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He's coming for your 401K.
Posted: Feb 4, 2013
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The British are coming! The maxist is coming! - Fairminded
[ In Reply To ..]Sound the alarm!!! I am sure whatever this "message" is that you have linked to will confirm without a doubt that the "marxist" is indeed coming for our 401Ks!!!
marxist - sticky keys - nm - Fairminded
[ In Reply To ..].
BTW, The British WERE coming! Remember your history? - sm
[ In Reply To ..]And so is Obama after our 401Ks. The $$$$ "just sitting there" is way too tempting for him to confiscate or tax. For the good of the nation, no doubt.
run Charlie run - sm
[ In Reply To ..]too much soul to ignore. ;)
Awesome, YouTube favorited! I forget about their socially conscious side. - mraker
[ In Reply To ..]"Papa was a Rolling Stone" was a fave growing up. I need to look into their more obscure work now.
Do any of the conservatives on this forum read anything besides all this - tabloid, conspiracy-esque junk posted here?
[ In Reply To ..]If you post something from some intelligent and reputable conservative sources, even if I generally disagree with them, I'll likely give them a read.
Here are just some suggestions: The American Conservative. National Review. Bloomberg View. The American Spectator.
We all might learn something that way.
(unless the above was an ironic post -- I mean Godlike Productions, come on; can we say clockwork elves and reptoids too? -- then whoosh, over my head)
Never good enough - if it's not on your list
[ In Reply To ..]of approved sources?
I said "just some suggestions." - mraker
[ In Reply To ..]nm
What is really going on -- - Truthhurts
[ In Reply To ..]
One of the proposals that has received attention in Washington talking head discussions about how a compromise might be reached between Democrats and Republicans on the fiscal cliff and federal budget is one that argues for cutting back or eliminating the tax break the 401(k) deduction. This, I should say, is not a new suggestion. It’s come up numerous times over the years, but was given renewed life when the Simpson-Bowles commission stumped for it. It’s a commonsense if controversial idea, especially given the evidence we have that the tax break does not cause very many people to save more money. It’s this proposal, not any plot, that led the American Society of Pension Professionals and Actuaries to speak out in defense of the 401(k).
Similarly, the details of the supposed plan to confiscate our 401(k)s originate, not in secret covens, but in the papers a number of academics have published over the years, seeking ways to better or reform our nation’s individual retirement savings efforts. The authors of these efforts include J. Mark Iwry, who is now a senior adviser to Secretary of the Treasury Tim Geithner and and a deputy assistant secretary for retirement and health policy. (The plot thickens! Just kidding!), He’s argued for such things as Automatic IRA’s, which would cover workers who are not offered access to a 401(k), and for the inclusion of annuities as a choice in 401(k) plans.
Another name that frequently surfaces in the 401(k) plot discussions is longtime retirement activist Teresa Ghilarducci, a professor of economics at The New School, who believes the 401(k) should lose all its tax advantages, and instead be replaced by something she calls Guaranteed Retirement Accounts, a system of mandatory retirement contributions by both employees and their employers, that would allow for a minimum, promised investment return.
One of the proposals that has received attention is one that is for cutting back or eliminating the tax break the 401(k) deduction. It’s come up numerous times over the years. It’s a commonsense but controversial idea, especially given the evidence that the tax break does not cause very many people to save more money.
The details of the supposed plan to confiscate our 401(k)s originate in the papers that a number of academics have published over the years seeking ways to better or reform our nation’s individual retirement savings efforts. The authors of these efforts include J. Mark Iwry, who is now a senior adviser to Secretary of the Treasury Tim Geithner and and a deputy assistant secretary for retirement and health policy. He’s argued for such things as Automatic IRA’s, which would cover workers who are not offered access to a 401(k), and for the inclusion of annuities as a choice in 401(k) plans.
Retirement activist, Teresa Ghilarducci, a professor of economics at The New School, believes the 401(k) should lose all its tax advantages, and instead be replaced by something she calls Guaranteed Retirement Accounts, a system of mandatory retirement contributions by both employees and their employers, that would allow for a minimum, promised investment return.
Obama's diabolical plan - doh!
[ In Reply To ..]Here. Let's read the ACTUAL article from whence these soundbites arise. Tricky stuff, yes?
Eech, ouch, ooch. Omigosh, thank you. Is ''Truth'' supposed to Hurt my eyes? - mraker (nm)
[ In Reply To ..]nm
: ) - doh!
[ In Reply To ..]I hear you. It hurts sometimes, doesn't it?
About what percentage of TH's posts have that glaring yellow highlighter? - mraker
[ In Reply To ..]I guess I'll just skip opening any of them from now on, or avert my delicate orbs while I click just to get the subject line font to color change. Seriously, maybe it's because of my funky old CRT monitor, but owie!
I wonder if the moniker is literally (as in an accusation of pain from someone about the posting style) or subconsciously related? Quite an amazing coincidence if not.
by the way, I hope you'll consider keeping the moniker. - mraker
[ In Reply To ..]It's a great one, and I'd like to be able to follow your posts. :)
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