Originally Posted by
gloopy
They are very aware the proletariat are doing this. By the time most of us will get to that point, there will be various overlapping confiscatory schemes put into place like means testing for other benefits, wealth taxes, death taxes, unrealized gains taxes, changing thresholds, etc.
You say this, but it is the ruling elite that made the current rules the way they are now. You don’t think all these career politicians on both sides become millionaires from paychecks alone do you?
The back door Roth rules were put in the tax code by dems. They want to publicly state that they’re taxing the rich, meanwhile they just make more convoluted rules that create “loopholes” that allow for massive wealth-building. Despite the ostentatious berating of loopholes in public, their existence is no accident and any changes to tax code simply recolor the same rules with new names/codes/legislation.
So the rules may change over time, but keeping up with the changes will ensure that the opportunity to build wealth will continue for those that spend the time learning said changes, vice those that simply cash a pay or social welfare check.
MBCBP has the opportunity to build wealth within the current structure, however the direction agreed upon by ALPA and the Company is pretty much making a good idea a waste of everyone’s time (and money).