Heard a colorado congressmen (D) say years ago that they are subsidizing your emplorer paid health because they don’t tax it. They are planning on taxing the gains in your 401k.
well, they tax the gains as income when you take out money.
Plus you don’t get to declare losses and you don’t get advantage of lower cap gains. But I guess you do have the advantage of a lower tax rate in retirement.
what the govt is saying is that they are “giving us” something with a tax deduct and that we are too dumb to deal with our portfolios. So the gov should manage them.
I guess if they end up with all the banks and financial services and health care,,they can invest our money in their stock.
They are planning on taking your 401k, and giving you an IOU called a T-bill, then won't let you cash that bill in until you reach 70. Then they will only give you a "supplement" to you SS check until you die, at which time the leftovers will be confiscated by the government, not your family...................