The steps announced are just the beginning.
Almost no one wants to even contemplate this happening, but it will happen.
Posted on 04/09/2016 5:29:50 PM PDT by Libloather
Ryan and the GOPe, along with the usual cabal of dems, were pushing for this a few years back. Basically, it involved rolling ALL retirement accounts and pension plans into social security, which amounted to confiscation of retirement funds by the federal government.
its the elites and the oligarchy.
they work for themselves...
so I wouldn't be surprised if they go after the only money they can...OURS.....
The steps announced are just the beginning.
Almost no one wants to even contemplate this happening, but it will happen.
Someone’s got to pay all the government bills.
YOU didn’t save that!
More power to them if they can get away with it. The fact that the IDEA is out there would suggest that it could happen. The next congress will do away with it? You are naive.
You got those accounts where everyone in the Government can see. Some people just need to be bitch slapped and I see no one strong enough to put fear in those people.
This author is hot and articulate.
A freaking GENIUS..!
Haha - me snap out of it? I’ve been a good little WSJ Rush Bush conservative my whole life and this year is such a revelation. You should snap out of it too - the whole thing is a great, big, LIE. All of it.
Quickest route to real rebellion
Look into this.
Katie Pavlich
Sound the Alarm: New Obama Regulations Will Push Private Retirement Savings Into Government Accounts
Article and # 23.
This is because the people running state plans are so much smarter and so much more honest than those running private plans.
The fact that public employee retirement plans are almost as a rule going broke should not dissuade you of this fact.
We need to jail these bastards now
20k? Really? No offense, I am impressed by your determination.
There are those of us who are much older and have no where to hide!
Your screen name fits well. $14 trillion held in private retirement accounts. Now the feds (Obama) has started down the road to regulatory confiscation. First it was MIRA, forcing private employers that don’t offer 401ks to there employees to fund MIRAs, shortly thereafter onerous regulations that may force out small investment firms due to over reaching regulations that may be to expensive to comply with.
Leaving only large financial institutions able to manage your funds, fattening them up and leaving fewer choices for private investors. It’s a very short hop, skip, and jump to regulations empowering the feds to manage your retirement and eventually controlling your 401k under federal authority. Presto changeo look at that, the feds have now magically found $14 trillion. Aren’t they wonderful? National debt nearly Z-ed out in a couple regulatory moves. Your money is no longer yours but the feds to do with as they see fit.
Doubt me? think I’m a conspiracy nut? Look around, negative interest rates in Europe and Japan, US debt ay 100% of GDP. Next stop confiscation, bet on it.
Yes, that’s definitely one part of it.
Don’t you love it when they come for something that you worked hard for?
“Congress, call your offices.”
CONgre$$, call your offices.
7. It must not be forgotten that the members of the legislative body are to have a deep stake in the game. This is an essential point, and happily is attended with no difficulty. A sufficient number, properly disposed, can alternately legislate and speculate, and speculate and legislate, and buy and sell, and sell and buy, until a due portion of the property of their constituents has passed into their hands to give them an interest against their constituents…
http://www.constitution.org/cmt/freneau/republic2monarchy.htm
I have long said that the government will seize our assets...
I guessed this sort of thing because the MyRA accounts are ONLY in government Treasuries.
And it is easy to say new contributions are biased toward MyRas or mandates to put 1% in Treasury notes for “security”, a percentage ratcheted up over time.
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