Well, someone has to go first ...
Is not the I WON going to Ireland sometime soon? Who knows what ideas and concepts he plans to bring back.
Will the last industrious, productive person in Ireland please turn off the lights upon leaving.
Didn’t Argentina seize all the money in private pension funds?
Do Irish pensioners pay income tax on the pension?
I already pay on my private pension at regular US federal tax rates.
It’s a helluva lot more than 0.6 percent obviously.
BOHICA!!!!
Looks like it’s already starting to happen here:
Illinois Senate president wants to look at taxing retirement income
And here’s what other European countries are doing:
European nations begin seizing private pensions
Hungary, Poland, and three other nations take over citizens’ pension money to make up government budget shortfalls
Sorry I am not well versed in finance or for that matter, any money matter.
Is this saying they are proposing no difference between the Before Tax and the After Tax contributions for your pension?
And it will only last 4 years,if you believe that i got a bridge for sale..
I wonder how quickly America will be locked down so the cowards in D.C. can move freely after their massive theft.
The US Gov’t carries out its stealth taxes differently.
We have the FED buy Gov’t debt/print money. Money is printed, Gov’t spends it on “jobs programs” or whatever scheme they have in mind, the money stock is diluted, you pay more for food, fuel, etc... due to inflation, your savings are expropriated through negative real interest rates, and your real salary declines.
The end result is as the same as Irish though.
The money was to be used to fund "inner city" projects.
Folks, that's how 1960s Marxist-Alinsky street/campus revolutionary rabble and their ideological issue feeeeeeeeel about these things. Arguably they are now "the Establishment." Certainly in the universities and the MSM they are. They are the Rat Party (formerly the traditional, patriotic Democratic Party).
Someone’s got to pay off the Banks somehow.
Bloody way to run a country that could be extremely productive into the ground,same thing that happened under British rule is happening now.Most likely it will lead to the same results.
Then the lunatics running this country will go crying that they had to pay for making a mess of things,what a bunch of ignorant trash.
bttt
What do we get for putting our money in a (pre-tax) IRA or 401K? Do we get a tax break? Not really, we get taxed on the full amount, it is just delayed. So what good is it? It is rules city, limits and penalties if we withdraw early, withdraw late, etc., etc.. And now it is in danger of being taxed or confiscated. For what? The big, great, advantage of delaying taxes from when it is earned to when it is spent. It ain’t worth it.
Folks, this are two reasons why governments love pension progrms. The first reason is the ostensible concern that people are too stupid to save for their old age. The second is that pension programs create vast pools of wealth that can be easily tapped into because they must account to government.
As soon as the road is paid for we'll stop collecting tolls.