Just the beginning. if he wins, your 401k is gone sooner or later. They have always dreamed of taking it.
“Just the beginning. if he wins, your 401k is gone sooner or later. They have always dreamed of taking it.”
That is the plan - they’ll turn it into an ‘annuity’, and the formula will be ‘progressive’, so a person with $500k saved up might get twice the monthly annuity as one with $100k.
Anyway...who care, I’m MAKING A STATEMENT and voting Libertarian, since there’s no difference between the parties (just kidding, but far too many people on our side think just that).
You bet the socialists are dying to get their hands on it.
They want to take from those who worked hard and saved all their lives and give it to those who did nothing but binge-watch Netflix all day long with a bowl of nacho chips and a bag of marijuana.
“Just the beginning. if he wins, your 401k is gone sooner or later. They have always dreamed of taking it.”
I watched Obama argue that saving was racist because white people disproportionately planned and saved for retirement.
The Communists hate it that the average person is financially independent. Absolutely hate it.
True.
So what happens if everyone pulls their 401Ks and just takes the tax hit now?
That's about 8 trillion dollars taken out of the economy.
They Both political have always dreamed of taking it.
FIFY
Yeah, I’ve already figured we need to start minimizing 401(k) holdings.