Thread Tools
This thread is privately moderated by Jack Crossfire, who may elect to delete unwanted replies.
May 11, 2009, 07:35 PM
Registered User
Jack Crossfire's Avatar
Thread OP
Discussion

the truth about 401k's


We blew $100 on a copter so it's time for the 401k blog.

It is cheaper to pay the 10% penalty for early 401k distributions than to pay full income taxes. That's right kids. Calif* income tax is now high enough that U can move to a state with no income tax & do better with the early distribution penalty than U would taking full paychecks in Calif*. Since every other state has a lower cost of living, your tax bracket would also be lower.

It's a stupid idea of course, not because you're ever going to retire, but because paying in cash is stupid. You're supposed to be borrowing home equity. That's what mortgage bailouts R there for. Your government doesn't give free loans to first time home buyers & people with the right skin color so they can buy houses. It gives loans to make your houses appreciate 20% every year so U can buy stuff.

THE FUTURE OF CASH

In the future, cash is meaningless. Everything is $100,000 & paid for with home equity. You're awarded a certain size mortgage bailout every year, based on party loyalty, race, skin color, religion, sexual preference & that becomes home equity U can borrow for some electronic root boots.

THE FUTURE OF CALIF*

Calif* feeds on outsourcing. U lose your jobs in Montana because if it can be done in Montana, it can be done in Mongolia. U move to the main office in Calif* which can't be outsourced. The faster the internet gets, the more of U have to move to Calif* to find jobs. The more wired the world gets, the more U need jobs that are less wired.

Calif* can raise taxes all it wants, higher & higher, beyond rational thought because it has the location based jobs.

But isn't this like the RIAA clinging to the last few physical CD buyers still alive? Aren't U fighting a hopeless battle against technology by flooding Calif* with your tired, weary, outsourced masses, yearning for the last few location based jobs?

Calif* will keep raising taxes to fund igloo mortgages in Palm Springs until either you're all dead or you move to Mongolia. That is the price of avoiding outsourcing. U can't escape technology, no matter how hard U try. Technology is the equalizer.
Last edited by Jack Crossfire; May 12, 2009 at 02:41 AM.
Sign up now
to remove ads between posts


Quick Reply
Message:
Thread Tools

Similar Threads
Category Thread Thread Starter Forum Replies Last Post
Discussion The naked truth about DS368's davekra Slope 0 Mar 03, 2006 09:31 PM
Tell me about you S & B model. Lucas in Alaska Foamies (Kits) 5 Apr 30, 2002 12:07 PM
The truth about using Kontronik controllers with...... shelby Electric Sailplanes 6 May 16, 2001 12:11 AM