Democrats setting their sights on your 401Ks & IRAs

[Monello]

This was 1 of my retirement planning fears. Because equity or some other made up bullshit for people that lack fiscal responsibility.

Instead of holding people up that did the right things and made good choices, those people will possibly be stripped of their honest gains. Then it will be used on people that made horrible life choices and can't get their crap together, no matter how much the government intervenes.

In my lifetime, American has gone from Ask not what your country can do for you to Give's me dat.

Imagine reaching retirement age and suddenly learning that Uncle Sam is going to pull the rug from under you and skim from your nest egg. It would be outright theft. Yet this is how the left, pushed by radical Democratic Socialists like Rep. Alexandria Ocasio-Cortez, thinks these days.

Democrats on Capitol Hill are proving their socialist stripes: They’ve reportedly considered raiding the “super-sized retirement savings accounts” of the wealthy to pay for their $3.5 trillion progressive spending fiasco.

Democrats are desperate to figure out how to pay for all those left-wing agenda goodies — free college tuition, climate-change schemes, universal pre-K — that they’re aiming to stuff into their $3.5 trillion spend-a-palooza. Finance Committee Chairman Sen. Ron Wyden (D-Ore.) vows to find a way, even if it takes all summer. And what better way than to skim from the savings of “evil” rich folk, those who have been wise stewards of their money, that is?

Dems should keep their grubby paws off Americans' retirement savings (nypost.com)

I know there are a few threads on here about people's retirement accounts. How do all of you feel about the government possibly relieving you of a few hundred thousand bucks of your investments because it's not fair that you planned and saved for your future.

 

[UglyBear]

Equity, biaches! From cradle to grave.

 

[TPD]

Sounds like I need another mattress

 

[Merlin99]

Sounds like I need another mattress

Wouldn’t do that either, you know how they like to confiscate those “drug proceeds”.

 

[GURPS]

I've been hearing [ Reading ? ] for a while Democrats have been trying to figure out how to confiscate your retirement and redistribute it giving you SSI

 

[PeoplesElbow]

This was 1 of my retirement planning fears. Because equity or some other made up bullshit for people that lack fiscal responsibility.

Instead of holding people up that did the right things and made good choices, those people will possibly be stripped of their honest gains. Then it will be used on people that made horrible life choices and can't get their crap together, no matter how much the government intervenes.

In my lifetime, American has gone from Ask not what your country can do for you to Give's me dat.



Dems should keep their grubby paws off Americans' retirement savings (nypost.com)

I know there are a few threads on here about people's retirement accounts. How do all of you feel about the government possibly relieving you of a few hundred thousand bucks of your investments because it's not fair that you planned and saved for your future.

I will turn it into cash and

first

 

[black dog]

I will turn it into cash and

first

I would most likely cash out except real estate and become a citizen of Costa Rica....

 

[gary_webb]

I would most likely cash out except real estate and become a citizen of Costa Rica....

I may try Guatemala. It's got to be close to empty by now.