Posted on 11/28/2019 7:39:38 PM PST by SeekAndFind
Sanders and Warren do not respect private property. Without it, all of their promises are tentative and rates are derived arbitrarily. There’s nothing principally stopping them from taxing at 100%.
For me, it's worked out quite well. The 21st century has been very good for my portfolio!
I went to Yugoslavia to visit family in the 80’s.
I had a bigger apartment as a student than my cousin who was the VP at a bank!
The middle class pays for the ruling class in a socialist society.
My grandpa went thru the Bolshevik revolution. His family had a small farm. They took everything they owned to keep them independent. They got the hell out of there.
If Warren were to be elected, starting the day after the election there would be the biggest sell off in Wall Street history as investors would be liquidating their assets in preparation to move them to offshore tax havens. Your pension funds and retirement savings would take a major hit as a result.
If you are sitting on a huge capital gain, you should talk to your accountant about it. Perhaps selling off parts over time would enable you to liquidate the position without onerous taxes. The other thing to consider is that regardless of the incredible economy DJT has brought us, we are eventually going to have a major correction in the stock market. I would hate to see you lose significant value b/c you held onto a position b/c you were worried about the taxes.
What do you mean still? Like 66 is old or something? Millions of people dont even think about hanging it up until 70 or more.
Scum. Greedy presumptuous scum.
If they actually got in power, they wouldn’t TX your retirement accounts.
They would TAKE them.
With the promise to dole out a little bit at a time back to you.
And they might even do that for a couple of years, until they spent it all on other socialist programs.
The retirement funds of the American middle-class is the largest treasure that has ever existed on the Earth.
The communists will do ANYTHING to steal these funds to buy votes/power and enrich themselves.
So does Mayor Peteie. His “voluntary Government 401k” is merely the 1st step to a “mandatory Govt 401k” that they will loot just like they did the Soc Security fund.
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Wouldn't help much. The IRS tentacles get you wherever you go.
Let's send them a message at the Ballot Box. Vote against any DemocRAT including the Dog Catcher.
Our 401ks and IRAs are a gigantic, juicy peach the Uniparty wants to squeeze. They’ve been discussing this behind the scenes for many years.
They’d love to do a SS trade-in: you give your retirement accounts to SS and you’ll get 1.25% guaranteed interest. Guaranteed, my friends, so you’ll lose all that bad risk you fear now. ShamWow!
And we’ll take the earnings above 1.25%. Oh, we’ll do great things for you folks with it. ShamWow!
Transaction tax will be 2-3%....lot less than 20%.
Unfortunately, you are right, and it is not just the socialists, the globalist republicans except Trump are happy to go along with high taxes.
An example of a country which everyone should follow...
This country was a British colony in the British empire.
In 1963 it became independent from Britain, and became part of Malaysia. In 1965 it broke off from Malaysia and became autonomous country. It was just as poor as Malaysia, Indonesia and other neighbors.
Today it has the highest concentration of millionaires in the world, more than Qatar & Abu Dhabi & Switzerland! Every 6th citizen is a millionaire. Unemployment is zero. In fact there is a shortage of workers there so they import workers which are 1/3rd of the total work force. So how did this country became so rich in such a short time?
My guess is it was their policy of zero welfare of any type to able bodied citizens of working age. There are no food stamps, no unemployment checks, no rent subsidy, no free phones, so if you don’t work you can starve. No wonder the unemployment rate is near zero. The government can spend all the money saved on welfare for infra-structure. The airport, highways, cruise terminal, hospitals, etc are better than I have seen any country of the 36 countries I have traveled to. So if you haven’t guessed it already, the country is Singapore.
I know a fellow who did just that. He sold his property, cashed out all his other assets and moved to Thailand. Found a place that is a retirement resort.
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