By Bob Barney
Powerful
House Democrats are eyeing proposals to overhaul the nation’s $3
trillion 401(k) system, including the elimination of most of the $80
billion in annual tax breaks that 401(k) investors receive. This is a warning we have been telling everyone about for months now. What most middle-class persons have not figured out is the incredible tax that the Democrats intend to extend to the middle and lower classes! For example, if we go into a management British type health care system, do we need out P-plans? Many of our readers may not know this, but hundreds of thousands of retired Americans have P-plans worth billions if not a trillion dollars that companies have set aside to help their employees pay for healthcare. Well if healthcare is nationalized, the democrats claim that the money in these P-plans should be put into the health care fund to pay for those that don't have the means to take care of themselves! This could be a trillion dollar middle class confiscation of wealth! Now comes the 401K issue. Social Security is going bust in 2016. We are trillions behind in debt over Social Security and our 401K accounts could pay that defecit off! These are not "tax increases," this is confiscation of your money! The government will steal all of your money that you have saved. This is happening right now! Is this one reason why Wall Street is crashing and trillions of dollars are being pulled out of this US economy and going into Swiss bank accounts? WAKE UP AMERICA!
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