Dixie - In Memoriam
New member
This has been brewing, steeping, and simmering on the back burner for quite some time, best I can tell, since before the elections of 2008. At that time, it was largely dismissed, laughed off as paranoia and those who intimated it, ridiculed as nuts. After all, how could the government ever seize your private 401k accounts? There is a thing called the Constitution, and this would seemingly violate the hell out of it. Well.... that fact hasn't stopped much of what Obama and Democrats have attempted to do, since their rise to power.
According to sources such as the Wall Street Journal and Business Weekly, the Democrats are considering a plan to nationalize all 401k accounts. Of course, this is going to be done under the guise of "helping" you manage the expenses of your retirement, and ensuring you have economic security in your old age. Under the current system, you might blow through your retirement money, and with Social Security in a death rattle, something has to be done to protect you from your own stupidity. Da-ta-da-daaa! Enter the Federal Government!
Now, some will say... but how can the Feds seize your personal property? Isn't that a direct violation of the Constitution. And of course, it certainly is! But that doesn't dissuade Socialist Marxist the least little bit. The initial plan is to eliminate the current tax incentives for 401ks, making them no different than regular income. Once that aspect is in place, they roll out the "government option" which appears to be much more attractive from a financial standpoint, as it will not be considered "taxable income" because it's no longer your money. So your choice will be, keep a 401k and get taxed out the wazoo, or opt into the government plan and be ensured you will have a comfy retirement. Granted, when you croak, all the money in what used to be your personal 401k, will remain in the system for those who haven't yet croaked, and your family is left with the normal $212 from the government to help offset your funeral costs. But what do you care, you're dead!
Needless to say, our Democrat butt lickers here, will jump on this, claiming it's a "scare tactic" from the right... but is there anything that seems far-fetched anymore, with this bunch? Think of all the things you would have never imagined could have happened, that have happened. Do you think this is a "scare tactic" or doesn't it sound just exactly like something the Democrats would legitimately attempt to do, if given the opportunity?
According to sources such as the Wall Street Journal and Business Weekly, the Democrats are considering a plan to nationalize all 401k accounts. Of course, this is going to be done under the guise of "helping" you manage the expenses of your retirement, and ensuring you have economic security in your old age. Under the current system, you might blow through your retirement money, and with Social Security in a death rattle, something has to be done to protect you from your own stupidity. Da-ta-da-daaa! Enter the Federal Government!
Now, some will say... but how can the Feds seize your personal property? Isn't that a direct violation of the Constitution. And of course, it certainly is! But that doesn't dissuade Socialist Marxist the least little bit. The initial plan is to eliminate the current tax incentives for 401ks, making them no different than regular income. Once that aspect is in place, they roll out the "government option" which appears to be much more attractive from a financial standpoint, as it will not be considered "taxable income" because it's no longer your money. So your choice will be, keep a 401k and get taxed out the wazoo, or opt into the government plan and be ensured you will have a comfy retirement. Granted, when you croak, all the money in what used to be your personal 401k, will remain in the system for those who haven't yet croaked, and your family is left with the normal $212 from the government to help offset your funeral costs. But what do you care, you're dead!
Needless to say, our Democrat butt lickers here, will jump on this, claiming it's a "scare tactic" from the right... but is there anything that seems far-fetched anymore, with this bunch? Think of all the things you would have never imagined could have happened, that have happened. Do you think this is a "scare tactic" or doesn't it sound just exactly like something the Democrats would legitimately attempt to do, if given the opportunity?
