Argentine Government Seizure of Private Pensions Seen as Model for U.S.

A Semi-News/Semi-Satire from AzConservative ^ | 22 Nov 2008 | John Semmens

[Tallguy]

I guess they can’t inflate our retirement savings away fast enough. They feel they have to grab it.

[wac3rd]

Isn’t Social Security broken and nearly bankrupt?

What makes people believe that government running ANYTHING is good?

SO, they take my money I SAVED and intermingle it with Social Security funds for the 30,000,000 newly-minted citizens from Mexico’s retirement...

Get ready for the USSR.

[Bon mots]

By socializing STEALING these funds, Argentina has overcome the key deficiencies of private pensions. And I especially like that ‘protective custody’ characterization. It helps build popular support for the intervention.”

There.
Fixed it.

[Sergio]

So once again, those where were too stupid to save for retirement, are allowed to take from those who did.

When do we get a hero to counter Barrack of Nottingham.

[Niuhuru]

Oh dear God, protect us. Many have turned from you, but no I and many others. Protect us so that way we may continue to do your will and in the end save other innocents and prevent bloodshed.

[OB1kNOb]

John - you have to state "SATIRE" in large bold print for most FReepers to be able to distinguish it from reality nowadays.

[Graybeard58]

The government would ensure that everyone is covered and that pension benefits will be paid out on a more equitable collective basis than is currently done

Well, there you have it - collective basis.

[polymuser]

So, how close to His inauguration will most people pull their funds (that haven’t already)?

[bmwcyle]

My dead cold fingers.

[pallis]

Pensions are just the beginning. The way our Socialist government is spending, the Obamatrons will have to take possession of everything before they sink.

[I Buried My Guns]

It may be satire, but it is not funny, because it is too close to the truth. If Congress could find a way to get away with this travesty, they most certainly would.

[hunter112]

In defense of most Freepers, the idea of Barack Obama being elected president would have been satirical just four years ago. At the current rate of stupid, anything’s possible.

[gpk9]

This is not surprising. Back when they started 401k accounts, IRA accounts, and similar tax-shielded investment accounts, I suspected they might do this some day.

Anytime you accept a benefit from government, there are strings attached. Most often the nature of those strings is “we own it.”

I believe It won’t stop with 401ks and IRAs. I believe it will extend to money market accounts, general investment accounts, CDs, and even passbook savings accounts.

[tacticalogic]

What makes people believe that government running ANYTHING is good?

Propaganda.

[meyer]

My dead cold fingers.

'Tis the thieves that will suffer from 'cold dead fingers'. ;-)

[meyer]

So, how close to His inauguration will most people pull their funds (that haven’t already)?

I'm staged. If this concept appears to be near fruition, color my 401K gone, and my house paid off.

[polymuser]

We’ll either stop this or wear shackles.

[Dead Corpse]

They try it here, it's gonna get folks killed.

Not a threat, just an observation...

[gpk9]

"They try it here, it's gonna get folks killed."

More empty threats ...or "observations" as you call them.

90% of Americans lack the guts to get off their ass and do anything signifanct about anything significant. In other words, 90% of Americans are sheep.

The government knows this.