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.
Ike should have warned us of the political-media complex.
Last edited by DonGlock26; 11-15-2012 at 17:04..