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Targeting Your 401(k)
The Wall Street Journal ^
| 11/14/08
| editorial
Posted on 11/14/2008 10:44:12 AM PST by shortstop
You may have heard about Argentina's plan to nationalize private retirement accounts. Some Democrats on Capitol Hill are inspired, and with their big election victory they may get the chance to test Peronist ideas in America.
Meet Congressmen George Miller and Jim McDermott, who are eager to change the way Americans save for their golden years. They'll also be powerbrokers in the next Congress. Mr. Miller, who came in with the Class of 1974 from California, chairs the House Education and Labor Committee. Mr. McDermott, who has represented Seattle the past two decades, runs a House Ways and Means subcommittee on income security and family support.
(Excerpt) Read more at online.wsj.com ...
TOPICS: Business/Economy; Editorial; News/Current Events
KEYWORDS: 110th; 111th; 401k; beat401kstorytodeath; bho2008; democrat; democrats; digg; economy; finances; georgemiller; ghilarducci; ira; jimmcdermott; mcdermott; miller; moneygrab; obama; robbery; rothira; socialism; socialists; spreadingthewealth; taxes
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1
posted on
11/14/2008 10:44:12 AM PST
by
shortstop
To: shortstop
Targeting is such an apropos word..................
2
posted on
11/14/2008 10:44:44 AM PST
by
Red Badger
(Never has a man risen so far, so fast and is expected to do so much, for so many, with so little...)
To: shortstop
When this swindle picks up steam a 2000 DJIA will be considered high.
3
posted on
11/14/2008 10:45:52 AM PST
by
AU72
To: shortstop
You may have heard about Argentina's plan to nationalize private retirement accounts. Some Democrats on Capitol Hill are inspired, and with their big election victory they may get the chance to test Peronist ideas in AmericaYeah, because they LOVED the idea of voluntary privatization of Social Security.
4
posted on
11/14/2008 10:46:36 AM PST
by
Puppage
(You may disagree with what I have to say, but I shall defend to your death my right to say it)
To: shortstop
” test Peronist ideas in America”
With Michelle as our very own Evita.
5
posted on
11/14/2008 10:47:50 AM PST
by
Niuhuru
(Fine, I'm A Racist and Proud Of It!)
To: shortstop
Peronist ideasI think these are Marxist ideas.
6
posted on
11/14/2008 10:48:12 AM PST
by
mlocher
(USA is a sovereign nation)
To: shortstop
Once, there was a time where 401Ks did not exist and we survived, and when they exist no more, we will survive then also. Same goes for social security.
7
posted on
11/14/2008 10:49:02 AM PST
by
DonaldC
To: shortstop
How can the government confiscate my money like that? If they want to elimanate them and tax the amount as income that is one thing, but to outright sieze it? I guess I do not understand this whole proposal.
8
posted on
11/14/2008 10:49:12 AM PST
by
joe fonebone
(The libtard votes in every election, regardless of the candidate.)
To: shortstop
The proposal amounts to a 5% personal income tax increase. They want another 5% of your paycheck, on top of the social security taxes. They promise to invest it for we, the sheeplings.
This is disturbing. The intent is to take us to socialism, bit by bit by bit.
9
posted on
11/14/2008 10:49:51 AM PST
by
dashing doofus
(Those who are too smart to engage in politics are punished by being governed by those who are dumber)
To: mlocher
“I think these are Marxist ideas.”
Peron was actually a Fascist. Different kind of evil.
10
posted on
11/14/2008 10:52:01 AM PST
by
ChicagahAl
(So your bumper sticker says: "Don't blame me, I didn't vote!"? Duh!)
To: shortstop
When this nation is completely tanked, then we can flush the political class down the toilet and start over again!
11
posted on
11/14/2008 10:52:41 AM PST
by
IbJensen
(Obombazombies have given America to the Communists!)
To: shortstop
Once all your needs are met by the Fed Govt, why would private property be necessary?
To: AU72
When this swindle picks up steam a 2000 DJIA will be considered high.They'll blame it on Bush.
To: ChicagahAl
Peron was actually a Fascist. Different kind of evil.I understand.
14
posted on
11/14/2008 10:54:12 AM PST
by
mlocher
(USA is a sovereign nation)
To: DonaldC
Once, there was a time where 401Ks did not exist and we survived, and when they exist no more, we will survive then also. The ultimate strawman fallacy, "we will survive".
Unbelievable.
To: dashing doofus
“The intent is to take us to socialism, bit by bit by bit.”
The Democrats methodology of turning the US into a socialist, third world nation, via “incremental change” (aka bit by bit by bit) has been in effect for decades. Now that the Rats smell victory, the increments (or the bits) seem to be getting larger.
16
posted on
11/14/2008 10:56:30 AM PST
by
ChicagahAl
(So your bumper sticker says: "Don't blame me, I didn't vote!"? Duh!)
To: joe fonebone
“How can the government confiscate my money like that?... I guess I do not understand this whole proposal.”
I would suggest reading the Communist Manifesto and probably Mein Kampf as well. At least read the Cliff’s Notes versions. It’s all spelled out in there.
17
posted on
11/14/2008 11:00:17 AM PST
by
ChicagahAl
(So your bumper sticker says: "Don't blame me, I didn't vote!"? Duh!)
To: shortstop
18
posted on
11/14/2008 11:00:29 AM PST
by
rellimpank
(--don't believe anything the MSM tells you about firearms or explosives--NRA Benefactor)
To: joe fonebone
19
posted on
11/14/2008 11:01:09 AM PST
by
abb
("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
To: shortstop
20
posted on
11/14/2008 11:02:03 AM PST
by
gieriscm
(07 FFL / 02 SOT - www.extremefirepower.com)
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