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Happy Panther

Government takes personal savings accounts

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Kind of rich calling someone naive while you pretend you've actually 'taken care of yourself.'

Have I not?

I certainly don't expect to get anything from that broke ass program called SS, and I will not put my retirement or my future in the hands of a business whom I know can go bankrupt at any time.

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Are you insane? How is it fair to not expect something that you put money into?

Employees don't typically contributes to a pension. That is company funded and paid.

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No it won't. If you really think that something this absurd could transpire in the USA you need to have your head examined.

Of course it could happen. No chance today but what happens if our debt becomes unmanageable. Something drastic may happen. Maybe not be bank seizures but something will give.

In the USA 401ks will be seized long before savings accounts.

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All my money is buried in the backyard.

and you live where again?

uhh, I have a lawn service

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and you live where again?

uhh, I have a lawn service

Here

http://www.zillow.com/homedetails/18227-Capstan-Greens-Rd-Cornelius-NC-28031/6123338_zpid/

Call me on my celly and we can work out something.

Don't steal mah money though k?

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PS - this did happen in the US in 1933 when Roosevelt ordered all citizens to sell their gold to the government at a fixed price - and subsequently increased the price by around 75%.

Google executive order 6102

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Employees don't typically contributes to a pension. That is company funded and paid.

The hell you don't. Just like insurance costs that is money you are not getting directly as a wage.

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The hell you don't. Just like insurance costs that is money you are not getting directly as a wage.

The few companies that provide pensions (most do not anymore for cost reasons) are company paid. There are not pension contributions made the employees. It is a benefit cost for the company.

Unless you are saying that you would have a higher salary if they did not have a pension...which I assure you there are no salary increases that happen when pensions are killed.

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The few companies that provide pensions (most do not anymore for cost reasons) are company paid. There are not pension contributions made the employees. It is a benefit cost for the company.

Unless you are saying that you would have a higher salary if they did not have a pension...which I assure you there are no salary increases that happen when pensions are killed.

What Del is saying is Yes that is true, but it is also factored into your compensation, thus it is your contribution, paid by the company, to compensate you for your work. So in theory you are paying it in, just not directly.

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I just saw an article on this...

Isn't there a real risk here (no matter the other logical reasons for "holding people accoutanble" or whatever) of a run on the banks?

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What Del is saying is Yes that is true, but it is also factored into your compensation, thus it is your contribution, paid by the company, to compensate you for your work. So in theory you are paying it in, just not directly.

My comment is that companies usually do not increase your compensation when pensions are killed.

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Don't worry, this will be coming to a state near you at some point.

Nah, just ck your tax output lately.

It's already here.

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