Posted on 10/16/2008 8:32:17 PM PDT by Keyes2000mt
There soon will be a run on safes and mattresses....
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Ping!
I caught it too. Another case of democrats insisting on playing God.
Excellent post. I think you need to forward it to everyone you know.
If it were mine, I would.
oh, please, Dems, do that!!!
The middle class would hate you forever. :-)
that’s just
evil.
Ah-so... I thought you were from the future or something!
“I want to spend OUR nation’s dollar for retirement security better. Everybody would now be covered” if the plan were adopted, Ms. Ghilarducci said.
So, deferred taxes on 401(k) contributions and earnings are actually part of “OUR NATION’S” dollar for retirement security. They don’t belong to the companies and employees who put the dollars in the 401(k)s.
As several have said, that this sort of proposal is being seriously entertained now in Dem. controlled congressional committees should be publicized far and wide.
If people keep putting money into their 401(k)s and their IRAs, they won’t be dependent on Socialist Security — and that is exactly what it is, security for the socialists. So the alternative methods of funding your retirement hve to be taxed into oblivion. Liberalism cannot function without large numbers of dependent people.
Post election, the party of Bill Ayers must have a long list of little surprises for us.
"Change and Sacrifice"
.
The bigger mystery is why people vote for them.
I remember seeing a Brooking Institute meeting on C-Span during the time Bush was trying to save the USA and privitize SS. They were hawking a private plan on TOP of SS. Except it would be mandatory and of coarse it would be wealth re-distribution aspect like SS and the .gov would also kick in some money for those on the low end. I bet this is something like that. I am so mad right now. I do not want to finance another persons retirement but my own. Good grief. Are they going to bleed us to death until we have to revolt!!!
Screw with the “rich” is one thing, screw with the “Average Joe’s 401k” is another thing. Any bozo who tries to take away the tax breaks on 401k might as well sign their own political death warrent.
Wall Street is collapsing out of fear these sc*mbags will have unlimited power in a democrat/Obama victory.
If taxing your 401K retirement fund is any indication, it will be a long way to the bottom for Wall Street.
Conversely, a McCain victory would produce a 5000+ point gain in the Dow before the end of the year.
After govt encourages people to save for their own retirements, now they want to raid their private retirement money they have saved.
Fvck all the democrats. They can all burn in hell. Friggin bastards.
It might not be so long....
Dang, taxing 401(k)’s sounds idiotic.
People investing in 401(k)’s is something that has a buffering effect on market downturns. If the incentive to invest is gone, those downturns figure to be deeper and longer...
No, they just need to adjust the basis for the investments now so they can tax the gains once the market comes back up. You have to be patriotic to want to spread the wealth around.
BTW, you can borrow up to half of your vested 401(k) up to $50k. The payment principle and interest go back into your account. Buy a car and make payments back to your retirement instead of bank profits. Buy or improve a house. Go to college. Start a business. Invest in things your 401(k) does not offer. So with 50k of my money and 50k of corporate match in the 401(k), I can borrow out all of my money to use elsewhere and still have the match in the 401(k).
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