healthmyths
Platinum Member
- Sep 19, 2011
- 29,327
- 10,776
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Either one are in favor of letting the ordinary worker accumulate now I'm shouting because people don't seem to understand:
THE POWER OF COMPOUND INTEREST is the engine.
For those that don't understand:
A 23 yr worker starting at 30K a year with salary increases of 20% every
10 years would have paid in under current SS/Medicare over $300,000.
Letting the money accumulate at 5% for 42 years the ordinary worker under either Cain or Perry over $1,220,348!
A millionaire at 5% for 42 years through the power of compounding every ordinary worker can become a millionaire!
So either way... IT WILL NEVER HAPPEN WITH A DEMOCRAT BECAUSE NO DEMOCRAT WANTS THE ORDINARY WORKER TO BECOME SELF SUFFICIENT!
THE POWER OF COMPOUND INTEREST is the engine.
For those that don't understand:
A 23 yr worker starting at 30K a year with salary increases of 20% every
10 years would have paid in under current SS/Medicare over $300,000.
Letting the money accumulate at 5% for 42 years the ordinary worker under either Cain or Perry over $1,220,348!
A millionaire at 5% for 42 years through the power of compounding every ordinary worker can become a millionaire!
So either way... IT WILL NEVER HAPPEN WITH A DEMOCRAT BECAUSE NO DEMOCRAT WANTS THE ORDINARY WORKER TO BECOME SELF SUFFICIENT!