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To: justlurking

While I can’t find a specific bill introduced, it is quite easy to find where congressional committees have heard testimony on all sorts of changes over the past several years.

http://online.wsj.com/article/SB10001424052702304331204577354024207255032.html
April 20, 2012, 4:28 p.m. ET
Congress Eyes 401(k)s Again

http://abcnews.go.com/Business/retirement-401k-plans-senate-finance-committee/story?id=14511959#.ULjQ_Ya8geV
401(k) Plan Revamp Eyed By Senate Finance Committee
By LYNEKA LITTLE
Sept. 14, 2011

http://www.foxbusiness.com/markets/2008/10/31/beware-congresss-threat-tax-ks/
Beware of Congress’s Threat to Tax 401Ks
Written By Elizabeth MacDonald
Published October 31, 2008

So I wouldn’t be too sanguine by saying that “no actual bills have been introduced,” in congress. That is often the next step after hearings.

The threat is real, as elimination of private capital is a keystone of Marxism. Besides, there’s just too much money out there to tempt the collectivists.


55 posted on 11/30/2012 7:43:39 AM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

The first article is about the same loony professor that made a presentation to a committee. That was it. And in the ensuing furor, the committee chairman effectively disavowed her proposal.

The other two articles are about the possibility of making changes to the rules for new contributions, such as limiting them for high income taxpayers. There was nothing about confiscation or conversion of existing assets.

My point is there is no serious consideration of what some people are claiming. It is just fear porn to get you to read their blog or listen to their show. Stop falling for it, and stop repeating it.


56 posted on 11/30/2012 8:18:49 AM PST by justlurking (tagline removed, as demanded by Admin Moderator)
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