Dems (and the FBI) cannot imagine anyone having saved money without doing something nefarious because they do nefarious things to get money.
THAT is why they are aghast.
Your retirement savings are for your ex-wife who never contributed a penny to them. Everybody knows that, right Jamie?
I’m surprised the number of successful account holders isn’t higher.
The Democrats stole the US so everything is theirs now
Well, we’re no where near that much in savings. So I guess they’ll come for us last. The time to fight was in November/December, but we just stood and watched expecting someone else would do it. That is when we lost. JMHO
This has been their plan for years.
L
Just watch and the Dems will give haircuts to savings accounts by charging income tax rates against them.
It might be time to cash out. Eat the penalty but at least get out while you can.
That’s my red line.
How will they steal our retirement savings? INFLATION
“The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.”
Vladimir Lenin
Redistribution of wealth is the first step that makes it easier for government to seize all wealth for itself.
All that money invested in economic growth, leftists can’t stand it. They think it’s better to squander it on partisan rubbish which contributes only their own enrichment.
I wonder what Dave Ramsey has to say
I have a newsflash for you, they’ve discussed this once before in the house. Their intention is to take the private savings accounts, 401(k)s and other retirement income from ordinary citizens once this economy begins to collapse. And in return for that they will guarantee you an income.
This is nonsense.
What the feral government spends has absolutely nothing to do with tax revenue.
Their only desire is to buy votes with government money, and tax the bazooka out of the people whose votes they can’t buy.
The very definition of anarcho-tyranny.
So much has been stolen to buy votes, not much left.
Landlords property has been turned over to deadbeats, which in turn cuts the value of the property if and when you need to sell.
Closing millions of businesses and forcing the workers to sit home having their job stolen from them.
Inflation? Coming soon, big time to eat anything you have left.
If a joint session of congress was swallowed by the earth, I would not be bothered in the least.
I thought the plan was to kill them with obamacare related health issues and then confiscate their estates.
The “savings” will be taxed when they are withdrawn. What’s the big deal?
THIEVES! LOOTERS!
"When you see that in order to produce, you need to obtain permission from men who produce nothing – When you see that money is flowing to those who deal, not in goods, but in favors – When you see that men get richer by graft and by pull than by work, and your laws don’t protect you against them, but protect them against you – When you see corruption being rewarded and honesty becoming a self-sacrifice – You may know that your society is doomed."Then you will see the rise of the double standard—the men who live by force, yet count on those who live by trade to create the value of their looted money—the men who are the hitchhikers of virtue.
In a moral society, these are the criminals, and the statutes are written to protect you against them. But when a society establishes criminals-by-right and looters-by-law, men who use force to seize the wealth of disarmed victims, then money becomes its creators’ avenger. Such looters believe it safe to rob defenseless men, once they’ve passed a law to disarm them. But their loot becomes the magnet for other looters, who get it from them as they got it. Then the race goes, not to the ablest at production, but to those most ruthless at brutality.
According to Democrats, ALL money belongs to the government (them). They’re just nice and let us have some of it. (That’s why they use the term “tax expenditure” whenever a tax cut is enacted.)
$5 million doesn’t put one in the realm of the “mega-rich”. Heck, it would be a stretch to maintain a private airplane (something relatively new) on that.