Ah, so 401K is like what they call superannuation down here in Shiteville. For some value of 'like', anyway. Oddly enough, a few hours before I saw your post above, I had asked a friend to explain 'super' to me; it seems that there's a definite resemblance to the deducted pension contributions back home (the ones that eventually become the 'old age pension' that OAP stands for - or at least became, since I've no idea what fresh evils the Ire/UK overlords might have wrought on the pension systems since I left), except that the public are strongly encouraged to look after their own super funds - where 'encouraged' means 'nannystate brainwashing by lazy uncaring governments who want each retiree-in-potentia to shoulder the entire burden of pension management'). Of course it's all mysterious and creepy to me, since I believe in the work -> eat, don't work -> starve tooth-claw-red-nature thingummy, where 'work' means 'render service of sufficient value to get another person or other persons to look after your needs and luxuries' (and yes, such service can consist of being excellent enough company that said person or persons would be willing to carry the cost of your support) 0_0
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branchandroot
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Date: Monday, 18 May 2015 01:51 am (UTC)Ah, so 401K is like what they call superannuation down here in Shiteville. For some value of 'like', anyway. Oddly enough, a few hours before I saw your post above, I had asked a friend to explain 'super' to me; it seems that there's a definite resemblance to the deducted pension contributions back home (the ones that eventually become the 'old age pension' that OAP stands for - or at least became, since I've no idea what fresh evils the Ire/UK overlords might have wrought on the pension systems since I left), except that the public are strongly encouraged to look after their own super funds - where 'encouraged' means 'nannystate brainwashing by lazy uncaring governments who want each retiree-in-potentia to shoulder the entire burden of pension management'). Of course it's all mysterious and creepy to me, since I believe in the work -> eat, don't work -> starve tooth-claw-red-nature thingummy, where 'work' means 'render service of sufficient value to get another person or other persons to look after your needs and luxuries' (and yes, such service can consist of being excellent enough company that said person or persons would be willing to carry the cost of your support) 0_0