The latest South African government rug pull will be going live next year March and I already see the sheeple lining up to get rekt on this one,
There will be a two pot system where you can now access some of your pension fund early but its 100% taxable, get ready for some stupid decisions.
People are going to withdraw it and pay the maximum amount of tax because they only think of the nominal value they can access and because you never developed a culture of saving but forced saving by law on people,.
If you give them access they will squander it which is their right but then don't come crying to the state to tax others and print money to cover your bad decisions.
If you're making contributions to a South African Pension fund, preservation fund or retirement annuity and you haven't already marked that capital as 0 you're living in a dream world. You were sold a lie, I know because I fell for it too, but the maths don't lie, its money down the drain
While you could recoup some of it now, pay the taxes and salvage some of it by putting it into #bitcoin very few are going to have the foresight to do that, they want to consume now
https://www.moneyweb.co.za/financial-advisor-views/the-two-pot-system-striking-a-balance-between-access-and-preservation/
TheBitcoinManual
npub10m…kn8mj
2023-10-03 14:56:33
Author Public Key
npub10mxnle348mzv2dnj0ylgz3zu9gceenc29x9fr4m6mnars66j7vxsnkn8mjPublished at
2023-10-03 14:56:33Event JSON
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"content": "The latest South African government rug pull will be going live next year March and I already see the sheeple lining up to get rekt on this one, \n\nThere will be a two pot system where you can now access some of your pension fund early but its 100% taxable, get ready for some stupid decisions. \n\nPeople are going to withdraw it and pay the maximum amount of tax because they only think of the nominal value they can access and because you never developed a culture of saving but forced saving by law on people,.\n\nIf you give them access they will squander it which is their right but then don't come crying to the state to tax others and print money to cover your bad decisions.\n\nIf you're making contributions to a South African Pension fund, preservation fund or retirement annuity and you haven't already marked that capital as 0 you're living in a dream world. You were sold a lie, I know because I fell for it too, but the maths don't lie, its money down the drain\n\nWhile you could recoup some of it now, pay the taxes and salvage some of it by putting it into #bitcoin very few are going to have the foresight to do that, they want to consume now\n\n\n\nhttps://www.moneyweb.co.za/financial-advisor-views/the-two-pot-system-striking-a-balance-between-access-and-preservation/",
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}