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Drop Out of Your 401k
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<blockquote data-quote="vantexan" data-source="post: 854931" data-attributes="member: 24302"><p>Have been reading newspaper articles about how CEO's and other exec's have been getting the lion's share of the income in this latest "recovery". Meanwhile the middle class continues to get squeezed. Occurred to me that we do have one weapon available to make a point to them: our 401k accounts. Weekly billions are being pumped into the market from our paychecks. Supposed to set us up for retirement but for many of us we don't make enough to properly fund our 401k. Thus we don't receive much for our efforts and we are also in danger of having our funds greatly reduced in a crisis. But collectively our contributions are used to buy stock on the open market. Those who own large amounts of stock i.e. our corporate exec's benefit greatly from this buying. And to insure that the mutual funds buy large amounts of their company's stock they pay out many millions in stock dividends while holding down our pay. We contribute to their success with little to show for it. It's time we show them we do matter and deserve better. If you want to make a point to those who benefit greatly from this system then withdraw from any stock funds in your 401k. Better yet put your contribution at 0% until they wake up and see we do matter. And spread the word!!</p></blockquote><p></p>
[QUOTE="vantexan, post: 854931, member: 24302"] Have been reading newspaper articles about how CEO's and other exec's have been getting the lion's share of the income in this latest "recovery". Meanwhile the middle class continues to get squeezed. Occurred to me that we do have one weapon available to make a point to them: our 401k accounts. Weekly billions are being pumped into the market from our paychecks. Supposed to set us up for retirement but for many of us we don't make enough to properly fund our 401k. Thus we don't receive much for our efforts and we are also in danger of having our funds greatly reduced in a crisis. But collectively our contributions are used to buy stock on the open market. Those who own large amounts of stock i.e. our corporate exec's benefit greatly from this buying. And to insure that the mutual funds buy large amounts of their company's stock they pay out many millions in stock dividends while holding down our pay. We contribute to their success with little to show for it. It's time we show them we do matter and deserve better. If you want to make a point to those who benefit greatly from this system then withdraw from any stock funds in your 401k. Better yet put your contribution at 0% until they wake up and see we do matter. And spread the word!! [/QUOTE]
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