Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Congress Is Coming for Your IRA
The Wall Street Journal ^ | July 9, 2019 7:06 pm ET | By Philip DeMuth

Posted on 07/20/2019 12:54:26 PM PDT by BradtotheBone

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 ... 121-126 next last
To: BradtotheBone

“If President Trump signs the Secure Act into law...”

American Citizen Trump had a lot of his wealth confiscated by Mother Government through the years.

I’m leaning towards him NOT signing this into law.

A lot of bluff and bluster and fear-mongering by Never Trumpers at the WSJ.


21 posted on 07/20/2019 1:17:39 PM PDT by Diana in Wisconsin (We come from the earth, we return to the earth, and in between we garden.~Alfred Austin)
[ Post Reply | Private Reply | To 1 | View Replies]

To: BradtotheBone

the proposal as described seems more than fair to me (personal opinion) as IRAs are supposed to be for the saver’s retirement, not descendants

having said that probably-unpopular thing, I am for relaxing all the regulations on iRA’S and keeping them non-taxable permanently, no more limitations on tax-free contributions and no more taxation of whatever you do save up or take out of your IRA

we need a lot more savings, thrift in America if our economy is to continue its recovery..........a lot more.,,
and removing the restrictions and taxes on IRAs will be a quick and easy way to achieve this, imho.


22 posted on 07/20/2019 1:18:22 PM PDT by faithhopecharity ( “Politicians are not born; they are excreted.” Marcus Tullius Cicero (106 to 43 BCE))
[ Post Reply | Private Reply | To 1 | View Replies]

To: rintintin

How about you stop with the “Bush’s” Iraq ear?

It’s just as much my war as Bush’s, and I demand equal credit.


23 posted on 07/20/2019 1:20:07 PM PDT by Hugh the Scot (I won`t be wronged. I won`t be insulted. I won`t be laid a hand on. - John Bernard Books)
[ Post Reply | Private Reply | To 12 | View Replies]

To: Rurudyne
"The DNC is a domain of scum, perverts and conmen ... what happens when lawyers iuntellectually interbreed with communists and socialists ... on steroids."

The vote was 417-3. This means that the Republicans are in on it too.

This can only be stopped in the Senate. Tell your Senators to vote against this bill.

24 posted on 07/20/2019 1:20:41 PM PDT by fella ("As it was before Noah so shall it be again,")
[ Post Reply | Private Reply | To 4 | View Replies]

To: BradtotheBone
When obammy gifted the residual of General Motors to his labor union donors in violation of every existing bond resolution and covenant he sent the signal that nothing is safe when the government wants more money.
25 posted on 07/20/2019 1:21:40 PM PDT by immadashell (Save Innocent Lives - ban gun free zones)
[ Post Reply | Private Reply | To 1 | View Replies]

To: BradtotheBone

I cashed in my IRA last year and bought a house. Now the house is income property.


26 posted on 07/20/2019 1:21:40 PM PDT by BuffaloJack (Chivalry is not dead. It is a warriors code and only practiced by warriors.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Hugh the Scot

How about you stop with the “Bush’s” Iraq War?

That’s what Trump calls it. He also calls it one of the stupidest decisions in history of US foreign policy. I respect that you disagree. But you might want to email Trump, not me


27 posted on 07/20/2019 1:22:17 PM PDT by rintintin (q)
[ Post Reply | Private Reply | To 23 | View Replies]

To: rintintin

The wars are nothing compared to the welfare state jackpots,


28 posted on 07/20/2019 1:23:22 PM PDT by fella ("As it was before Noah so shall it be again,")
[ Post Reply | Private Reply | To 12 | View Replies]

To: Flash Bazbeaux
Hey, that's pretty good. You sure you ain't the smartest guy in the world?
29 posted on 07/20/2019 1:23:39 PM PDT by thesharkboy (Charter member of the Basket of Deplorables)
[ Post Reply | Private Reply | To 11 | View Replies]

To: Diana in Wisconsin

Congress appears to have enough votes for a veto override on this bill.


