Posted on 05/05/2010 6:18:06 PM PDT by Rusty0604
The Department of Labor is still eyeing a private savings takeover (most likely to fund debt and public pensions). Thankfully a few members of Congress are not ignoring it. Letter at link.
Either they no longer fear the citizens period or conservatives aren’t doing a good enough job of getting the word out on this.
This should be the #1 topic on all talk shows. America needs to know now, while there’s time to stop it.
OPPOSING NATIONALIZATION!!? Is that all? The entire country should be forewarned that thieves are at their front door.
They should be satisfied enough that they already squandered all my Social Security taxes for the last quarter century, but now they want my 401(k) too? When it comes to greed, liberals are the champions - and their greed is never satisfied.
Should mail them some gunpowder instead of a letter.
I will quit my job and take my money (less taxes and penalties of course) before I let them steal it.
If they pass this bill, I’m cashing in my retirement accounts before the grand snatch goes into effect. The question is: invest in gold or in lead? The answer is obvious, and I suspect even the socialists know which way most Americans will go.
HCR raised the penalties on early withdrawals from HSA’s to about 20%
No bill yet as far as I know, a couple of weeks ago it was put to a Presidential committee for discussion.
Is there anything government can't do to you in the age of Obama?
Payback for all those evil racist white guys for things the Klan did. Hey wasn't the Klan the presidents party's terror and enforcement wing?
“HCR raised the penalties on early withdrawals from HSA’s to about 20%”
Do you know if the penalty is waived for over 59 1/2 year olds as the 10% was/is?
I have no idea, I only retain tiny bits of info at a time. :o)
Why choose one over the other? The wise investor has already invested in a good supply of both.
I have spent a career In which I made an average salary, and due to investing at an early age and the magic of compounding, making investment decisions and taking incredible (but calculated risks), my wife and I are now a high net worth individuals.
If my government did try to do this, I would first try to leave the country with my family and savings. If I could not leave, I cannot say in polite company what this would mean, but it would not be pretty.
The mere insinuation of this is so third worldish, and what is scary is many of the US citizens who have no assets and pay no taxes would probably support it.
Oh, I see, you must be in my age bracket! LOL
I have spent a career In which I made an average salary, and due to investing at an early age and the magic of compounding, making investment decisions and taking incredible (but calculated risks), my wife and I are now a high net worth individuals.
If my government did try to do this, I would first try to leave the country with my family and savings. If I could not leave, I cannot say in polite company what this would mean, but it would not be pretty.
The mere insinuation of this is so third worldish, and what is scary is many of the US citizens who have no assets and pay no taxes would probably support it.
Unfortunately I’m probably not. I’ll be totally senile and incontinent by 45, I swear. lol.
“The mere insinuation of this is so third worldish...”
It is the plan after all!
Third world toilets are no fun; the people work like slaves and get little in return; so... let us all be aware and awake!
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