Posted on 11/29/2012 12:07:28 PM PST by prplhze2000
Suddenly within 24 hours three articles appeared in the NYT, Atlantic Monthly, and Time discussing a Danish "study" about the tax breaks for the 401K plan. Naturally they all discussed whether the government should abolish the tax break for them. What was it they said about never wasting a crisis?
There is a big difference between reducing or eliminating the 401(k) tax break and actually confiscating the assets in the 401(k).
How about annuities? Will the Dems put JG Wentworth out of business and confiscate those too?
Maybe the lazy taxpayer class will finally bestir itself when the IRS takes over their 401K accounts.....but not during football season, or baseball season, or basketball season.......
Answer: NO!!!
Don’t you want your savings stolen to buy cell phones for illegal aliens and welfare cheats?
They are going to take everything once they create 30 million new democrats and put super majorities in to complete the revolution.
And half the people will sit around not wanting to be a “racist”, blaming Bush, and hoping Obama spends their money more wisely than they could have.
I can’t even say what I think the reaction of the American people should be.
Agreed. St. Theresa wants to confiscate them. The study wants to abolish the tax break. Still a big huge deal.
If John Boehner had a brain in his head, he would pull out of the budget talks, give every Republican congressman copies of these articles, and send them all over the country waving that red flag and declaring THIS is what Obama and the democrats really want, and THIS is why spending must be cut and NOW!
I said if.
All three rabidly marxist mags all at once? obviously the administration told them what to say. Obviously the mags all agree with seizure of honestly-earned assets.
Obviously, the USA is now a communist country.
When your friends complain of the seizure, are you going to ask if they voted democrat?
Actually forget that. Half of the country has its head up its a$$, and won’t know or care.
either way they win.
you end your 401k to save it from government, you get taxed on it and a 10% penalty. they may not do anything yet take a big chunk of it.
you don’t and they actually may confiscate it.
My 401K is not safe from the Democrats.
The current balance in my checking account is not safe from the Democrats.
The 37 cents in my left-front pocket is not safe from the Democrats.
The half-bottle of Heinz Ketchup at home in my refrigerator is not safe from the Democrats.
My car is not safe from the Democrats
My house is not safe from the Democrats
If we ever read through the entire Obamacare bill I’d probably find most of my vital organs aren’t safe from the Democrats.
They are like a plague of locusts, taking and devouring what they will.
No.
Nothing you own is safe from the democrats. They don't believe in private property rights. They are communists.
Nothing you own is safe from the democrats. They don't believe in private property rights. They are communists.
Nothing you own is safe from the democrats. They don't believe in private property rights. They are communists.
Sorry for the multi-post...
Periodically, you hear about how low the US savings rate is, and then how Social Security is going broke. If the government were smart (they aren’t - just look at your average Federal Worker) they would figure out that the solution could be to allow people to save even more tax free, so that WHEN social security dries up, people will have something to live on and won’t have to go on the dole.
Wasn’t it Hillary who wanted to hit all 401k’s with like a 15% tax on the total amount once, and then of course continue to tax you as you took the money out. So the gov’mint got a free 15% hit on your earnings while it was earning.
They have been coveting 401Ks since Hillary’s attempt to control the government before 1994 under her husband’s aegis. The government his further reinstituted ‘panel discussions’ and meetings on that very subject. Don’t be fooled they will stop at curtailing deductions.
The only source of cash that can do anythinga about the debt and allow them to keep up their 1-2 trillion dollar entitlement spending spree is to steal your cash retirement. Count on it.
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