The filthy dirty Congress is coming to take your IRA

[XtremeJibber2001]

There is about 120 trillion dollars in the entire world capital markets, the funds used to finance our national debt. Currently, the U.S. national debt is approaching 25 trillion. Once the squids get in charge, their green new deal, free everything including free health insurance for illegal aliens, will cost well over 100 trillion dollars. The entire capital markets in the world will not be able to finance the U.S. debt. That is why they will resort to stealing all of America's wealth in taxes and seizing our 401's and IRA's. Taxing the wealthy alone, will not come even close to financing their dirty socialist-dictator-communist dreams.

The chances of any one of the squad becoming POTUS are about as good as my chances.

[Mister Moose]

There is about 120 trillion dollars in the entire world capital markets, the funds used to finance our national debt. Currently, the U.S. national debt is approaching 25 trillion. Once the squids get in charge, their green new deal, free everything including free health insurance for illegal aliens, will cost well over 100 trillion dollars. The entire capital markets in the world will not be able to finance the U.S. debt. That is why they will resort to stealing all of America's wealth in taxes and seizing our 401's and IRA's. Taxing the wealthy alone, will not come even close to financing their dirty socialist-dictator-communist dreams.

The chances of any one of the squad becoming POTUS are about as good as my chances.

The fact that 20 Democratic nomination seekers raised their hand on providing health care for illegal residents, and 18 raised their hand on decriminalizing crossing the border without proper entry, plus the support for the Green New Deal indicates how far the left has gone left. Whether or not any of the squad gets to be POTUS, their destructive ideology needs to be met with a well reasoned answer, and not be ignored.

[f.a.s.t.]

There is about 120 trillion dollars in the entire world capital markets, the funds used to finance our national debt. Currently, the U.S. national debt is approaching 25 trillion. Once the squids get in charge, their green new deal, free everything including free health insurance for illegal aliens, will cost well over 100 trillion dollars. The entire capital markets in the world will not be able to finance the U.S. debt. That is why they will resort to stealing all of America's wealth in taxes and seizing our 401's and IRA's. Taxing the wealthy alone, will not come even close to financing their dirty socialist-dictator-communist dreams.

The chances of any one of the squad becoming POTUS are about as good as my chances.

The fact that 20 Democratic nomination seekers raised their hand on providing health care for illegal residents, and 18 raised their hand on decriminalizing crossing the border without proper entry, plus the support for the Green New Deal indicates how far the left has gone left. Whether or not any of the squad gets to be POTUS, their destructive ideology needs to be met with a well reasoned answer, and not be ignored.

The squids include all 20 of the Democrat nomination seekers, almost all of the national media and tens of thousands of elected and unelected officials in the cesspool swamp, the one percent that want to rule-not govern. We are one election away from the country being turned into a third world hell hole.

[XtremeJibber2001]

There is about 120 trillion dollars in the entire world capital markets, the funds used to finance our national debt. Currently, the U.S. national debt is approaching 25 trillion. Once the squids get in charge, their green new deal, free everything including free health insurance for illegal aliens, will cost well over 100 trillion dollars. The entire capital markets in the world will not be able to finance the U.S. debt. That is why they will resort to stealing all of America's wealth in taxes and seizing our 401's and IRA's. Taxing the wealthy alone, will not come even close to financing their dirty socialist-dictator-communist dreams.

The chances of any one of the squad becoming POTUS are about as good as my chances.

The fact that 20 Democratic nomination seekers raised their hand on providing health care for illegal residents, and 18 raised their hand on decriminalizing crossing the border without proper entry, plus the support for the Green New Deal indicates how far the left has gone left. Whether or not any of the squad gets to be POTUS, their destructive ideology needs to be met with a well reasoned answer, and not be ignored.

Agree 100%. I would never vote for a candidate with a platform that includes raiding my savings.

Would the rest of the electorate? Today, I don’t think they would either.

Hopefully this form of liberal socialism disappears when Trump is re-elected.

[madhatter]

There is about 120 trillion dollars in the entire world capital markets, the funds used to finance our national debt. Currently, the U.S. national debt is approaching 25 trillion. Once the squids get in charge, their green new deal, free everything including free health insurance for illegal aliens, will cost well over 100 trillion dollars. The entire capital markets in the world will not be able to finance the U.S. debt. That is why they will resort to stealing all of America's wealth in taxes and seizing our 401's and IRA's. Taxing the wealthy alone, will not come even close to financing their dirty socialist-dictator-communist dreams.

The chances of any one of the squad becoming POTUS are about as good as my chances.

The fact that 20 Democratic nomination seekers raised their hand on providing health care for illegal residents, and 18 raised their hand on decriminalizing crossing the border without proper entry, plus the support for the Green New Deal indicates how far the left has gone left. Whether or not any of the squad gets to be POTUS, their destructive ideology needs to be met with a well reasoned answer, and not be ignored.

Agree 100%. I would never vote for a candidate with a platform that includes raiding my savings.

Would the rest of the electorate? Today, I don’t think they would either.

Hopefully this form of liberal socialism disappears when Trump is re-elected.

tipping point?

[Guy in Shorts]

Been retired for 10 months now living off my 401K savings. My pension check is just enough to cover the $1614 per month medical insurance. When they come and take my 401K I will pretty much be screwed and have to back to work.

[Kpdemello]

I can't imagine a vote to confiscate or tax IRAs/401ks would ever pass Congress. Far too many people have far too much invested in them. It would be a tremendously unpopular move. It would also be terrible from a public policy perspective.

Tackling people's ability to use these accounts to avoid inheritance taxes? That's a different story. That seems like something Congress could (and is) going after.

Here's a tidbit about how extremely high net worth people use 401ks/IRAs to accumulate wealth tax-free. One of the biggest advantages for high net worth people with these accounts is the ability to use them to avoid inheritance taxes.

https://www.forbes.com/sites/jrose/2018 ... 87847b1485" onclick="window.open(this.href);return false;