Oh Damn, 401(k)s Aren’t Magic

“All of this has always ignored the mathematical fact that scrimping and saving and investing wisely will not save you if you don’t have enough money in the first place. If you are a low-wage worker who cuts your expenses to the bone in order to sock away $500 a year, on which you earn 8%, you will still not go more than a year in retirement without starving to death. The math just doesn’t work. We need to actually give people more money. This is common sense, but is anathema to the sort of magical thinking that says that the root of all poverty is bad decisions by the poor.”

Splinter News

Digg’s “Take” on the Repercussions of the Net Neutrality Repeal

Digg aggregated a ton of different news sources and their opinions on what will happen after the full repeal takes effect.

  1. Two Tracks — Fast and slow lanes
  2. Mobile will be effected first
  3. Other countries will follow suit
  4. Small businesses will get hit the hardest
  5. The decision could make poverty worse

Check out the article for all the details and links to the corresponding sites…while you still can…

 

The FCC Just Voted To End Net Neutrality — Here’s How It Will Affect You