Here is why the Democrats will do it here!
http://confoundedinterest.wordpress.com/2013/09/07/poland-seizes-retirement-accounts-to-borrow-more-tempting-fruit-for-us-politicians/
Just now doing 2012 taxes. Was I not paying attention of is this the first year that they ask for the full amount of my IRA? I don’t want to tell them but I want the deduction for my contribution.
Think about it. We will soon ALL be submitting our 1040’s electronically...and whether you’re getting something back or paying...they will have access to your bank account.
Poland was doing so well. This is very disappointing.
Coming soon to a country near you...
WARSAW, Sept 4 (Reuters) - Poland said on Wednesday it will transfer to the state many of the assets held by private pension funds, slashing public debt but putting in doubt the future of the multi-billion-euro funds, many of them foreign-owned
Good grief! What insanity!
http://www.freerepublic.com/focus/f-bloggers/3063807/posts
http://www.freerepublic.com/focus/f-bloggers/3063501/posts
http://www.freerepublic.com/focus/f-news/3063565/posts
This is going to do wonders for the banking business in Poland. As well as for capital formation in that country.
Buy votes of the free sh*t army is EXPENSIVE!
It would seem to me that the best speculation would be to short the Zloty versus the dollar; what moron in Poland wouldn’t move all their private funds to the U.S. this week, if not tomorrow? The Zloty will collapse.
I learned something very valuable watching the financial crisis in Greece. Large multinational banks are the best place to keep your money because if and when the government does decide to lock down and or confiscate the peoples bank accounts, you can still withdraw your money from locations your has in other countries.
Good information to remember.
Not positive but Hungary did the same thing.
They can do that because there’s a heavy gun law there.
And my banker wonders why I don’t contribute to my 401(k) anymore . . .
PING!
Poland’s government can spend your own money better than you can!
Nanny State PING!
Many will claim that this would result in armed rebellion in the US, however, I am still waiting for a sustained anger over the US government confiscating our physical beings via the ACA. Things have gotten awefully quiet out there.....