Originally posted by maybereal11
MAINTAL ... I have been trying to endure your long rambling posts because I keep suspecting that there is someone rational lurking behind the BS. But
this kinda draws the line. You don't appear to be tethered to reality.
You are looking for someone rational behind all the BS?
gee mayberry, how rational is that?
For example...Above I just included the Obama portion of your last rant/post above.....and OBAMA has NOTHING to do with this thread, No one has
said he does yet you ramble on as if he is the anti-christ.
O RLY!! Gee,, umm care to make a contracted wager on that idea he has nothing to do with this thread? Mayberry, Ill bet you, the Democratic President
elect will become a key figure in this and other discussions like it.
And do you know why?
Because HE is the one that has been spouting off like the socialist he is about "Redistributing" the wealth moreover,, he just happens to be the one
THAT WILL HAVE TO SIGN THE BILL OR HAVEN'T YOU FIGURED THAT PART OUT YET! Jeeez always making what should be common sense a quagmire of having to
explain things so academic, it is a wonder how you don't consider getting your GED, I'd be so tired of having egg on my face all the time if I were
Confiscate...is when they kick the door in and take your money or freeze your bank accounts and not give it back.
One is a tax on an amount of money that is yours...the other is taking all your money..
Get the difference?
MAINTAL...I don't really have the patience to see if your sane self wins the nutty war in your head. I have placed you on ignore so I will no longer
get distracted by your nonsensical rants. Best wishes.
Awe mayberry,, I'm all broken up about that, and it's really kinda of sad because, like all the other debates we have shared in where you said all
this kind of good cheer, you find with every post you lose a little more of that truth and hear more of your own BS.
Before ya go, I'd just like to say how much I'll miss seeing what kind of apology I would have seen coming from you when THIS HAPPENS
Obama, Dems Seek to End 401(k) Plans
By Mark Impomeni
Oct 24th 2008 9:00AM
Sen. Barack Obama's Democratic allies in Congress are looking into a radical new plan that would fundamentally change the way Americans save for
retirement. House Democrats recently heard testimony on the idea and, under a potential Obama administration, would likely move to put it in place.
Democrats want to seize the money that workers currently invest in their 401(k) plans and replace the popular retirement savings accounts with a
one-size-fits-all government sponsored retirement account. Under the scheme, Americans would be forced to transfer all of their hard earned retirement
savings from their 401(k) to the government.
The government would contribute $600 a year to fund each account and would pay a rate of return of around three percent in interest. The government
would also mandate that each worker contribute 5% of their yearly salary to the accounts. Under current law, workers with 401(k) plans contribute to
their retirement accounts and earn interest tax free. The Democrats' plan would end those tax breaks, amounting to as much as a 15% tax hike on each
Rep. Jim McDermott (D-WA) said recently that Democrats had better ideas for the $80 billion that Americans contribute to their 401(k) plans each year.
"We have to start thinking about whether or not we want to continue to invest that $80 billion for a policy that's not doing what we say it
should." Sen. Obama would likely sign on to the plan as president.
Obama, McDermott, and Congressional Democrats miss the point that under current law, Americans have control over their retirement savings, where and
how it is invested, and when and how much they contribute. The idea to nationalize retirement savings is another example of Democrats' socialist
proclivities. They want control of Americans' retirement to reside in Washington DC, not on Main St., all in the name of "retirement security."
Wow a whole 3% interest! Take the rule of 72 and see how long it will take to double your money on the $600 and what do you get?
Yeah that's right a guaranteed LOSS because in that time $600 dollars will spend like $300 does now. Then forcing me to invest another 5% of my
income! My GOD Democrats are really stupid when it comes to turning a buck. I would do better in a damn whole life insurance policy or a pass book
savings account! No wonder why most of them want to share the wealth. It's easy to see how they ruined the economy now.
Democrats want to seize the money that workers currently invest in their 401(k) plans
Gone from confiscate to seize the money,, wow this just keeps getting better all the time.
But the best part of all is the part where they show us how they are finally going to help the middle class and back up all that BS Mayberry thinks
rational people are behind.
The Democrats' plan would end those tax breaks, amounting to as much as a 15% tax hike on each American worker.
Yeah,, mayberry ,, you're right, putting me on ignore, because you wouldn't want to know this is going on.
[edit on 10-11-2008 by MAINTAL]