30 posted on 07/20/2019 1:24:31 PM PDT by reg45 (Barack 0bama: Gone but not forgiven.)
[ Post Reply | Private Reply | To 21 | View Replies]

To: Hugh the Scot

Bush’s Iraq Ear? I’ve heard of the War of Jenkin’s Ear but this is new!

https://en.wikipedia.org/wiki/War_of_Jenkins%27_Ear


31 posted on 07/20/2019 1:25:24 PM PDT by Pelham (Secure Voter ID. Mexico has it, because unlike us they take voting seriously)
[ Post Reply | Private Reply | To 23 | View Replies]

To: fella

$7!trillion - the cost of our Mideast wars - is “nothing”?

It used to be only liberals who said trillions in federal spending is no big deal.


32 posted on 07/20/2019 1:25:35 PM PDT by rintintin (q)
[ Post Reply | Private Reply | To 28 | View Replies]

To: All

Our rulers want poor people to dictate to. That way your to busy working on survival to revolt.


33 posted on 07/20/2019 1:26:28 PM PDT by Retvet (Retvet)
[ Post Reply | Private Reply | To 1 | View Replies]

To: rintintin

We have enough muslims now without adding one more.


34 posted on 07/20/2019 1:27:53 PM PDT by sport
[ Post Reply | Private Reply | To 27 | View Replies]

To: I want the USA back
"They never give without taking, and expanding their control over you. There are no free things from those bastards. How can we make them follow the rules they impose on us?

"The old saying about "when the people fear the government, you have tyranny and when the government fears the people, you have freedom" comes to mind. We need the government to fear the citizenry and nothing seem to be going in that direction now.

35 posted on 07/20/2019 1:29:00 PM PDT by Truth29
[ Post Reply | Private Reply | To 13 | View Replies]

To: BradtotheBone

Wait until they start ranting publicly that retirement savings has been achieved at the expense of minorities. THEY are eyeballing our savings.


36 posted on 07/20/2019 1:31:35 PM PDT by King Moonracer (Tag, you're it.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: fella

I’m not praising the Republicans, whom I consider quislings in their efforts to get along with Democrats, but do you think this would see the light of day if the Democrats didn’t have the House?


37 posted on 07/20/2019 1:32:09 PM PDT by Rurudyne (Standup Philosopher)
[ Post Reply | Private Reply | To 24 | View Replies]

To: CrazyIvan

The US already has socialism built into many programs (income taxes, financial aid) and there is no reason this won’t occur with retirement savings. As it is, you’ll pay taxes on some retirement income if your income is over $x dollars. They’ll simply keep lowering that amount (while pushing retirement back further and reducing the purchasing power of the money they do give out).

This system is designed to keep most people within their assigned income caste; any sector in which the laws of supply and demand push salaries higher will quickly be flooded by foreigners. Also, ObamaCare has forced plenty of people I know with the money to retire at 62 to keep working until 65 very specifically because they can’t afford the available healthcare (once they don’t have an employer plan). While Pelosi insisted ObamaCare would separate health insurance from employment, it had exactly the opposite effect - it forced people to cling to their employer plans more than ever (since the other plans were unaffordable AND unusable).


38 posted on 07/20/2019 1:32:13 PM PDT by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
[ Post Reply | Private Reply | To 5 | View Replies]

To: sport

“We have enough muslims now without adding one more.”

Every one of our Mideast wars brings more Muslim refugees to the US. Next up: Iran.

I have a friend who said to me we need to fight Iran in order to protect Israel. Now, I support Israel big time, but Israel doesn’t take the Muslim refugees from our Middle East wars. Also, our Mideast wars have weakened our economy by running up our deficits and debt. Israel doesn’t need its best ally to be weakened


39 posted on 07/20/2019 1:32:43 PM PDT by rintintin (q)
[ Post Reply | Private Reply | To 34 | View Replies]

To: faithhopecharity
"the proposal as described seems more than fair to me (personal opinion) as IRAs are supposed to be for the saver’s retirement, not descendants"

Fair? What? You do realize that the money in these IRA's and 401K's BELONGS to the people who own them and NOT the government. The government gets it's part when they tax your income from these funds. Passing legislation which essentially assumes any sort of control over these funds by the government is out and out theft of personal property. You call this fair?

40 posted on 07/20/2019 1:33:45 PM PDT by Uncle Sham
[ Post Reply | Private Reply | To 22 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 ... 121-126 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson