Comment on How is the Stock Market keeping it's value after *points to everything*?
FreakinSteve@lemmy.world 2 days ago
I pulled my money out when he took office. There WILL be a crash and recession, and it will be intentional. There will be all kinds of irrational exuberence to get everyone all in, and then crash it to mop up the spoils and expand the wealth gap.
ramble81@lemm.ee 2 days ago
Did you have a 401k or an IRA? Where did you put it to not get taxed on it?
FreakinSteve@lemmy.world 13 hours ago
Why would you give a fuck about taxes? What is wrong with you people that you are ALWAYS bitching about taxes??!
SabinStargem@lemmings.world 1 day ago
I have an ABLE account, for people on SSI. It is untaxed, though there is a small fee for just the money to be managed. It is handy, since there is a $2,000 limit on the wealth beneficiaries can have - the ABLE account allows for up to $100,000 to be in there before most benefits are lost. It also invests the money into a stock/bonds/FDIC portfolio of your choosing. If you have enough wealth, you can just deposit money in there until you reach $500,000ish cap for what you can add.
It is really helpful for the poor, since we don’t have many methods for storing wealth that doesn’t involve a mattress. Also, ABLE accounts should be state owned - theoretically insulating them from Musk’s grubby paws. Unfortunately, my state’s ABLE program doesn’t permit Euros, so I suspect no ABLE to be safe from hyperinflation.