Academics who all have nice fat TIAA-CREF accounts.
The progressives are urgently looking for new sources of OTHER PEOPLE’S MONEY (other than that of their cronies, of course).
Lots of people will be decorating lamp posts around America if they try to seize IRAs/401k, etc.
The US Government is $19 Trillion in debt. Obama alone has added $9 Trillion
The USA faces a tidal wave of Soc. Sec. and Medicare expenses
The result is - any property you have is not safe
She’s baaaaaccckkkk...Ghilarducci
Everything you ‘own’ belongs to the government. They just allow you to keep a little out of generosity.
America is regressing to the outmoded Leninism of the old Soviet Union.
Ironic that both Russia and China are busily moving in the other direction.
After enormous expenditures of gold and lives in the Cold War, America surrenders to communism without a shot being fired.
Yep, but their inability comes for their poor financial judgment and decision making skills. They put all of their income into lifestyle (elaborate vacations, the latest consumer electronics, eating out rather than cooking, high end cars, etc.) and none into savings.
In other words, a ‘comfortable retirement’ has become an entitlement, not merely a goal.
Said the fox to the farmer, “I’ll guard your henhouse. Trust me.”
“You didn’t make that.”
‘More than half of all working-age households are expected to be at risk of having to cut back their standard of living, often making painful adjustments, when they retire’
Didn’t we all realize we would have to scale back our lifestyles in retirement?? The false promise of a lifestyle of grandeur in retirement is manipulating naive people into believing the Government will give you everything you have ever wanted. Just keep electing them and they will even the playing field.....never mind that you may have spent your money unwisely during your working life. These Socialists don’t want equality of opportunity, they want equality of outcome. What they refuse to acknowledge is the SOME PEOPLE WILL WORK HARDER TO HAVE WHAT THEY WANT. Punishing the producers in this country will have an adverse effect on their production. We are spiraling down the plughole and the top of our Government is providing the water.
The government incentivises pretax savings becuase they know the social security ponzi scheme will eventually collapse and they know people can’t afford to save becuase of high taxes, now their fiox is to tax them. Just beautiful....any wonder Trump is popular and politicians are hated?
I forgot how damn funny this Levin interview was until I started listening to it as I posted it. There’s a couple things that come to mind right away:
1. She neglected to do her due diligence and didn’t know who she was talking to.
2. For much of the interview, he actually got away with claiming that she was the expert and he didn’t really know anything about anything. lol
There’s more, but you gotta listen for yourself.
Don’t worry. They’re not going to seize your money, they’re simply going to eliminate cash, mandate electronic payment, and the institute negative interest rates.
This topic occasionally comes up in discussion with more liberal acquaintances. My response is that “it is not my fault someone didn’t save for retirement”.
The libtard usually goes apoplectic and it’s quite entertaining.
In other words, government elitists are saying, “You cannot take care of yourself since you do not save enough in you IRA’s, 401k’s; so we need to take whatever money you have in these accounts to ‘take care of you’!”
Of course, the fact that the tax burden on the typical American family is 40% may have something to do with it.
I was thinking.... Maybe Ivy League endowments would be a good source of revenue to help retire some of the national debt... How say you???