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What do the Democrats plan to do with our 401Ks?
Posted on 9/18/19 at 8:03 pm
Posted on 9/18/19 at 8:03 pm
I’ve seen this hinted at on this board, but haven’t actually seen anything other than speculation that the dems want to tax our retirement savings.
12
Posted on 9/18/19 at 8:04 pm to Eli Goldfinger
They’ll do the European model and raid any 401k worth over say $1.5 million with a “one time” “wealth tax” on every penny over the first $1.5 million.
This post was edited on 9/18/19 at 8:05 pm
Posted on 9/18/19 at 8:04 pm to Eli Goldfinger
I don't think that would be politically feasible
Posted on 9/18/19 at 8:05 pm to Powerman
It will be once enough illegals have 4.5 amiguitos per familia and those amiguitos grow and have 3.6 amiguitos each as well.
This post was edited on 9/18/19 at 8:07 pm
Posted on 9/18/19 at 8:06 pm to Eli Goldfinger
Of course they aren’t gonna tell where they get the coin for freeshit, but their public bribes gotta come from somewhere
Thieves never announce their targets though
Maybe they can start little nest eggs for all LA rodents
Thieves never announce their targets though
Maybe they can start little nest eggs for all LA rodents
This post was edited on 9/18/19 at 8:08 pm
Posted on 9/18/19 at 8:06 pm to SirWinston
quote:
raid any 401k
That will be the straw that broke the camels back for me. I have very purposely contributed to help ensure my retirement is paid for.
Posted on 9/18/19 at 8:07 pm to Eli Goldfinger
I just did a quick Duck Duck Go search and there are multitudes of articles about it.
Yes, they will if given the opportunity.
Yes, they will if given the opportunity.
Posted on 9/18/19 at 8:07 pm to Tigerswillprevail
“Someone who has more than $1.5 million in retirement funds can afford to pay a one time tax of 15% on every dollar over that first $1.5 million when poverty is over 30% nationally”
Some leftist politician in 2034
Some leftist politician in 2034
This post was edited on 9/18/19 at 8:09 pm
Posted on 9/18/19 at 8:07 pm to Eli Goldfinger
Pay for sex changes for illegal aliens
Posted on 9/18/19 at 8:09 pm to Speckhunter2012
quote:
Yes, they will if given the opportunity.
A tiger is a tiger, and no one should be surprised that a socialist is a socialist
Posted on 9/18/19 at 8:09 pm to Eli Goldfinger
quote:
Goldfinger I’ve seen this hinted at on this board, but haven’t actually seen anything other than speculation that the dems want to tax our retirement savings.
401k’s/IRA’s will be included in the formula for means testing Americans who are hoping to receive SSI benefits. Warren’s already talking about similar BS she’s going to enact to shore up SSI, she’s ready to take the cap off FICA.
Posted on 9/18/19 at 8:10 pm to Tigerswillprevail
quote:
That will be the straw that broke the camels back for me. I have very purposely contributed to help ensure my retirement is paid for.
No offense but that shouldn't be the straw that broke the camel's back. That should have happened years ago. Of course they want your retirement. They always have.
Posted on 9/18/19 at 8:11 pm to Powerman
yes they will get their share. I believe the Clintons had it in their sight in the 90s. Jesse Jackson wanted a share for inter city development.
Posted on 9/18/19 at 8:13 pm to Eli Goldfinger
take them and give it to the poor people for votes.
Posted on 9/18/19 at 8:14 pm to SirWinston
quote:
“Someone who has more than $1.5 million in retirement funds can afford to pay a one time tax of 15% on every dollar over that first $1.5 million when poverty is over 30% nationally”
Some leftist politician in 2034
sooner
on that note, you know what? why isn't the GOP/Trump using this acceleration for 401 ks? get Beto to say $5M and before you know it Warren will be pushing this for any 401k over 500k. just get them out there promising unicorn shite
do this on every issue
Posted on 9/18/19 at 8:14 pm to Bass Tiger
quote:
Warren’s already talking about similar BS she’s going to enact to shore up SSI, she’s ready to take the cap off FICA.
So, they're going to take the cap off contributions ... AND ...
quote:
means testing Americans who are hoping to receive SSI benefits
Now of course you mean SS retirement. "SSI" (Supplemental Security Income) is already means tested at the same threshold as Medicaid eligibility.
Posted on 9/18/19 at 8:17 pm to Powerman
Posted on 9/18/19 at 8:21 pm to Boatshoes
quote:
It's politically feasible.
Only 32% of workers save in a 401k. The average balance is 96,000.
Presumably if they'd be going after 401Ks they'd be going after all retirement accounts in addition to that though
Posted on 9/18/19 at 8:29 pm to El Segundo Guy
quote:
Of course they want your retirement. They always have.
No argument with that, point mainly is that I think this could happen and I am pissed that those bastards will take what I am counting on at the time Im counting on it.
fricking sucks
Posted on 9/18/19 at 8:38 pm to Boatshoes
quote:as though they would raid 401ks and not raid iras
Only 32% of workers save in a 401k. The average balance is 96,000.
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