Posted on 02/03/2014 5:55:59 AM PST by Kaslin
This is not your Bismark America, this is another Cuban scam.
MyRAs are a way to sucker poor people into giving their savings to the government in preparation for the nationalization of the pension system. This country is so addicted to spending that its coming.
Anyone that thinks this is anything more/less than another way to fleece people is a fool.
If its the wrong thing to do, count on us to do it. Nowadays the more absurd something is, the more likely it will be implemented.
All I need to know about MyRAs is that it is a rat proposal and therefore, not good.
When Germany wanted their gold back they were refused.
Once implemented, all Obama has to do is trigger a plunge in the stock market, and people will be jumping into MyRAs like rats off the Titanic.
“the money collected would be invested in “guaranteed” government bonds.”
There is no “guarantee” on anything when it comes to dealing
with communist government officials, especially Obama.
The goal is to get this passed and then force everyone to
roll all their retirement into this and then eventually
roll it into Social Security. In other words, they want
all retirement accounts put in the governments general fund
so they can blow it. If this goes through, the next thing
will be physical personal property. The goal is that you
will not be allowed to own anything, not even yourself.
It’s communism 101, and we are steadily marching right
into it.
The early word on the street is that the Obama administration is going to build a website where you can log in and sign up for your MyRA account. You’ll have to enter your SSN, checking account number, and some other personal info, but it’s all cool.
Only the opening probe in the move to get ALL RETIREMENT monies scarfed up by the Government.
All MyRA is going to do is to eventually steal all IRAs and force them to roll into MyRAs and steal the surplus, just as they do now with excess Social Security and Medicare tax revenues.
They're not intended to help anybody save a darn thing.
They're a vehicle for our government to eventually confiscate 401Ks and IRAs.
The problem is - what do you do with the elderly poor who, culturally, morally, or intellectually didn’t have the wherewithal to save for the period when they could no longer work?
I know the simple answer is “screw ‘em, they should have”, but can we really do that?
The harder answer is to try to get them to see earlier on the consequences of spending every dime that passes through their fingers. But, if you could do that, you’d be solving the entire poverty problem as well.
For the majority of working class people in this country, there’s not much in the way of disposable income these days left to invest in anything. People can barely make ends meet, and often that means buying on credit or “borrowing” from savings. I just don’t see where the money comes from to “invest” in MyRAs.
In Obama’s Amerika only the wealthy have money and they’re too smart to buy low returning investments and watch the value of their assets being eaten up by inflation.
MyRA - by the people that brought you Social Security, and with the added help of the IRS.
What could possibly go wrong?
exactly - it is a wealth distribution scheme.
Everyone has a fundamental right to a secure retirement, right? (gag)
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