty much inevitable at this point. When that happens you'd have to be an idiot to save for retirement unless you're wealthy enough to take advantage of loopholes rich people put into the tax code.
- BigParm 2y agoI don't understand. If you buy an S&P500 ETF you are crushing.
- ttt3ts 2y agohttps://www.statista.com/chart/30224/share-of-americans-who-own-stock/ https://www.statista.com/chart/30224/share-of-americans-who-... Only 60% of us own any stock at all and often through 401k or other indirect investment.
- laughing_man 2y agoLast year, sure. Not over the long run. If it's outside your 401(k) the value of your money is going down due to inflation and taxes.
- Reubend 2y agoI think they're distinguishing between "saving" vs "investing". Investment carries risk.