The second point is what functionally differentiates the two, in my estimation. A Ponzi scheme dries up when you can't find new investors, whereas new investors in social security are limitless.
I wrote this article before I heard of Perry's comparison.
I would really like to move my 401k to a straight index fund (I believe this is the right terminology) - something that would just go up and down with the market. The company my employer uses doesn't seem to allow this option. The only options I seem to have are funds that seem to be entirely invested in other funds. I can't figure out how exactly the account lost money.
NathanLoiselle wrote:BUT WHAT DO I DO IF I DON'T HAVE A RESPONSIBLE CAREER?!?!?!?!
Remain hairy.
iMURDAu wrote:NathanLoiselle wrote:BUT WHAT DO I DO IF I DON'T HAVE A RESPONSIBLE CAREER?!?!?!?!
Step up your golf game? Maybe find a judge who has a gambling problem and hope the club pro wants to help you stick it to him in match play. Dynamite is optional but recommended.
For most workers paid an hourly wage a 401k is the least of their problems seeing as how hard it is to get full time employment without a college degree. And then if they have a degree they might still owe on student loans.
I've actually had a couple part time jobs where a 401k was mandatory. I even had one where they took the money out of our checks but it never made it to the 401k account.
Gendry wrote:The feeling I got from this article;
Let's take the middle road. Remain at your post and avoid haircuts.
Ericthebearjew wrote:Hey, if being unemployed worked out for The Dude, it's good enough for me.
So long as you abide.
I know that was obvious, but I saw an opportunity and I took it, because that is what heros do.
Doodle Dee. Snickers wrote:Tesseracts wrote:The perks of not having a job:
1. May grow longer hair if male.
2. ???
That's the only perk you need. Actually, as I work as a certified smart person now, my beard and hair are free to grow as long as I want to let them. Because you know what's more trustworthy than someone smart? Someone smart with a wild-growing beard.
I presume you look sagely.
sunglasses wrote:*snorts coke*
I'm pretty sure I know why I don't have any money for anything more than bills. Or savings. It's this god awful mortgage.
Did you take out a mortgage for the cocaine? I thought they'd tightened up these regulations.
Tesseracts wrote:The perks of not having a job:
1. May grow longer hair if male.
2. ???
Well, there is the whole not having to work thing.