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In Reply to: RE: If government hadn't created the 401(k), you'd likely have nothing. posted by srdavis2000 on July 17, 2021 at 10:45:35:
I have no control over anything that happens after I'm dead. My stepfather thought the same way you do, planned meticulously for my mom after he died and it all went to shit anyway. The investments ended up being worthless.
My wife gets her own SS plus my survivor benefit and her pension and my survivor benefit from my pension and my life insurance and the money we have in the bank. And she won't have me blowing dough on LPs and model cars. She'll be just fine.
OTOH, if government hadn't created your retirement plan, where would you be? If government didn't insure your deposits, you couldn't even trust your own money. You think a savings account would be safe if there were no deposit insurance? Take a look at what happened before FDR took office.
If the Bush and Obama Administrations and the Federal Reserve hadn't bailed out Wall Street after 2008, where would your retirement fund be?
What I'm selling and you're not getting is, you think you depend on yourself but you're just as dependent on government as I am. As we all are.
Even Jeff Bezos wouldn't have made his money if the government hadn't created the internet.
The blissful counterstroke-a considerable new message.
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Follow Ups
- I'll be dead, so why do I care? - ghost of olddude55 11:13:25 07/17/21 (2)
- RE: I'll be dead, so why do I care? - srdavis2000 11:39:08 07/17/21 (0)
- RE: I'll be dead, so why do I care? - tweaker456 11:32:38 07/17/21 (0)