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Mandatory Mutual Funds

Do you support mandatory investment via mutual funds

  • I support Obamacare and would support mandatory investment

    Votes: 0 0.0%

  • I support Obamacare and would oppose mandatory investment

    Votes: 2 25.0%

  • I oppose Obamacare but support mandatory investment

    Votes: 1 12.5%

  • I oppose Obamacare and mandatory investment

    Votes: 2 25.0%

  • Rootabega

    Votes: 0 0.0%

  • Fisher is brilliant

    Votes: 3 37.5%
  • Total voters
    8
Fisher

Fisher

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If one were to substitute "health insurance" with the word "mutual funds" in the Obamacare scheme, every argument would be the same. Some people cannot afford to retire; the cost of providing for the elderly is passed onto the public etc., so When President Paul Ryan requires that everyone have a mutual fund and make annual contributions to it, or be "taxed" 2% of their income every year, are you going to support it?
 
Fisher said:
If one were to substitute "health insurance" with the word "mutual funds" in the Obamacare scheme, every argument would be the same. Some people cannot afford to retire; the cost of providing for the elderly is passed onto the public etc., so When President Paul Ryan requires that everyone have a mutual fund and make annual contributions to it, or be "taxed" 2% of their income every year, are you going to support it?
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Isn't that pretty much Social Security except Social Security is a higher percent?
 
iliveonramen said:
Isn't that pretty much Social Security except Social Security is a higher percent?
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Social Security is not a mutual fund. It gets invested in government bonds that barely keep pace with inflation, but if you like your social security, you can keep it and be taxed the extra 2%.
 
Fisher said:
Social Security is not a mutual fund. It gets invested in government bonds that barely keep pace with inflation, but if you like your social security, you can keep it and be taxed the extra 2%.
Click to expand...

Well I already invest but I'm not sure what the point of a 2% tax would be if you're already taxed for your retirement.
 
Fisher said:
If one were to substitute "health insurance" with the word "mutual funds" in the Obamacare scheme, every argument would be the same. Some people cannot afford to retire; the cost of providing for the elderly is passed onto the public etc., so When President Paul Ryan requires that everyone have a mutual fund and make annual contributions to it, or be "taxed" 2% of their income every year, are you going to support it?
Click to expand...

Some key components of your "plan" are missing.

What amount/percentage of income as investment would avoid the penalty?

What qualifies as a mutual fund?

What will the gov't put into my mutual fund account if I am deemed to be "too poor"?

The devil is always in the details. ;)
 
iliveonramen said:
Well I already invest but I'm not sure what the point of a 2% tax would be if you're already taxed for your retirement.
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Because a lot of people are not. A Lot of people already had insurance and the government already has insurance programs for the poor, but it made no difference. We had to have Obamacare, so there is now nothing to stop RyanRetirement.
 
Fisher said:
If one were to substitute "health insurance" with the word "mutual funds" in the Obamacare scheme, every argument would be the same. Some people cannot afford to retire; the cost of providing for the elderly is passed onto the public etc., so When President Paul Ryan requires that everyone have a mutual fund and make annual contributions to it, or be "taxed" 2% of their income every year, are you going to support it?
Click to expand...

We already force folks to invest in Government bonds in a socialized payment scheme - shifting them to mutual funds would at least allow them to maintain private ownership of their funds.
 
ttwtt78640 said:
Some key components of your "plan" are missing.

What amount/percentage of income as investment would avoid the penalty?

What qualifies as a mutual fund?

What will the gov't put into my mutual fund account if I am deemed to be "too poor"?

The devil is always in the details. ;)
Click to expand...

8% makes you too poor for the ACA, so 8% has to go into mutual funds.

Whatever the government declares a mutual fund to be. We can put heavy penalties on early withdrawals.

No. You will get whatever the government provides you in a Medicaid version retirement under the current SS system.

No. The Devil just retired from being Secretary of State so I suspect she is in New York and not the details. :shock:
 
Fisher said:
8% makes you too poor for the ACA, so 8% has to go into mutual funds.

Whatever the government declares a mutual fund to be. We can put heavy penalties on early withdrawals.

No. You will get whatever the government provides you in a Medicaid version retirement under the current SS system.

No. The Devil just retired from being Secretary of State so I suspect she is in New York and not the details. :shock:
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That is way too confusing. Lets just let the gov't have our paychecks and send us what we deserve. ;)
 
iliveonramen said:
Isn't that pretty much Social Security except Social Security is a higher percent?
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And a lower return, and no actual ownership. At least you would have property rights to your mutual funds - you have no right to receive social security payments.
 
Fisher said:
8% makes you too poor for the ACA, so 8% has to go into mutual funds.

Whatever the government declares a mutual fund to be. We can put heavy penalties on early withdrawals.

No. You will get whatever the government provides you in a Medicaid version retirement under the current SS system.

No. The Devil just retired from being Secretary of State so I suspect she is in New York and not the details. :shock:
Click to expand...

Calling Hillary Clinton the Devil is insulting to the Devil. The Devil is at least competent.
 
ttwtt78640 said:
That is way too confusing. Lets just let the gov't have our paychecks and send us what we deserve. ;)
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Fine, but you have already voted, so no soup for you.
 
To try and make someone contribute to Mutual Funds is outrageous
 
Fisher said:
If one were to substitute "health insurance" with the word "mutual funds" in the Obamacare scheme, every argument would be the same. Some people cannot afford to retire; the cost of providing for the elderly is passed onto the public etc., so When President Paul Ryan requires that everyone have a mutual fund and make annual contributions to it, or be "taxed" 2% of their income every year, are you going to support it?
Click to expand...
Shhhhhhhhhhhhh!!!!!!!!!!!!!!!! Don't give them any ideas.
 
Fisher said:
If one were to substitute "health insurance" with the word "mutual funds" in the Obamacare scheme, every argument would be the same. Some people cannot afford to retire; the cost of providing for the elderly is passed onto the public etc., so When President Paul Ryan requires that everyone have a mutual fund and make annual contributions to it, or be "taxed" 2% of their income every year, are you going to support it?
Click to expand...

I think you're an absolute genius and I wish you were running the country instead of the current crew.

It's a great idea and over decades, could be an alternative to social security - or not, since we'll see how well this works on a modest scale.

Fisher 2016
 
specklebang said:
I think you're an absolute genius and I wish you were running the country instead of the current crew.

It's a great idea and over decades, could be an alternative to social security - or not, since we'll see how well this works on a modest scale.

Fisher 2016
Click to expand...

2020....I still have bills to pay
 
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