boedicca
Uppity Water Nymph from the Land of Funk
- Feb 12, 2007
- 59,439
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Higher wages means more union dollars much of which ends up in the hands of Democrats.I have identified an equation which exposes the real agenda of raising the minimum wage:
Higher Minimum Wage + My-Ra = Another funding source to expand federal debt and spending
Who can open a myRA? The accounts are targeted at the millions of low- and middle-income Americans who don't have access to employer-sponsored retirement plans. That includes roughly half of all workers and 75% of part-time workers.
The White House says it will "aggressively" encourage employers to offer the program, noting that they won't have to administer or contribute to the accounts. myRAs will initially be offered through a pilot program to workers whose employers sign on by the end of the year.
Once the program reaches full implementation, anyone who has direct deposit for their paycheck will be eligible to sign up, Treasury said.
All workers may invest in the accounts, including those who would like to supplement an existing 401(k) plan, as long as their household income falls below $191,000 a year.
How will the account work? The account will function as a Roth IRA, which allows savers to invest after-tax dollars and withdraw the money in retirement tax-free.
But unlike traditional Roth IRAs, the accounts will solely invest in government savings bonds. They will also be backed by the U.S. government, meaning that savers can never lose their principal investment....
How Obama s myRA retirement accounts will work - Jan. 29 2014
Think about it. If the current minimum wage is $9, and the feds increase it to the oft cited $15 "liveable wage", by requiring mandatory My-RA contribution, these low wage serfs will be forced to buy government bonds at low interest rates. The pols and the banksters make big money while the serfs fake additional income just loses value due to inflation.
Hopenchange!
How Obama s myRA retirement accounts will work - Jan. 29 2014
Unions are very important to the Democratic party and the Democratic party is very important to unions.
Who lobbies for workers besides unions?
This is why the GOP wants to destroy unions. They will take down the Democrats if there are no more unions.
Unions DO NOT LOBBY FOR WORKERS. They lobby for the Unions.
There is a difference.