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Dems should keep their grubby paws off Americans’ retirement savings
NY Post ^ | Aug. 7, 2021 | NY Post Editorial Board

Posted on 08/10/2021 3:36:00 PM PDT by NohSpinZone

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To: NohSpinZone
I seem to remember a plan that was put forth several years ago advocating the use of retirement savings called the Gilarducci plan. Many Republicans were in agreement with the woman that purposed it. Back then we commented that it would not be long before the politicians found another way to confiscate the wealth in savings.
61 posted on 08/10/2021 5:58:03 PM PDT by vetvetdoug
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To: rlmorel

“What are ya gonna do?”

We’ll be doing what our ancestors did during inflation or deflation:

“Rolling with the economic punches, wherever they come from.”


62 posted on 08/10/2021 6:15:16 PM PDT by unclebankster (Globalism is the last refuge of a scoundrel)
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To: Lurker

I have often said this. I expect the Democrats to raid retirement funds and leave ICU’


63 posted on 08/10/2021 6:17:28 PM PDT by carcraft (Pray for our County )
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To: NohSpinZone

I was pissed, then read the article, and found it would just cap IRA’s at $5M. Overages would be moved to normal equity accounts. And it is just douchebag Thiel. NY Post is garbage.


64 posted on 08/10/2021 6:25:44 PM PDT by ready2brd
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To: NohSpinZone

Once property starts being confiscated then it’s time.


65 posted on 08/10/2021 7:26:44 PM PDT by mikelets456
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To: Jim from C-Town
They really want to go after the accounts with between $500k - $1.5M. That is a lot of the accounts out there.

They always start at the top, then work their way down. At some point, they will just convert everybody's savings to government bonds and continue to inflate that value away.

They weren't kidding when they said "you would own nothing".

66 posted on 08/10/2021 7:46:25 PM PDT by Oatka
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To: butlerweave
The Democrats stole the US so everything is theirs now

That includes the Assistant Democrats who call themselves "Republicans".

67 posted on 08/10/2021 7:48:58 PM PDT by dfwgator (Endut! Hoch Hech!)
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To: Oatka

Help get the workers their first $500k. Allow 100% of wages to go into IRA’s. Let anyone GIVE into another account. Then they’re on their own.


68 posted on 08/10/2021 7:50:05 PM PDT by DIRTYSECRET
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To: NohSpinZone
Meanwhile, Democrats are desperate to figure out how to pay for all those left-wing agenda goodies

Exactly since when? They just got the Assistant Democrats to piss away $1.2 trillion with them in a bipartisan vote so they could get on with pissing away $3.5 trillion on their own through reconciliation. The only thing the RATS are desperate about is wrecking the country in every way possible.

69 posted on 08/10/2021 8:36:55 PM PDT by Dahoser (I finally figured out what to call him: Fakephonyfraudident Biden.)
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To: NohSpinZone

The Ant and the Grasshopper - Aesop


70 posted on 08/11/2021 4:00:55 AM PDT by octex
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To: NohSpinZone

More like proving their communist stripes just wait until they gain full power like China just did with Hong Kong they banned the teachers unions.
Socialism and communism don’t allow any unions period.

America last members stunned


71 posted on 08/11/2021 7:54:18 AM PDT by Vaduz (women and children to be impacIQ of chimpsted the most.)
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To: Hulka

I understand that. They want to attack wealth too.

That stuff leads to diamonds stuck up your rear end.


72 posted on 08/11/2021 9:47:55 AM PDT by Vermont Lt
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To: Vermont Lt

...diamonds stuck up your rear end.
____

Where would anyone go with their diamonds?

Today, diamonds can be manufactured. That was not true in the 1930s.

How much will it cost to be smuggled out of America, even if there was someplace to go? What do people do when entire global governance compliant countries, like Israel, are beyond travel advisories and become prohibited for entry by either side?

We need to admit this is a multi-front war and the enemy has gamed it out perfectly. They will use whatever weapons they have invented and not even told us about, while using our taxes to develop them.

Those who survive will own nothing and the rulers will be very happy.


73 posted on 08/11/2021 10:40:25 AM PDT by reformedliberal (Make yourself less available.)
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To: Vermont Lt

Yes sir. . .correct.

I saved and saved over the years, invested and now have a nice nest-egg when I fully retire in the next few years.

My wife and I sacrificed when saving for our future, went without the newest and flashy cars, expensive vacations, biggest home, etc. . .and now they are looking at taking it away from me? Yeah, “they” say only the very “rich” will be targeted, but we all know that is a sham. . .they will go after EVERYONE’s savings.


74 posted on 08/11/2021 10:56:37 AM PDT by Hulka
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