To: BipolarBob
It is much worse than forcing you to buy T-bill annuities. It is confiscation of your assets fueling additional government spending. Your benefit stream will not have any assets to pay benefits. Your wealth will be treated identically to Social Security taxes: spent immediately so that spending levels will not need to decrease. The economy will be starved of private investment and the dollar will still be in grave danger because there will not be enough economic output to support incredible levels of government spending.
To: businessprofessor
It is much worse than forcing you to buy T-bill annuities. It is confiscation of your assets fueling additional government spending. Your benefit stream will not have any assets to pay benefits. Your wealth will be treated identically to Social Security taxes: spent immediately so that spending levels will not need to decrease. The economy will be starved of private investment and the dollar will still be in grave danger because there will not be enough economic output to support incredible levels of government spending.
Two additional points need to be added. T-Bills are not selling well adding pressure to seize all assets. Once the retirement accounts are under government control, expect debt monetization thereafter.
90 posted on
02/17/2010 7:33:01 PM PST by
PA Engineer
(Liberate America from the occupation media.)
To: businessprofessor
The result of this will be more acts of desperation as has been seen recently in response to frustration and the futility of dealing with government.
171 posted on
02/19/2010 9:02:08 AM PST by
Gaffer
("Profling: The only profile I need is a chalk outline around their dead ass!")
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