"We are going to do it to YOU.
BUT our families and Moslems will be exempt."
"We are going to do it to YOU.
BUT our families and Moslems will be exempt."
Feds eye retirement-fund tax to cut $16 trillion-plus deficit
http://www.nypost.com/p/news/business/plunder_CrD9s6MElVsEIJj2IVgHuK
Are Democrats Eyeing 401(k)s, IRAs for Tax Hit?
Maybe Obama’s already looking to Argentina for inspiration.
Google “Teresa Ghilarducci” and learn why she’s been called “The Most Dangerous Woman in America.”
This is something that they have been talking about for a years. I didn’t know the part about making the IRA’s non- transferrable upon death as well. Good grief!
The pool of money in 401(k) and IRA accounts is ginormous.
There’s no way the looters in D.C. can avoid thinking and dreaming about such a treasure chest. But they won’t make their grab directly. That would draw too much heat.
Instead, they’ll tack an amendment onto a “mom-and-apple-pie” type of bill, or a Defense appropriations bill, then we’ll wake up one morning with the bill already signed and the trucks backing up to our financial institutions. Or a tax on any and every transaction you can imagine however loosely related to your retirement money.
Either that or Barry gets a 2nd term and just does so via Executive Order. (anyone who objects is an evil “1 percenter”.) I think the eventual plan is to seize all 401K assets and replace them with a “guaranteed Federal pension” for everyone. One that is “fair”.
Yep.