healthmyths
Platinum Member
- Sep 19, 2011
- 29,355
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Liberals/progressives/michaelMoores/OWS crowd loudly complain about "sharing" the wealth that 1% supposedly have ....
YET they are either ignorant or have another reason to be against the ordinary worker becoming a millionaire!
A 23 year old entering work force at $30,000 a year and having salary increases every ten years along with employer pays in "mandatory" i.e. Govt. taxes from paycheck.. payroll taxes over $300,000.
If the worker does NOTHING but INSTRUCTS his payroll taxes are put into a FDIC guaranteed, insured savings account for 47 years (age 70 for math challenged!) that compound interest over 47 years of 4.5% grows
to $1 million! Let me repeat the 23 year old can ACCUMULATE through compound interest in guaranteed savings $1,000,000!
The OWS crowd WANTS to STEAL from the 1% rather then WORK for 47 years and accumulate $1 million!
Now The majority of privatizing SS detractors use the premise it is buying stocks and they naively use the term "gambling"!
BUT over 40 years the "market" has grown at 8% and if a logical plan i.e. stocks when young, switching to bonds when older..
the individual would have $3.2 million!
So why are the OWS supporters against the ordinary American saving and having millions at retirement?
Again.. those of you that support liberal/progressive/OWS please just once use some thinking and see what the power of compound interest does!
Putting $300,000 over 47 years accumulates $1 million at guaranteed rate!
So why are you people against the ordinary American becoming a millionaire?
YET they are either ignorant or have another reason to be against the ordinary worker becoming a millionaire!
A 23 year old entering work force at $30,000 a year and having salary increases every ten years along with employer pays in "mandatory" i.e. Govt. taxes from paycheck.. payroll taxes over $300,000.
If the worker does NOTHING but INSTRUCTS his payroll taxes are put into a FDIC guaranteed, insured savings account for 47 years (age 70 for math challenged!) that compound interest over 47 years of 4.5% grows
to $1 million! Let me repeat the 23 year old can ACCUMULATE through compound interest in guaranteed savings $1,000,000!
The OWS crowd WANTS to STEAL from the 1% rather then WORK for 47 years and accumulate $1 million!
Now The majority of privatizing SS detractors use the premise it is buying stocks and they naively use the term "gambling"!
BUT over 40 years the "market" has grown at 8% and if a logical plan i.e. stocks when young, switching to bonds when older..
the individual would have $3.2 million!
So why are the OWS supporters against the ordinary American saving and having millions at retirement?
Again.. those of you that support liberal/progressive/OWS please just once use some thinking and see what the power of compound interest does!
Putting $300,000 over 47 years accumulates $1 million at guaranteed rate!
So why are you people against the ordinary American becoming a millionaire?