This is not only hitting retirement accounts, it is hitting all Americans, especially the lower income ones.
Anyone with any education in economics will tell you there is no such thing as a corporate tax. Oh, you can call a tax a corporate tax, and you can make corporations pay it, but they will either pass it on to their customers, go bankrupt, or move operations to a country with lower taxes.
Price increases are paid by all customers, rich and poor. But they take a higher percentage out of poor peoples’ income. A regressive tax. Moving operations to other countries causes job loss.
The only problem is that the average Joe is too lazy - ignorant - preoccupied to pay attention for even the 30 seconds it takes to tell him why it is a regressive tax and why it is bad.
well they already have a sneaky way to steal IRAs, bank accounts and etc., and that is by printing money. Printing money devalues all saving without the risk of directly taking it. Their spending is at a point where there’s just not enough money to support multi trillion dollar budgets.
Been going on for years... it’s called taxes.
bttt
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.
Hate to tell him, but he can’t take it with him.
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.
ha! retirement. Im going to work til noon on the day i die. thats my retirement plan