… while still opposing estate taxes. It’s fucking amazing the lengths Americans will go to to avoid actually solving a problem.
No kidding.
This is like healthcare, which every other nation has mostly solved, but the Americans bend over backwards to find the most byzantine “solutions “ for just to avoid taxing the rich and/or implementing a functioning welfare state.
The latest hysterical example was importing drugs from Canadian pharmacies because apparently buying from a (barely) socialist country is okay, but basic bargaining is somehow immoral.
Oh yes, let’s do another special loophole kinda bullshit thing instead of restraining capitalism, breaking up monopolies and providing for the social good.
Can’t wait to read the headlines in 20 years:
“My 401Kids account was hacked and now I start with nothing”
And
“Dad uses 401Kids account used for hookers and blow”
And
"Buy now, save later, 401Kids account available for lay-by purchases "
Also:
“Need money now? Get a low* interest loan using only your child’s 401Kids as collateral! Turn that theoretical money into actual money!”
*And you better not miss a payment, you fucking deadbeat.
I’ll start my own 401k. With blackjack, and hookers!
All families would be eligible to contribute up to $2,500 per year.
Most of us don’t have $2500 per year to save !!!
That’s good, it means the cap won’t restrict what you can save for your children.
You are not required to contribute the maximum. Some of the programs only required $5 for an count. Saving some, even a little, is better than saving nothing.
It starts before birth. Low socio-economic status affects the health of pregnant people, which in turn has consequences for foetal development. Stress is a big trigger for various latent congenital issues, and that’s one reason climate change is going to result in increased rates of disease.
Another way systemic inequality is given an individual solution so America can continue to pretend poor people deserve to be poor.
