tag:blogger.com,1999:blog-3758330678390419129.post8696636268970558998..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: How Governments Can Seize Retirement AccountsRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-3758330678390419129.post-80952024402610504542012-05-04T00:29:48.359-04:002012-05-04T00:29:48.359-04:00the govt will eventually try to increase taxes on ...the govt will eventually try to increase taxes on retirement accounts. the easy ways are to increase tax rates on IRA/401k withdrawals, and reduce the deduction allowed for contributions. the other more difficult way will be through some sort of a wealth tax, where they will start taxing the accounts even before the owners are even taking distributions.Russellhttps://www.blogger.com/profile/03902582183935301142noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-27537836159900749282012-05-03T20:40:25.350-04:002012-05-03T20:40:25.350-04:00The question I have is once this begins, how long ...The question I have is once this begins, how long will this allow them to kick the can down the road? Can they do it for another 40 years like they did following Nixon taking us off of the gold standard, or will time be in very short supply by the time they get to this point?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-22771970951204476342012-05-03T14:48:45.187-04:002012-05-03T14:48:45.187-04:00@ RW, thanks for your insightful response. I'...@ RW, thanks for your insightful response. I'm stunned to the point of disbelief and inactivity. I'm sure there are more phases to pass through.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-5662884222513024072012-05-03T14:38:20.965-04:002012-05-03T14:38:20.965-04:00As long as they are in gold, silver or nickels and...As long as they are in gold, silver or nickels and under your bed.Robert Wenzelhttps://www.blogger.com/profile/14296920597416905488noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-13195430805242156342012-05-03T14:23:36.340-04:002012-05-03T14:23:36.340-04:00Are private pensions safe?Are private pensions safe?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-2540940743232777952012-05-03T13:43:28.302-04:002012-05-03T13:43:28.302-04:00To quote from the text:
"In the US, public pe...To quote from the text:<br />"In the US, public pensions have been raided for years, Congress routinely 'borrows' from Social Security to make up budget shortfalls. This is what talking heads mean when they play down concerns of a $14 trillion debt "because we owe it to ourselves--" $4.6 trillion of the debt is owed to intragovernmental agencies like Social Security."<Anonymousnoreply@blogger.com