Chapter 205 401 Is Also Free

Chapter 205 401 is also free

This old American system is a bit similar to the Chinese enterprise annuity system. For people with relatively high incomes, this system is still good.

401 accounts are basically tax-free unless you contribute more than required.

For the securities industry, this is a major benefit. The investment direction of these accounts is mainly securities assets.

From the perspective of future generations, this thing is really great.

As for the current situation?

It's just a sad reminder.

Tax-free is great, and adding some retirement security is great, but there's a caveat: your investments have to be profitable.

The current U.S. stock market is comparable to the Chinese stock market. It is impossible to make money. As long as you don’t lose too much money, you are a genius.

What? You said William White.

Please, no matter how powerful he is, he is still an individual. The amount involved in the 401 plan is very large. It is impossible to invest heavily in those high-tech stocks. What they like are blue-chip stocks.

The idea is very good, and it was okay when it was first launched. It is a pity that the Dow only jumped for two days, and then began to weaken again.

"William, is your entire company a 401 plan?"

"Of course, this tax cut plan is not bad, why not participate?"

Little Bush was speechless for a while, you are very calm here, but Peanutton is very noisy.

"You lose money as soon as you invest, what kind of operation is this?"

"Oh, how can you look at it like this? The cycle of this stuff is at least 20 years. Your one-month data is useful, and you don't need to publish this thing."

Elephants want to stimulate the economy. For them, the 401 plan is a big killer. The current situation is not what they want to see.

"Father, he said that one month is useless, and twenty years is about the same."

"Tsk, I don't know if it will take a long time. This guy seems to be very cooperative with this plan. I just want to know the reason."

"The reason is not simple. He doesn't like those guilds. This is used to block people's mouths."

"Tsk, these bastards are rubbish."

William White's business and guild organization are very difficult to mix, except for those companies that he acquired, it is difficult for these guys to be fired.

The new company is ridiculous, there are almost no guild members.

Generally speaking, the guilds of large enterprises are more powerful, and the benefits and benefits of these enterprises are also better. Small and medium-sized enterprises have no one to manage them, and the treatment is naturally worse.

William White is quite special here. You said he is a small and medium-sized enterprise? That's basically bullshit.

In this era, a company with assets exceeding 100 million is not a small business, and a company with assets of 2 billion is already a behemoth.

The crux of the matter is that this guy's business is very strange, with a very limited number of employees.

Well, this limitation is also relative, and the absolute number is not a lot. For example, the game company has more than 2,000 employees, but brother, you are a company with a valuation of more than two billion, and 10,000 people are about the same. Why is there only more than two thousand?

The California government has talked with him many times. As long as you open a factory, everything is easy to negotiate.

To be honest, these conditions are still very good, but it is a pity, who is William White? To him, a politician's promise is basically equivalent to a small talk, which means the same thing as nonsense.

Not to mention the current era, it is impossible to build any factories in 2020.

On the surface, the land prices in Laomei are cheap, the taxes are not too outrageous, and although the wages of workers are a bit high, they are within the acceptable range.

Filson, let me tell you this, we said that the salary is good, the foot basin is about 50% lower than ours, and the monthly income of Tianchao is at most 200 dollars, and it may be even lower. "

"Well, you are right. Their income is bullish. It may not be ten years before the income of the foot basin will be close to ours. Let me put it this way. Even if the income is the same, the production cost of the foot basin is still lower than ours, at least lower. 20%."

"Boss, what is the reason for this, I really don't understand."

"Haha, let's not talk about you. I am also very tempted by the conditions in California and Texas, but it can't be done. As long as there are large factories, our business will be covered by the guild. They are all crazy."

"Will it be so serious?"

"Hey, how about this, you go to Detroit for a while, I'll let Max pick a few people to accompany you."

"Boss, would you invest in a car?"

"Why not? The current troubles are all caused by the guild. It will be fine if I don't open a factory in the United States."

William White is a bit extreme. The guild is indeed part of the reason. In fact, there are other problems, and the specifics are not known.

He remembers very clearly that there was a fool 13 in Baodao in later generations, who was fooled by economists and went directly to the United States to invest and open a factory.

The end result is that there is no way to start work at all, unless you also transport workers there.

The land is cheap, the construction cost is not high, and the electricity cost is OK. As for the wages of the workers, they are not too expensive.

What? You need 50,000 workers, great, we will give our full support.

However, if you are lucky, it will be an eye-opener for two thousand people to come.

No matter how high the unemployment rate in the old United States is, you cannot find too many workers, especially those in simple manufacturing.

As for the overtime you expect, it is not bad if 10% of the people are willing to work overtime, any more is just a dream, unless you use all Chinese.

Laomei's workers are really lazy, and they don't like too simple jobs. If you want these bastards to make Apple mobile phones, it is estimated that you need to sell them for at least 2,000 US dollars, otherwise you will lose money.

By the way, a maximum of 100,000 units can be produced. As for an order of 10 million units, it is impossible to complete it, even if it costs 2,000 US dollars.

"Max, you said this is Detroit?"

"Yeah, it's not bad here, you'd better not go to other places."

"How come there are so many guys with nothing to do?"

"The boss said that this is a sin city. I agree with this statement. As for why this happened, the guild needs to bear at least a large part of the responsibility."

"The unemployment rate here must be over 20%."

"Haha, more than that, I can't look at the official data. It's over here. It's better to completely destroy it."

"Damn it, the guild seems to be making trouble recently."

"Yeah, asking for an increase in income, hey, this is going to go bankrupt, how can I increase it?"

According to William White, enterprises and workers are like a couple. Although they often have conflicts, they can still get by.

With the guild, it will be different. This guy is a lawyer who specializes in divorce lawsuits. If the two of you stop making trouble, wouldn't they become a display.

Felson returned to Los Angeles and didn't mention the factory anymore. He was just a little confused. How could William White know so much about Detroit since he had never been to Detroit.

Well, it may have been there before, could it be that the boss discovered this problem many years ago?

It should be like this, otherwise there is no way to explain it. Naturally, capitalists don't like guilds, but they are not so extreme.

Alas, this is also a trouble, shutting the guild out may be fine in the short term, but it is absolutely impossible to do so in the long term.