4 ms·
Hi, I'm here to hold the bag?
by booi 9mo ago
Hi, I'm here to hold the bag?
- chinathrow 9mo agoYour pension fund, yes.
- lotsofpulp 9mo agoThis comment makes even less sense than jotras’ comment. Pension funds buy shares in businesses such as Microsoft. The money going into the pension fund is not typically a function of the tax paid by companies such as Microsoft, but rather from a combination of actuaries’ recommendations, payroll tax receipts, and politicians’ priorities. Therefore a pension funds’ equity holdings, such as Microsoft, doing well means taxes can be lower.
- jdiez17 9mo agoIf only my country (Germany)’s pension fund was capital/stock based.
- lotsofpulp 9mo agoMost countries' broadest defined benefit pensions are just simple wealth redistribution schemes from workers to non workers as opposed to being paid from funds that were previously invested. In the USA, Social Security defined benefit pensions are cash from workers today going to non workers today, same as Germany's national scheme (gesetzliche Rentenversicherung?). The other defined benefit benefit pension schemes are what are usually invested in equities, and the investment restrictions section in this document indicate Germany's "occupational pensions" can also invest in equities. (page 12) https://www.aba-online.de/application/files/2816/2945/5946/20210819_Occupational_Pensions_Landscape_in_Germany.pdf https://www.aba-online.de/application/files/2816/2945/5946/2...
- Groxx 9mo agoWe really should have thought of this before becoming peasants.
- chrishare 9mo agoHave you tried not being poor?
- nineteen999 9mo agoIt gives you a new opportunity to pull yourself up by the bootstraps. Until mommy and daddy come along with another cash infusion.
- joncrane 9mo agoYou guys are getting bags?
- aembleton 9mo agoUnder our eyes