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Joe Biden wants to raid Americans’ retirement accounts: And not just the ones belonging to rich people. Here is the sneaky way he’ll do it
American Thinker ^ | 03/17/2024 | Civis Americanus

Posted on 03/17/2024 6:30:13 PM PDT by SeekAndFind

Before anybody can claim that I am circulating a conspiracy theory, or citing an unreliable “news” source, I am going to quote President Biden’s State of the Union address and his own website (whitehouse.gov) as the sources of this information.

I will then encourage readers to circulate this information as widely as possible via social media, letters to the editor, and talk radio to educate the public between now and Election Day.

The State of the Union address says in part, “Under my plan nobody earning less than $400,000 will pay an additional penny in federal taxes. ... It’s time to raise the corporate minimum tax to at least 21% so every big corporation finally begins to pay their fair share.”

The whitehouse.gov site adds, and emphasis is mine,

Corporations received an enormous tax break in 2017. While their profits soared, their investment in their workers and the economy did not. Their shareholders and top executives reaped the benefits, without the promised trickle down to workers, consumers, or communities. The President’s Budget would set the corporate tax rate at 28 percent, still well below the 35 percent rate that prevailed prior to the 2017 tax law. In addition, the Budget would raise the Inflation Reduction Act’s corporate minimum tax rate on billion-dollar corporations that the President signed into law from 15 percent to 21 percent, ensuring the biggest corporations pay more of their fair share. These policies are complemented by other proposals to incentivize job creation and investment in the United States to help ensure broadly shared prosperity.

We Have Met the Corporations, and They Are Us

Biden must really agree with Barack Obama’s position that most people who live outside deep-blue Democrat strongholds like New York City, Los Angeles, Chicago, Boston, Philadelphia, and so on as bitter, small-town people

(Excerpt) Read more at americanthinker.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: 401k; biden; bidenomics; corruptjoe; fjb; inflation; ira; retirement; theft
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To: wgmalabama

You know what they want? They want obedient workers. Obedient workers. People who are just smart enough to run the machines and do the paperwork, and just dumb enough to passively accept all these increasingly s____ier jobs with the lower pay, the longer hours, the reduced benefits, the end of overtime and the vanishing pension that disappears the minute you go to collect it, and now they’re coming for your Social Security money.

They want your retirement money. They want it back so they can give it to their criminal friends on Wall Street, and you know something? They’ll get it. They’ll get it all from you, sooner or later, ‘cause they own this place. It’s a big club, and you ain’t in it.

-George Carlin


61 posted on 03/18/2024 6:51:35 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: SeekAndFind

Joe Biden wants to raid Americans’ retirement accounts.

It’s only the first stage of socialism fear not he has refined the system to work this time.


62 posted on 03/18/2024 6:59:32 AM PDT by Vaduz
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To: jeffersondem

> inflation

That’s it.


63 posted on 03/18/2024 7:15:17 AM PDT by old-ager
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To: where's_the_Outrage?

You’re on target.


64 posted on 03/18/2024 7:38:47 AM PDT by Mathews (I have faith Malachi is right!!! Any day now...)
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To: Secret Agent Man; SeekAndFind; 4everontheRight; 4Liberty; 5thGenTexan; 45semi; 101stAirborneVet; ...
Secret Agent Man :"Those corporations raise their prices to cover the tax increases
So the people do wind up paying them when they buy the goods and services
Joe knows this, all socialists know it
Time to not let them slide on this crap
Its a pass-through to consumers/customers "

I think this is subtle thievery, worse than even the inflation by this administration
People are living off their credit cards now, and this increase will cause unprecedented nationwide bankruptcies.
We are already increasing the national debt by 1 trillion dollars every 100 days.
This is ludicrous !
And we don't even know who is running the country ?

65 posted on 03/18/2024 10:10:44 AM PDT by Tilted Irish Kilt
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To: Lazamataz

You never told me you had money! Can I build you a sandwich? ;)


66 posted on 03/18/2024 10:17:18 AM PDT by Diana in Wisconsin (I don't have, 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set. )
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To: Tilted Irish Kilt
[We are already increasing the national debt by 1 trillion dollars every 100 days.]

ATrillionDollars

67 posted on 03/18/2024 10:20:26 AM PDT by Col Freeper (Praise and Trust in the LORD in All Things at All Times.)
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To: Tilted Irish Kilt

“And we don’t even know who is running the country ?”

