Posted on 05/12/2011 8:25:48 AM PDT by blam
I think it would be avisable to get all money out of the country right now. These guys will not stop until they take everything you have.
The government is in a pool of quicksand and will grab everything it can to try to stay afloat. It won’t work, and everything they grab will be taken down into the quicksand with them.
I hate the government the way it is “constructed” (or thrown together) every day.
Secession!!
Hopefully this all controlling monster can eventually be contained. Otherwise, it eventually eats us all.
Make no mistake.
Perfect analogy.
My advice is to look at your tax situation and do a 401k if it is beneficial. Otherwise just take the income and convert it into a personal savings account of gold, lead, stainless steel, silver, etc. I would choose the best crafted items of those materials to keep their value. Personally I like Morgans for silver and indian heads for gold, but I have other stuff that only has melt valuee.
I am going to hide my rocking chair and fishin pole! They are my retirement account.
A Black Hole. The Bates Hotel. Your assets check in but they don’t check out.
Wat happens when they no money left to tax? None!
If we stick with Obama, he'll have us all wearing potatoes the size of diamonds.
Okay, I’ll move my millions to a secret bank account in the Bahamas. Thanks for the tip.
lol....Vote Republican!
The government seizing my retirement account is a big concern of mine. With that said, this discussion came up between me and my friend who works for the Army Corp of Engineers (Captain). He told me that the federal government tried to take over federal employees 401K’s back in ‘95 or ‘96 (I think) when it was in a tight about to hit the budget cap, and the issue went to federal court and the court came down on the side of the federal employees and prevented the government from taking over their accounts. He said with that judicial precedent set, in his opinion, it would be near impossible for the feds to take over all our IRA’s, 401K’s, etc. That’s the first I’ve heard of that issue and wonder if we have other FReeper’s that can confirm or refute this.
and the "rioting" or leisure class that voted in droves for this administration will vote to take the retirement funds of the rich because they never take responsibility and never saved a dime
Did the RATs actually craft legislation to do just that or did they just talk about it?
They’ll just get a different judge. Once they are willing to pervert the legal system there is no stopping them.
Thanks but I wish it weren’t true.
How do you keep a country together when one half wants a gigantic nanny state that gives them everything, and the other half wants a government of reasonable size and to be left the heck alone? It’s worse than that, because people on both sides are conflicted about what they want and can’t let go of some utopian ideal.
Politicians have made promises to create that utopia. And people were foolish enough to believe and trust them.
I am sure you remember the Democrat National Convention in 1984 (IIRC) where none other than Jesse Jackson made a big speech extolling the idea of taxing pensions and retirement accounts. It is a prize they have had their eyes upon for some time now.
Of course, the obvious corollary to this would be for Boehner to propose and pass legislation to utterly prevent seizure or taxation of these types of funds. Call it the Safe Retirement Act. Make the ‘rats vote against such a measure. Make the Dear Leader veto it.
Heh!
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