Quote:
Originally Posted by VRM
Ron,
Maybe you should do some research before posting stuff like this. This is a total distortion of what actually happened. The person mentioned in the article talked about changing around the tax benefits for 401Ks. There was no discussion of confiscating them, or eliminating them.
We already have CDC, Perry, and Warren posting all kinds of 'sky-is-falling' nonsense.
We have plenty of things that are wrong with this country that are factual, we should focus on those before worrying about the fake ones. 
Steve |
Steve,
That is why I posted that you can take it as it is or leave it. And why didn't you post a link that shows it is a total distortion of the truth. And where in my post did you read that I said they were going to do away with them. Perhaps you should read the posts a little closer. The article said confiscating retirement plan accounts.
I apologize to the moderators for this cut and paste but to me this is a mention of confiscation or doing away with retirement accounts.
The testimony of Teresa Ghilarducci, professor of economic policy analysis at the New School for Social Research in New York, in hearings Oct. 7 drew the most attention and criticism. Testifying for the House Committee on Education and Labor, Ghilarducci proposed that the government eliminate tax breaks for 401(k) and similar retirement accounts, such as IRAs,
and confiscate workers’ retirement plan accounts and convert them to universal Guaranteed Retirement Accounts (GRAs) managed by the Social Security Administration.
Ron
