froost@lemmy.worldtopolitics @lemmy.world•‘The 401(k) industry owns Congress’: How lawmakers quietly passed a $300 billion windfall to the wealthy
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5 months agoI started looking into it, found cash balance plans that allow very high contributions to tax advantaged retirement accounts. However looks like something that is not available to the vast majority.
The above is/was correct, but for the last 1-2 years they actually flipped it around, artificially valuing the currency against USD, EUR while not keeping inflation under check. The inflation in TRY has been >100% for the last few years, while the TRY/USD parity barely moved. So it means that the prices are approximately at NYC levels for e.g. restaurants, and is shockingly expensive for most tourists, let alone the local people.