This is directly from Saul Alinsky’s playbook.
Think of the word Obama used to get gay marriage accepted — “EVOLUTION”.
During the 2008 campaign, he said he was against gay marriage... now, he “evolved” and accepts it.
Same thing happened to abortion. First, it was limited to the early trimesters, now, even full term babies are being aborted ...
Things don’t change with a big bang, Freedom isn’t taken away immediately, the right to own firearms is not taken away at once... the changes creep in slowly, make people docile so that they can “get use to it”... until suddenly... it is too late.
Same thing will happen to your IRAs and 401K. They will attack the “very rich” first ( e.g. you can’t save more than $3 Million dollars in your IRA ). Then slowly but surely, the term “rich” evolves until YOU are the rich who gets targeted.
That has ALWAYS been the Saul Alinsky strategy.
Then NO MORE DAMN GOVERNMENT PENSIONS THAT PAY OUT $250k+ a year forever. At least with 401k retirement funds, there is no taxpayer funding/bailout.
this, sadly, is not our problem....would love to have a “problem” with a big retirement...
“...to each according to his needs.” - Where have I heard this before?
This isn’t going to hurt the rich like Bammy thinks it will. And he knows it. This is all to prevent people from amassing wealth.
They can shelter funds in trusts now, so the taxman may get a bite now, so what. Or they will find a way to open retirement accounts for other family members and transfer or deposit money into those new accounts, tax free. So what about limits, now each person has a 401k or IRA that can be filled up to a certain limit without problems, big deal.
It’s about looking good for the poor democrats looking like he’s done something to the evil rich people. Gotta keep all the democrats on that plantation, Barry.
WHO THE F#$ ARE THEY TO DETERMINE HOW MUCH WE “REASONABLY NEED” TO RETIRE ON???????????
When I first signed up for a 401(k), my Grandfather (God rest his soul) flipped out.
He had lived through the great depression, remembered FDR seizing gold and inspecting safety deposit boxes, and said “They will take that 401K to help out someone who already spent their savings.”
I fear he was right.
Some misunderstandings of Constitutional freedoms are best reformed with a baseball bat.
Don’t worry about your retirement. Obama’s gubmint will take care of you. Just take your pill and be happy.
No one I work with will come near a $3M cap.
I stopped adding to retirement savings as soon as this chatter moved into the liberal mainstream, about ten years ago. Now that I’m retired, I am glad I didn’t put more money where they could find it so easily.
We need an “Eagle Eye” event !
What happens if you accumulate too much?
Do they confiscate your 401K?
As I’ve repeatedly stated, retroactive slavery will get you a civil war from me.
I dont expect to be able save >$3M so the GOP will take a hard do or die stand against that idea, however I do pay state sales taxes so I expect the GOP in the House to screw me on that like many in the Senate just did.
It always happens this way. They know exactly how to turn this country into a communist paradise, and they are succeeding.
My first reaction was, ‘there is no way this will ever be passed’, but that is what my first reaction to obamacare was.
(Please Run, Sarah)
These liberal thiefs are very clever!...They figure the majority cannot or would not object to a cap of $250,000 in retirement savings to live off of...BUT IT’S NOT THEIR MONEY and that would be just the first step. Next, they would determine the cap at $100,000 then $50,000 and so on...REDISTRIBUTION doncha know? GO TO HELL LIBERALS!!!