I read an article today that stated Trump wants to remove the tax benefit of the 401K savings plan while lowering corporate taxes. Lets see what is wrong with this picture. Politicians are stating we need to pay for the wall so let’s do that at the detriment of the american people.
Saving is low meaning people are having a hard time-saving for retirement let alone increasing it and he wants to take away the advantage of this. I asked myself why? Does he really thing a wall will stop people from coming here illegally? I think not. They will dig a tunnel which has been done, they will climb the wall and if they want to come here bad enough there is always a way.
We have to get out of the mentality of building a wall and address why they are coming. Work with the government of Mexico to make it so they don’t want to come here. Sounds simple which I know it’s not. I also know people will say why should the USA resolve other governments problem. It’s not solving their problems, it’s helping them figure out why and give ideas and assistance to fix it.
For me taking away the benefit of the 401K is not worth building the wall. Trump is back tracking on items he said he wouldn’t touch. How many billions for the military with 3 billion for the wall. Billion not million.
Trump is a CEO, not a politician. More time on twitter than figuring out what to truly do for the American people and taking this away is not the right thing to do. I hope people who voted for him know the impact of this. I don’t know about you but I surely don’t want to work until I’m 80 just so I can afford retirement.
Again I ask why?