Here is the exchange I had with my friend John Meehan back on May 4th. (He is retired now, but used to manage large pension funds.)
From: John Meehan
To: [Matchett-PI]
Subject: Re: White people need to give up their 401ks in the interest of racial justice.
Date: Tue, 4 May 2010 18:13:04 -0400
[Matchett-PI] —
This (the links you send below) is (are) diabolical.
Apropos of such shocking, shocking ideas, coincidentally my biweekly article this week discussed TSP. If you know what that is, you are a Federal-government employee (that includes Congress, the White Houses and its agencies) or a member of the military. I have never seen any publicity about it in any media anywhere. One of my paying subscribers mentioned it to me many months ago, wondering if I could write one of programs for people like him who was (is) in the federal system and not pleased the results.
It’s something you may want to be aware of!
Go here— http://www.advanced-stock-selection.com/tip78z.htm
Ciao,
~John
-—— Original Message -——
From: [Matchett-PI]
To: [email lists]
Sent: Tuesday, May 04, 2010 12:09 PM
Subject: White people need to give up their 401ks in the interest of racial justice.
“Curiously, one of Obama’s ideas for “change” taxing 401k’s tracks rather neatly with radical redistributionist Phather Phleger’s call for white people giving up their 401ks in the interest of racial justice.”
Those of you on my email lists will remember that I began sending you warnings about this in 2006 (That email is referenced in my post #56 below)
Here are all of my posts so far today on this subject for those interested:
http://www.freerepublic.com/focus/news/2506285/posts?page=52#52
http://www.freerepublic.com/focus/news/2506285/posts?page=56#56
http://www.freerepublic.com/focus/news/2506285/posts?page=61#61
http://www.freerepublic.com/focus/news/2506285/posts?page=69#69
Republicans Sound Alarm on Administration Plan to Seize 401(k)s
http://www.freerepublic.com/focus/news/2506285/posts
maybe luckily for most TSP holders, civil servants of certain pay grades are unionized and many high rankers are politically apointed or connected- so seizing TSP accounts to pay benefits to other unions seems antithetical
But this talk about how only “rich” people have 401’s and IRA’s andf stocks and savings, based on exploiting poor people who have no advantages
is getting louder and more persistent. What will be big labor do when the market crashes and they have to find money to pay off their members?
I am just holding my breath the citizens of this country can pull it out of this marxist nosedive starting by November
Thanks for keeping up with the 401K grab as I have. I had actually emailed Rush the day before he talked about it on air. I also emailed George Miller (my congressman) and told him exactly what I thought about it.