For every dollar these pricks steal from my retirement,I will give a dolar to anyone who opposes them.They’d back off pretty quick if a majority of people would do the same.
Obama wants to use a different formula to calculate inflation that is much lower then current methods. Soc Sec retirees would get a smaller COLA, but worst it will be applied to tax tables, making many middle class workers into high income earners (for tax purposes) much faster.
This means that if you have 3 million in retirement you stop getting the additional money tax deferred. Nobody is doing the tax deferred anymore anyway. Everyone is in Roths. Who cares about this. Only an idiot is going traditional IRA now a days anyway.
bkmk
IF the commies try to scalp these retirement funds, they better get it all because they’ll only going to get one chance. After that, nobody will put any more money into these funds anymore. They are playing with fire and fixing to get burned.
There are trillions of dollars invested in various retirement accounts and pension funds. As our government bankrupts itself and creditors refuse to bail it out, look for the Marxists in power to begin justifying outright theft of the funds in the name of “economic justice.” There’s a limit to how much wealth an individual needs or should be “allowed” to accumulate when there are so many in desperate need (don’t you know).
Pursuit of happiness? You betcha. For the central planners (traitors and thieves) and their constituents, ie, the takers.
So, if I can put $500 into a tax deferred account then the rules change and it’s capped at $400, wouldn’t I only put $400 into the next one?
I admit I’m not an economic genius.
Of course. Anybody who thinks that these bastards will not take hard-earned savings from honest people and give them to indolent slobs who vote democrat is a fool.
They think that NO ONE should receive more than 200 thousand a year. The rest should go to the government.
Except that the ruling elite will get more than 200 thousand. The ruling elite will get as much as they want while they look down their noses at the hard-working people.
It will be called a “tax” or be hidden in some complex formula that the average TV watching jerk will not be able to understand.
All these socialist plans are a win-win for the communists. Either they impose the plan or they get people riled up. Not just conservatives are getting riled. A lot of the democrats (the ones who are employed and paying attention) are beginning to notice, too.
Eventually someone will go postal and that will be another “unwasted crisis” for the gun grabbers.