I made my purchase of some donuts to take to work, it being Sunday and I thought it would be nice to have something to munch on. Just on a hunch I casually walked out to my ten year old pick up and watched the young lady hop in her new Mustang with the drive out tag still on it. That was my epiphany. Rather than go in and work all day Sunday, as is my mode during the winter, I got in my truck and took a ride and thought about the past thirty years of being in business and watching my wife and kids grow up and do without. I also reflected on the 90 hours weeks and employees whose faces reflected only the weariness and sadness of this country and what it has become.
Since then I have cut my hours down, let most of my employees hit the road and in general, and unintentionally, quit feeding the beast.
The beast will soon be coming for your IRA and 401k and if you have a business begin the long goodbye.
Kolar,
When almost 50% tax etc can be taken from Ira’s and 401k’s upon early withdrawal, I want to be d@mned sure that the govt is going to go after them.
That is why I asked garden mama who taught the class she attended, where she heard that the govt was going to grab the accounts.
Until I get my answer, I will keep my powder dry and NOT do anything rash