Originally Posted by GAFinch
By turning private retirement investing into a SS-like payroll tax, the government will instantly have more "tax revenue" coming in that they can immediately spend on FDR-style spending programs.
I would be temped to take the tax hit and get my money now. But, then the gov't would get a sudden pay off of a 10% early withdrawal penalty on top of 25% on all the early withdrawal money. Presto! Obama's debt issue/budget looks better. That states would get some too.
“Out of every one hundred men, ten shouldn't even be there, eighty are just targets, nine are the real fighters, and we are lucky to have them, for they make the battle. Ah, but the one, one is a warrior, and he will bring the others back.”
Last edited by DonGlock26; 11-15-2012 at 16:04..