Redistribution In The Works
Democrats in the U.S. House have been
conducting hearings on proposals to confiscate workers’ personal
retirement accounts — including 401(k)s and IRAs according to a story published in the Carolina Journal.
They even have heard testimony from one of the Nation's biggest communists, Teresa Ghilarducci, professor of economic policy analysis at the New School for Social Research in New York.
Comrade Ghilarducci's plan calls for the confiscation of workers’ retirement plan accounts and convert them to universal Guaranteed Retirement Accounts (GRAs) managed by the Social Security Administration.
From the article:
Lauding GRAs as a way to effectively increase retirement savings, Ghilarducci wrote that savings incentives are unequal for rich and poor families because tax deferrals “provide a much larger ‘carrot’ to wealthy families than to middle-class families — and none whatsoever for families too poor to owe taxes.”
In a radio interview with Kirby Wilbur in Seattle on Oct. 27, 2008, Ghilarducci explained that her proposal doesn’t eliminate the tax breaks, rather, “I’m just rearranging the tax breaks that are available now for 401(k)s and spreading — spreading the wealth.”
This Marxist dipshit doesn't even try to hide her commie spread-the-wealth bullshit—AND congress is listening!
Rep. George Miller, D-Calif., chairman of the House Committee on Education and Labor, in prepared remarks for the hearing on “The Impact of the Financial Crisis on Workers’ Retirement Security,” blamed Wall Street for the financial crisis and said his committee will “strengthen and protect Americans’ 401(k)s, pensions, and other retirement plans” and the “Democratic Congress will continue to conduct this much-needed oversight on behalf of the American people.”
Glad to know that the Democrats In Congress are looking out for us by "helping" us with our 401(k)'s. Obviously we can't be trusted with it but they know best.
Damn I hate commies!
Dems Target Private Retirement Accounts
They even have heard testimony from one of the Nation's biggest communists, Teresa Ghilarducci, professor of economic policy analysis at the New School for Social Research in New York.
Comrade Ghilarducci's plan calls for the confiscation of workers’ retirement plan accounts and convert them to universal Guaranteed Retirement Accounts (GRAs) managed by the Social Security Administration.
From the article:
Lauding GRAs as a way to effectively increase retirement savings, Ghilarducci wrote that savings incentives are unequal for rich and poor families because tax deferrals “provide a much larger ‘carrot’ to wealthy families than to middle-class families — and none whatsoever for families too poor to owe taxes.”
In a radio interview with Kirby Wilbur in Seattle on Oct. 27, 2008, Ghilarducci explained that her proposal doesn’t eliminate the tax breaks, rather, “I’m just rearranging the tax breaks that are available now for 401(k)s and spreading — spreading the wealth.”
This Marxist dipshit doesn't even try to hide her commie spread-the-wealth bullshit—AND congress is listening!
Rep. George Miller, D-Calif., chairman of the House Committee on Education and Labor, in prepared remarks for the hearing on “The Impact of the Financial Crisis on Workers’ Retirement Security,” blamed Wall Street for the financial crisis and said his committee will “strengthen and protect Americans’ 401(k)s, pensions, and other retirement plans” and the “Democratic Congress will continue to conduct this much-needed oversight on behalf of the American people.”
Glad to know that the Democrats In Congress are looking out for us by "helping" us with our 401(k)'s. Obviously we can't be trusted with it but they know best.
Damn I hate commies!
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