There is an idea floating around college campuses — including here at Harvard — that scholars should be funded only if their work conforms to a particular view of justice. There’s a word for that idea: censorship. And it is just a modern-day form of McCarthyism.
In the 1950s, the right wing was attempting to repress left-wing ideas. Today, on many campuses, it is liberals trying to repress conservative ideas, even as conservative faculty members are at risk of becoming an endangered species.
This is what a company that will be pumping out billions of dollars of profit in 2020, 2030, 2040, 2050, and 2060 looks like. It is the greatest collection of intellectual property in the entertainment industry that the world has ever seen. It has well-defined audiences and immense bargaining power as a content originator/owner. It is a peerless enterprise.
Mastercard, Inc. has one of the best employer match programs in the entire world. It matches 125% of employee contributions up to 10% of salary. If you are an employee of Mastercard reading this, you would be a fool to put anything less than 10% of your salary into the company’s 401(k) plan.
Right now, Mastercard has several jobs posted on indeed.com that list a starting pay of $80,000. This future employee will have the choice to save 10% of his salary, or $8,000 per year, and receive a $10,000 match from Mastercard in his 401(k). We are talking $1,500 per month socked away into retirement savings, free to compound with an annual tax toll, and outside the reach of creditors. A 401(k) plan with a meaningful employer match is one of the best wealth compounding tools in existence.