Yeah, the looter class wants to get their hands on our retirements so they can stuff their own pockets with it.
The guy is nothing but a thief.
Why is there no question about this at the debates?
Why didn’t Trump or Pence bring it up?
Biden is a evil POS!
So is Kamala.
Neither one of them ever worked a hard day in their worthless lives.
The entire party is nothing but thieves.
If you save in non-Roth retirement instruments (401Ks or IRA’s) you usually are taking pre-tax dollars so you will owe taxes on the back end. If you save in Roth IRA’s or 401K’s, you have already paid the tax on what you deposit and the deal struck in law, so as to incentivize investment in the market, is that you dont pay tax on the back end.
Taking away the tax incentive for Roth, or the pretax incentive for non-Roth, either or both, will destroy investment incentive for millions of Americans of every class and color. Its an insane idea.
As are most leftists. But even if you aren't one of those nasty high earners and don't think it would affect you, or even benefit you, consider the end result.
Capital would be reallocated from investments which INVESTORS choose (which have to earn decent returns in the long run or investors will bail out) to investments which the GOVERNMENT choose.
Think of the "investments" which the political class has chosen. Most of it rewards political cronies or worse. Have we all forgotten about Solyndra and the ratholes of the ObaMao administration so soon?
Do you know that once upon a time, the District of Columbia had a great public school system and the segregated Negro school district actually outperformed the other public school district even though they were mostly using hand-me-down text books and school supplies. Why do you suppose that was?
Antifa wants to loot their parents IRA's and 401-K's...BLM wants to do the same: loot the parents of Antifa thugs...
Yeah, this is not really new. I distinctly remember Hillary! wanting something similar. I remember it because the way she said it was actually funny (if it weren't for the fact that she was trying to rob us of our retirement savings). She explained the plan and her closing comment on the subject was: "I want that money!"
So, it seems that the Dems have this for an objective no matter who is running.