Sure we do.

The lowlife, subhuman, hate-America, murderous leftists, commies, liberals, socialists, progressives, Marxists, fascists, anarchists etc etc etc, are hard at work, everywhere.


68 posted on 03/18/2024 10:23:44 AM PDT by Carriage Hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
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To: Lazamataz
When — not if — Biden steals 2024, he will be instructed by Obama to raid, outright, all 401ks and Roths.

"When — not if — Biden steals 2024"

And that is exactly why I suspect that all this chatter about the democrats having buyers remorse over their two losers, Biden and Kamala, is just more misdirection.

IMHO the democrats will have fine-tuned their 2020 election stealing technique and will cheat this November to whatever level is required to steal the 2024 election.

And it will be done in an even more sophisticated, less obvious, less detectable way

Don't be surprised if the Biden-Harris ticket pulls in 90 million "votes" or more this time around.

Why not? - They know they can get away scot-free again.

After all - Not one of the top dogs behind the 2020 steal went to prison!


69 posted on 03/18/2024 10:31:44 AM PDT by Iron Munro
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To: SeekAndFind

Hate to tell him, but he can’t take it with him.


70 posted on 03/18/2024 10:35:42 AM PDT by bgill
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To: Secret Agent Man

Call him on this?!

The POTATUS isn’t running this bleep show.

Take it up with the people who installed him.


71 posted on 03/18/2024 10:38:20 AM PDT by mewzilla (Never give up; never surrender!)
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To: SeekAndFind

During my 32 years of teaching I was able to squirrel away some every pay check (TSA) As my salary increased put in a little more each pay rise. That b@st@rd better not screw around with it.I went without holiday trip to plan for my future.


72 posted on 03/18/2024 10:40:15 AM PDT by mware
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To: DouglasKC
Better take your money out of your 401k.

No way to do it with out taking a huge hit in penalties and taxes. If there were a way to do it and avoiding that clubbing...or minimizing it...I'd have done it.

There are vehicles such as digital currency but...there are the penalties and taxes.

73 posted on 03/18/2024 10:53:25 AM PDT by Bloody Sam Roberts (The Truth is like a lion. You don't need to defend it. Let it loose and it will defend itself.)
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To: Bloody Sam Roberts
No way to do it with out taking a huge hit in penalties and taxes. If there were a way to do it and avoiding that clubbing...or minimizing it...I'd have done it. There are vehicles such as digital currency but...there are the penalties and taxes.

Pay some now or lose it all later...

74 posted on 03/18/2024 10:58:47 AM PDT by DouglasKC
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To: DouglasKC
Agreed. But my wife won't hear of it. She thinks it's safe where it is. I protested her position in 2008 before thing went in the shitz and we took 50% hit.

I've considered bringing that up during our retirement planning but it's an unwinnable fight.

75 posted on 03/18/2024 11:18:24 AM PDT by Bloody Sam Roberts (The Truth is like a lion. You don't need to defend it. Let it loose and it will defend itself.)
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To: lewislynn
Now, after Biden tax increases, will you (as some here suggest) increase your prices/fees?

Can't raise prices as much as taxes/inflation are going up without alienating customers, who are perfectly willing to give up on quality past a certain price point and switch their loyalty to cheaper offshore alternatives. We just have to do more with less - specifically, with fewer employees. They can move to California and get one of those abundant $20/hour fast food jobs, I suppose.

76 posted on 03/18/2024 11:23:55 AM PDT by Mr. Jeeves ([CTRL]-[GALT]-[DELETE])
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To: Col Freeper

That puts it in perspective, doesn’t it?


77 posted on 03/18/2024 12:34:38 PM PDT by metmom (He who testifies to these things says, “Surely I am coming soon.” Amen. Come, Lord Jesus…)
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To: Iron Munro

See my tagline.


78 posted on 03/18/2024 1:58:57 PM PDT by Lazamataz (We are so screwed. We are so screwed. We are so screwed. We are so screwed. We are so screwed.)
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To: Lazamataz


79 posted on 03/18/2024 2:11:33 PM PDT by Iron Munro
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To: Iron Munro

No, I am not saying that we are really screwed.

What I am saying is that we are so screwed.


80 posted on 03/18/2024 2:26:12 PM PDT by Lazamataz (We are so screwed. We are so screwed. We are so screwed. We are so screwed. We are so screwed.)
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