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To: marshmallow
Will Obama and the Dems do this to 401ks and IRAs here? The proposal was floated during the XXX-42 administration to have a "one time" 15% tax on retirement accounts.
2 posted on 10/22/2008 8:29:10 AM PDT by KarlInOhio (Obama: Spread the Wealth = Marx: From each according to his ability, to each according to his needs)
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To: KarlInOhio

Argentina was about the 7th wealthiest country during WW2. Thanks to Peronism and endless corruption - the country is constantly broke. They screw bondholder retirees in Europe by defaulting on their debt years ago.

Obama and the Dems will tax 401Ks and IRAs even more than they already do once you get the money.


4 posted on 10/22/2008 8:32:32 AM PDT by Frantzie
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To: KarlInOhio

If they tried that here there’d be a popular revolt.


5 posted on 10/22/2008 8:32:53 AM PDT by farlander (Try not to wear milk bone underwear - it's a dog eat dog financial world)
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To: KarlInOhio
another scary scenario.....

I am too young to pull it out without penalty but too old to start all over again...

7 posted on 10/22/2008 8:35:20 AM PDT by cherry
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To: KarlInOhio

they will do it to fund reparations.


11 posted on 10/22/2008 8:41:44 AM PDT by fooman (Get real with Kim Jung Mentally Ill about proliferation)
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