So they're doing the next best thing, and taxing the survivors at an accelerated rate, because spending is going up exponentially, but revenue at most geometrically.
Good point. They are chipping away at protections until they are all gone. California is chipping away at Prop 13 property tax protections as we write.
They could tax everybody at 100% and not come close to satisfying their appetite for spending.
Keystone Keynesians
“Keystone” from the cops of the same name.
Bad times demand more spending.
Good times are an opportunity to spend more.
Lather, rinse and repeat.
By now we are way, way past pump priming and on to economic masturbation that would embarrass the sex fiend character in Dr Sax.
Wonder if establishing a Trust that could inherit IRAs (as opposed to non spousal heir) would make sense
I could always make withdrawals of my IRA during my lifetime and gift it to my kids, who could invest it for their retirement.
Or I could put it into a Life Insurance policy or Variable Life insurance policy. No tax on Life Insurance, but with a Variable policy, the money is still accessible, if needed for nursing home expenses etc.