What are your plans for $9 trillion in operating capital? (Reply #50)

In the discussion thread: White workers have nearly five times as much wealth in retirement accounts as black workers [View all]

Response to eridani (Reply #49)

Thu Feb 25, 2016, 06:11 AM

Nuclear Unicorn (19,497 posts)

50. What are your plans for $9 trillion in operating capital?

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77 replies	Author	Time	Post
White workers have nearly five times as much wealth in retirement accounts as black workers [View all]	eridani	Feb 2016	OP
I'd be interested to see the spread in those retirement accounts within the white population.	Erich Bloodaxe BSN	Feb 2016	#1
What's five times zero?	hobbit709	Feb 2016	#2
The switch to 401(k)s hurts everyone, but black people still take the brunt of it n/t	eridani	Feb 2016	#3
How does people saving their own money hurt others?	Nuclear Unicorn	Feb 2016	#5
Not having a defined benefits pension hurts people who don't make enough to save n/t	eridani	Feb 2016	#6
Many jobs do not offer 401(k)s. It's an incentive offered by employers to attract workers.	Nuclear Unicorn	Feb 2016	#10
Many jobs don't offer defined benefit pensions either	eridani	Feb 2016	#14
Okay, but that's not an unfairness issue. That's employers not being able to offer a benefit.	Nuclear Unicorn	Feb 2016	#15
By choosing shareholders over employees n/t	eridani	Feb 2016	#17
Not to draw too fine a point but 401(k) accounts are investments, making employees shareholders.	Nuclear Unicorn	Feb 2016	#25
And defined pension plans are massive collective investments making the Plan giant shareholders	Bluenorthwest	Feb 2016	#32
Yeah, right. The 1% own most shares	eridani	Feb 2016	#36
There's over $18 trillion in retirement accounts, only $5 trillion of which are in IRAs	Nuclear Unicorn	Feb 2016	#37
You mean the people who have less than $5000 in savings will have hurt feefees?	eridani	Feb 2016	#38
What do you propose should happen to the $15 trillion in invested retirement accounts?	Nuclear Unicorn	Feb 2016	#39
What percentage of this is actually in the stock market? n/t	eridani	Feb 2016	#40
Around 60%; so, around $9 trillion.	Nuclear Unicorn	Feb 2016	#44
How nice for the top 10% who own 90% of stock market value	eridani	Feb 2016	#45
Again, it's not the 1% who are invested in 401(k)s. They don't need them.	Nuclear Unicorn	Feb 2016	#46
The top 10% is NOT the middle class	eridani	Feb 2016	#47
I didn't say the top 10% is middle class; I said the middle class are the ones invested in 401(k)s.	Nuclear Unicorn	Feb 2016	#48
I see. we hve no choice but to play the game the way our owners want us to.	eridani	Feb 2016	#49
What are your plans for $9 trillion in operating capital?	Nuclear Unicorn	Feb 2016	#50
Invest it in Social Security.	eridani	Feb 2016	#51
So, you would rip $9 trillion out of the operating finances of companies and	Nuclear Unicorn	Feb 2016	#52
The OP was about how things got much worse for people when defined--	eridani	Feb 2016	#54
"Companies don't just let funds reserved for those pensions sit there"	Nuclear Unicorn	Feb 2016	#60
And I bet social security wouldnt get a dime	Travis_0004	Feb 2016	#70
Nonsense.	Adrahil	Feb 2016	#73
There a re problems with defined benefit plans....	Adrahil	Feb 2016	#72
My uncle's union pension disappeared last year...	meaculpa2011	Feb 2016	#74
Yep	GummyBearz	Feb 2016	#75
I'm betting that among white people	Bettie	Feb 2016	#4
I wonder how much of that is driven by having a culture...	TipTok	Feb 2016	#7
I'd say it's driven by not having money n/t	eridani	Feb 2016	#8
...	KentuckyWoman	Feb 2016	#11
That's part of it...	TipTok	Feb 2016	#13
Wealth is generational	gollygee	Feb 2016	#33
Therein lies the answer to why Bernie's campaign doesn't resonate with blacks	WhaTHellsgoingonhere	Feb 2016	#9
Sanders has consistently been against the policies that cause the disparities	eridani	Feb 2016	#12
Black voters have specific needs and issues. My policies "raise all boats" doesn't speak to them	WhaTHellsgoingonhere	Feb 2016	#18
Yes--she speaks to them by calling black youth "superpredators"	eridani	Feb 2016	#19
Water under the bridge.	WhaTHellsgoingonhere	Feb 2016	#23
. . . and since the average 401k has less than $15,000 . . . .	HughBeaumont	Feb 2016	#16
Because companies got rid of pensions.	alarimer	Feb 2016	#20
I don't even get why were suckered into thinking this would work.	HughBeaumont	Feb 2016	#24
gee, thank goodness the aa vote is going to someone who will really help them	restorefreedom	Feb 2016	#21
Not this one	bigwillq	Feb 2016	#22
There's a lot going on here, with various drivers	whatthehey	Feb 2016	#26
I can tell	Trajan	Feb 2016	#28
Whatevs. Tata.	whatthehey	Feb 2016	#30
Where I used to work the match was up to 6% paid every payday. Nice because it compounded	LiberalArkie	Feb 2016	#34
This is solid advice!	GOLGO 13	Feb 2016	#35
People in jobs without such plans can just go fuck themselves, presumably n/t	eridani	Feb 2016	#42
Well, no, there are plenty of individual retirement account services	Recursion	Feb 2016	#56
Which is ever so helpful to people who don't have anything left over after expenses	eridani	Feb 2016	#58
Whatever	Recursion	Feb 2016	#61
In my last quarter from Oct- end of Dec 2015	GOLGO 13	Feb 2016	#77
What about the people who can't afford to pay anything in? n/t	eridani	Feb 2016	#41
It's a pretty miniscule population that literally can't afford to put anything in	Recursion	Feb 2016	#53
No, it's the majority of the population	eridani	Feb 2016	#57
And nearly all of them could have afforded to save more	Recursion	Feb 2016	#59
Many of us who are unemployed now because of "guest worker" contractization of our work force	cascadiance	Feb 2016	#76
Well then……… Color me black	MagickMuffin	Feb 2016	#27
What group of white washed BS ?	Trajan	Feb 2016	#29
It was my attempt at a joke since I don't have a 401K	MagickMuffin	Feb 2016	#31
90% of the value of the stock market is held by the top 10%	eridani	Feb 2016	#43
Who cares?	Recursion	Feb 2016	#55
Bring back defined benefits pensions	eridani	Feb 2016	#62
God no. They're a horrible idea. Look at how badly they screwed workers over.	Recursion	Feb 2016	#63
My defined benefits pension has saved my ass in retirement	eridani	Feb 2016	#64
Hey, if you trust a corporation with your retirement, go for it	Recursion	Feb 2016	#65
Investing in the stock market also involves trusting in corporaqtions n/t	eridani	Feb 2016	#66
It involves trusting an entire set of markets, yes	Recursion	Feb 2016	#67
Which can go down the tubes as in 2007	eridani	Feb 2016	#68
Which is why you slowly move out of equities starting in your 40s	Recursion	Feb 2016	#69
Apples and Oranges	One_Life_To_Give	Feb 2016	#71

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