Posted on 11/03/2008 3:44:16 PM PST by Im4realamerica
If only they were that stupid.
the New School for Social Research
I wonder if this is an 0bama-Ayers funded type school. Sounds like it.
That gets my blood boiling.
they already said something about pulling ten thousand out tax free if Emperor Barry got in to encourage spending and economic growth. if he gets in, I will take it out and pay off debt and put rest in cds or an annuity, screw them and also look for away to go abroad with the money.
Everyone knows that only selfish people contributed to 401(k)s anyway. /s
If this happens you can expect the Dow to drop to around 2000.
This would kill the stock market like nothing else.
Take all the capital out of the Economy and give it to government.
This is a take over, have no doubt about it.
It’s a Marxist school.
It got my blood boiling too, but since this same article has been posted on Oct 22nd, 24th, 25th, 27th and 30th, all of my blood has evaporated by now. Note to OP: search box is your friend. Welcome to FR.
OH, yes, the “New School” has been a left-wing cesspool for decades. Originally founded by/for academic refugees from Nazi Germany....... amazing how little many of them appreciated the country that gave them freedom and opportunity b/c rather than study and promote FREEDOM they quickly turned back to their favorite leftist causes......the NSSR has been an academic breeder of activists and wannabe revolutionaries ever since.
It also has quite a nice cluster of Clintonistas on their board, as in Maggie Williams (Hillary stooge), Norman Hsu (is he in prison now??), etc.
Idiots.
The left-wing President in Argentina recently announced a govt. takeover of private pension funds in that country.
It’s a popular idea for leftists — let’s just take over everything.... b/c everyone knows your money is better off in the grubby hands of socialist bureaucrats!!
Sure Congress, go ahead and take my 401K, I’ll take your retirement plan in trade. Share the wealth, you know. /sarc
Yup. I just wanted to post so I can put Obamalamadingdong in my tagline. lol
Good strategy and I’ll second it. The only problem is there’s nowhere left to go in the world. Malachi Martin told us all about this in the late 80’s - early 90’s.
You haven’t started a 401k. How about IRA or Roth IRAs?
I haven’t heard the commies talking about them yet, but they are very similiar to 401k’s..
FWIW: If the rules don’t change (Big if with the commies coming) a Roth IRA is a good deal.
I’ve been putting money in a 401K for as long as I remember. I had a good chunk of change in there until a month ago. And I plan on leaving it there 10-15 years more.
I can see them changing future 401K rules. If they make us take money out that’s been put in there already, that’d totally suck. Sell at the bottom (a new bottom after the market tanks, DOW 2000), pay extra high taxes (current income + the deferred) and a good chunk of my future gone.
This will provide a way for the government to borrow money (from all the workers) and never have to pay interest exceeding 3.00%/year (0.25%/month).
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