tag:blogger.com,1999:blog-2761684730989137546.post7576008415157545421..comments2024-03-18T19:09:18.510-04:00Comments on Mike Norman Economics: April tax collections could stall this rallymike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2761684730989137546.post-37495861770489960252009-04-21T08:01:00.000-04:002009-04-21T08:01:00.000-04:00Angel,
Yes, this is unfortunately a function of a...Angel,<br /><br />Yes, this is unfortunately a function of a flawed belief system at the policy level that says the government needs to have revenues to make the invesments we need to remain prosperous. And it is thought that those revenues can only come from private savings, but in actuality, it is the other way around: deficit investing (a.k.a known as deficit spending) raises the savings of the private sector. As long as policy operates under this false paradigm, I do not blame you for not wanting to contribute to your IRA. And isn't that a little microcosm of the self-defeating nature of this belief system? More people like you will put less in 401ks, thus providing less capital to our engines of growth, which is exactly the opposite of what the government is trying to achieve. Yet it fosters this!mike normanhttps://www.blogger.com/profile/03296006882513340747noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-39963214795846249332009-04-21T06:38:00.000-04:002009-04-21T06:38:00.000-04:00My husband and I are not contributing this year. ...My husband and I are not contributing this year. And maybe not ever again. It seems probable that we'll be taxed at a higher rate when we retire 20 years from now.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-66177845628530365072009-04-17T23:17:00.000-04:002009-04-17T23:17:00.000-04:00it might also depend on how many people will be wa...it might also depend on how many people will be wary to put their max IRA or 401K contribution into their fund or keep it out.<br /><br />i don't know how many people wait to the last minute ( they have until october for some types of funds )googleheimhttps://www.blogger.com/profile/14459089745473598235noreply@blogger.com