OBAMA'S FEDERAL NET WORTH REDISTIBUTION ACT

MY CONCERN

[MAGICAL CHICAGO CRIME PUPPET]

Wake up America! As incomes falter your nest egg will look ever more delicious to the tax and spend marxist super majority. Look for a Federal Real Estate Tax and Net Worth Redistribution Tax. Make no mistake it will be here soon! You won't only pay tax on the interest, but also on the principle. Is everyone sleeping?

[GaryLee1990]

I like that name - Magical Chicago Crime Puppet - one of Obama's many names.

RightWingIt.com

[jla]

Meanwhile, Obama and Patrick Ewing, er, I mean Michelle, snack on lobster and caviar; sip champagne before heading to their million dollar home. Hypocrites.

[King of Florida]

MAGICAL CHICAGO CRIME PUPPET

You win moniker of the year, hands down.

[carjic]

Glad to see that Drudge put it back up!

[Mr. K]

There have been SEVERAL mentions by the governmeent about taxing your 401K already

It is a short leap from them THINIKING about it (since there is proof of that) to actually DOING IT

Clintoon suggested it when he was in office, and Barney Frank recently suggested another tax on it.

that is why I don’t use a 401K. I will gladly pay taxes on it now, and then save it on my own.

[USMA '71]

Look for a Federal Real Estate Tax and Net Worth Redistribution Tax

Let me suggest that should these come to pass - there will be blood in the streets of DC.

[bassmaner]

Look for a Federal Real Estate Tax and Net Worth Redistribution Tax.

Might be fairly hard to sell to the super-rich elites who support the 'Rats out of misguided guilt (think Hollywood, blueblood types like Kerry and the Kennedys, etc.). But of course there would be special exemptions for them, the nomenklatura of the USSA to come. The rest of us, however, are f***ed.

[seowulf]

FEDERAL NET WORTH REDISTIBUTION ACT

Of course it won't be called that.

It will be called the Federal Unicorn and Butterfly Opportunity Gift Contribution Act For the Betterment of All Humankind.

[MAGICAL CHICAGO CRIME PUPPET]

Of course there will be rhetorical flourishes and embellishments. The skunk is in the hen house and he is sniffing the eggs!

[CaliforniaCon]

Absolutely!!! The redistribution is NOT just about so-called wealth or taxing the rich or even annual income tax increases — it’s about net worth, assets. Your 401K is no longer safe (what’s left of it), and no doubt home property taxes will go way up, if we are still allowed to own our homes, that is.

And yes, interest on other various accounts will cause you grief, too in the way of higher taxes imposed.

Just as the sales of guns and ammo are going through the roof, there is good reason why those huge home security safe sales are at an all time high. Sure beats stuffing money in the mattress.

[havamtn]

Well, Mr. Morriset, if you can “hang” Palin as a joke, you could certainly hang a “gay” — I mean, it is Halloween!!!!!

[RBroadfoot]

We already do pay tax on principal — it’s called inflation.

[RBroadfoot]

More like the Federal Unified Banking And Redistribution (FUBAR) Act, because in another four years and America with truly be FUBAR.