401 qué

The 401(k) is a result of the 1978 congress trying to provide a tax break to those higher wage earners (in a large Rochester company) on deferred income. The code was two years old when an employee benefits consultant, Ted Benna, thought it could be used to build a great retirement plan, replacing sections of their existing profit-sharing plan.

The client didn’t bite, but Ted talked and now millions of people use a 401(k). This tax loophole for deferred incomers is widely touted now by the Right To Wealth Elites as the salvation for their masses.

Still So Rightwing

“Content originators make money, and Google makes money,” said Whit Andrews, analyst for Gartner. “Their interests will always be in conflict, and as long as there is greed, people will try to game system.”

As long as greed is rewarded, the aphorism holds truth. As long as need is denied, the aphorism holds truth. Just that long to be wrong, but right. Just that long to fly with only one wing. You all, everyone of you, fall from the sky using this idea; having this ideal.