fun gus wrote:
A while back, I explained that private pensions, 401k, and tax shelters would be targeted to 'help the poor common man' that did not set up these systems.
read this article:http://www.carolinajournal.com/articles ... ml?id=5081
"The testimony of Teresa Ghilarducci, professor of economic policy analysis at the New School for Social Research in New York, in hearings Oct. 7 drew the most attention and criticism. Testifying for the House Committee on Education and Labor, Ghilarducci proposed that the government eliminate tax breaks for 401(k) and similar retirement accounts, such as IRAs, and confiscate workers’ retirement plan accounts
and convert them to universal Guaranteed Retirement Accounts (GRAs) managed by the Social Security Administration."
Now, let's say you do the right thing, and set aside $$ for your own retirement, instead of counting on SS to take care of that. As an incentive to setting aside $$, the govt has made it tax sheltered. So, we will see a real push to end this practice, and it will be done in the name of 'spreading the wealth'.
It's coming folks.
Holster the paranoia there Hoss. Just becasue someone testifies at a house committee thsays that is what we should do does not make it high government policy. Learn how Congress works and just see how many nut jobs get to testify at committes before you hit the panic button.
Turn off Limbaugh and Hannity and check back in with the mainstream, The election is over and people no longer have to fear the scary democrats.
Wease, I'll say this. you are predictable.
Always the ad hominem when your politics are challenged. What's wrong? Couldn't you just toss out the 'freeper' moniker? VERY telling!
Last time I checked, the CJ was a member of the AP and the author of this article has a masters in Journalism, which the 2 'entertainers' you mentioned lack. Unlike, say Bill O Reilly who has a Master's in Broadcast Journalism from Boston University and another Master's Degree in Public Administration
Kennedy School of Government, who also reviewed this information.
But, hey why bother with those clowns, when we can get it straight from the metephorical horse's mouth? Here is an interview, unedited with Teresa Ghilarducci, who lobbies
Congress as well as testifies.http://www.youtube.com/watch?v=vcKezvLK ... re=related
oh yeah then there's this neat little link: go ahead, Wease! RIF! http://teresaghilarducci.org/research/testimony/
hmm..just some 'nutjob' you say? irrelevant?
this woman says it plain as day: going forward we will not offer the tax shelter, and she would be content growing another beauracracy that would be governed and directed by the SSA ( GRA's).
Now, you can ridicule me all you want about my 'ignorance' of how Congress works, that does not deserve a response. However, if you think this is just 'hot air' go ahead....
Thanks for playing!