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In reply to the discussion: No one becomes one of the 1% [View all]ronnie624
(5,764 posts)57. 401k is a wealth-transfer scheme, anyway.
Most of the savings go to the financial industry, in the form of fees, further enriching corporate executives and shareholder, at the expense of the working class. A lot of working 'investors' are in for a big surprise, when it's time to retire.
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The most pathetic group of people are the ones with the willfulness to stay ignorant to
Rex
Dec 2015
#1
Actually, it can, but just barely. I like that video too. Thanks for sharing.
99th_Monkey
Dec 2015
#16
That doesn't refute the previous argument, they still have very high wages. Nt
stevenleser
Jan 2016
#38
$400,000 gets you in the 1%. You think that puts people in the life destroying category?
Waldorf
Dec 2015
#25
Yep, it's these kinds of silly, superficial pronouncements that make the entire left look bad
stevenleser
Jan 2016
#36
In this case, personalizing the issue is appropriate.The family of the person to whom you responded
stevenleser
Jan 2016
#49
Nope, not if the experience directly confirms or contradicts an assertion and
stevenleser
Jan 2016
#60
Many if not most people are making money on Wall Street via 401ks and other retirement accounts
stevenleser
Jan 2016
#51
Not any that are serious about leaving a better world with the one life they have.
raouldukelives
Jan 2016
#74