Posted on 02/29/2024 5:31:44 AM PST by Red Badger
“You know what they want? They want obedient workers. Obedient workers. People who are just smart enough to run the machines and do the paperwork, and just dumb enough to passively accept all these increasingly sh____er jobs with the lower pay, the longer hours, the reduced benefits, the end of overtime and the vanishing pension that disappears the minute you go to collect it, and now they’re coming for your Social Security money. They want your retirement money. They want it back so they can give it to their criminal friends on Wall Street, and you know something? They’ll get it. They’ll get it all from you, sooner or later, ‘cause they own this f______g place. It’s a big club, and you ain’t in it.”
-George Carlin
Maybe trading in scalps will replace it?
They’re telegraphing the next moves.
L
I have a better idea. Abolish 401(k)’s AND abolish the income tax. Deal?
Well, it could be argued that the Federal Government should have been limited to taxing income, in the first place.
The People and States should have fought tirelessly to limit the definition of “income” to the minimum possible.
Argentina took all the 401ks from their citizens and then spent the dough..............
The accounts are not “tax free” - they are tax deferred. They collect taxes on the payouts...which should be larger. Would they be ending the taxes on the payouts if they end the tax exemption on the deposits? Or is this going to be a case of double taxation?
He certainly got that right..................
This has been talked about since the Clinton Administration. Some broad at some NY think tank came right out and advocated for complete confiscation of 401k plans.
You know, for “safety”.
L
They want the Roth IRA’s too, which is money that is already taxed................
just a bunch of idiots talking about something that will never happen. Similar to those who claim social security will not be there when we retire.
The younger generations that want “free healthcare” are going to get it, at the cost of retirement and savings plans.
Who wants free healthcare that is staffed by DEI applicants?................
It will be free, and worth every penny.
But for decades democrats have been salivating at the thought of there being trillions of dollars sitting out there in 401k's that they could use to fund their social boondoggles.
> Median total financial assets of those age 60 is only $53,000.
Barely enough to buy a lower end pickup truck.
They want Revolution II? Just try that, Obamaholes, try it.
But the seed was planted, and it takes 2 or 3 generations for it to bear fruit. Children have been indoctrinated to support socialism, and once they reach critical mass in the electorate, it’s Katy bar the door!
They don’t care about the tax money, they care about destroying the middle class and the American way of life....The money is the excuse, confiscation is their goal.
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