I have never bought a gun. If they start hacking away at my 401k rights, I just may. I have lost so much freedom already.
later
“....conclude that these retirement planning programs will cost the federal government about $600 billion in lost revenue over the next five years.”
Again the government believes that IT has a God Given right to tax anything and everything as it sees fit. Such ideas must be beaten out of their heads or we will eventually need to abolish the government.
They'd have to have been smoking a lot of joints to think that this will fly with middle America.
“...these retirement planning programs will cost the federal government about $600 billion in lost revenue over the next five years.”
Bulls#it. This is not “lost revenue”. They were never going to get it, so they can’t “lose” it. If the author were being honest, this phrase would read “...these retirement planning programs represent an additional $600 billion revenue potential for the government over the next five years.” But they can never write that, because it exposes the government for the parasite it really is.
They want to crash the stock market too. Because the employment scene and housing market are not enough.
CONgre$$ and the WH are a clear danger to this country and its financial future.
They just can’t kick their addiction for OPM.
I doubt they “cost” the government anything. First of all they tax too much and are stealing our money as it is. Secondly, by allowing people to invest more of their own money these people become less dependent upon government handouts which should be a good thing for government.
Or, to paraphrase John Bigboote (that’s Bigboo-TAY!), “It’s not your goddamn money, understand, monkey boy?”
Why are socialist so fixated on five year plans?
What the ass hats are forgetting is that money is INVESTED IN THE ECONOMY. Not to mention the municipal, state, and FEDERAL bonds that are bought with some of this money.
The money that poured into the markets beginning in the early 80's was the primary driver of the phenomenal growth and advancement in the last three decades.
Of course they should. But only as part of a constitutional amendment outlawing income taxation at all levels of government — federal, state, local, and international (enforced by nuclear weapons financed with a consumption tax).
No aisle-crossing on this, pubbies. I mean you, McLame, your pal Lindsay, the Maine twins, and any of their possible ilk.
This is why I think a Roth IRA is a dumb idea - because by the time you hit 70, they willl change the rules so they can tax you. May as well realize a tax deduction upfront.
That’s the big pile of money.
Don’t all spending and tax bills have to originate in the Congress? Don’t the Republicans have charge of the Congress at this time?
Note to congresscritters: keep your sticky paws out of my 401 and out of my mortgage deduction. Stop Spending!
The Ruling Class has put itself in a box. Anything they do causes big problems. If they raise taxes to close the deficit, we go into a much bigger recession than we are in now and tax revenues go down. If they reduce spending, same result plus, they have a harder time buying campaign contributions and workers from power-broker groups like labor unions. If they reduce 401k incentives to close the deficit, they tank the market and start a bigger recession than we already have.
It all goes back to uncontrolled spending and excessive debt over many years.
“....conclude that these retirement planning programs will cost the federal government about $600 billion in lost revenue over the next five years.”
It’s NOT your money you bloodsucking bast***s!
I keep thinking they won’t stop with just the 401(k)’s; for real class warfare to break out, they’ll just start taxing overall assets/net worth to “redistribute”. That is, if anybody who has worked hard still has any assets to steal by that point.