Posted on 05/04/2010 7:43:39 AM PDT by ConjunctionJunction
Ummm, wasn’t Social Security supposed to be a “Guaranteed Retirement Account”. We all see how well that turned out.
All the more reason to modify the AMT to that everyone must contribute 10% of their income and no “credits” or “earned income” will drop the amount of tax below that 10% requirement
bttt
Turn it into checks and get a locked security box at the bank. They'll have no idea what's in there.
the govt encouraged us to save and be more self sufficient...
the contributions to roths and 401's FUELED the stock market for the last 20 yrs...
as I see it, it was a great service to the country to have a group of people saving continuously and now they want to punish us for that?
besides....maybe there was a tax break with the 401 but not the roths...NOT THE ROTHS....
In which the ratchet clicks one more notch toward a second American Civil War.....
I honestly see no other way out.
Y’all?
“They said that they were going to do that right after obama assumed power. Limbaugh explained how they were going to work it.” ~ sport
Yep
http://www.freerepublic.com/focus/news/2506285/posts?page=52#52
Same here. This is serious trial balloon by the communists running our government. We must make waves or it will become a reality.
Bingo! And to think the family wonders why I am stockpiling food and ammo.
Look for massive cashing out of 401(k) and Roth accounts if this crap actually gains any traction. I’d rather pay a tax penalty than let them steal it, considering how well Socialist Insecurity, Mediscare, and MedicAIDS have gone.
I think Arizona is pretty much starting the secession movement.
If they’d just let the seceded states go,
there’d be no war.
But they can’t. It’s not something they are capable of - letting people live in freedom outside of their control.
I would not choose to live between Washington and Boston. That megopolis is a bag of snakes, in Bosnian comparisons. Ditto SoCal and many other major urban centers.
Here is an original source: US NEWS and World Reports - Money.
And here is a bit of precursor to the foregoing from MS Money Central in March of the same year.
But, what what must not be overlooked is that private property is the collateral for America's crushing debt. What do our foreign benefactors expect as collateral for trillions of dollars in debt? My son's job, my friend's house, your car, that guy's savings... etc., etc. This should help everyone to understand why the Supreme Court of the United States ruled a few years back that the government could seize private property for no more cause than the public good.
The govt seized privately-owned gold in the 30's, so the precedent is already established.
There are only two other paths out of this economic mess: inflation and/or HEAVY taxation.
“But they can’t. It’s not something they are capable of - letting people live in freedom outside of their control.”
######
Precisely, which is why I see this ending violently.
For the last 75+ years, with a brief slow down during the Reagan years, Conservatives have been relentlessly pushed toward the edge. This, across the board, on many economic and societal fronts. What happens when we FINALLY push back?
Entire sections of the USA could look like Bosnia X10.
Heh, I hear you. Here in Northern Virginia it has the potential to get down and dirty in short order, especially on the east side of 95.
Trial balloon, Rope-A-Dope by the head Dope. Another distraction while obama has a hand in our other pocket.
People in Boston were coming to blows over the last bottles of water in the stores. That is just a hint of things to come.
Our system has been broken longer than what we even realize. Republicans got us into this by continuing to barter/compromise with avowed enemies (democrats)all in the name of ‘reaching across the aisle’. Everything is now so tainted, so corrupt that a blood cleansing is the only way it’s going to get rectified. The longer that this is postponed the more entrenched the communists become. There are red flags popping up everyday and many are in complete denial; refusing to believe an overthrow is happening. I’m not sure anyone is going to ever take a stand just by the meer fact that no step has been taken to date.
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