Joe Biden wants to raid Americans’ retirement accounts

Take special note FTA: “Corporations received an enormous tax break in 2017. While their profits soared, their investment in their workers and the economy did not. Their SHAREHOLDERS and top executives reaped the benefits, without the promised trickle down to workers, consumers, or communities. ... “A Backdoor Tax on Roth IRAs “Remember that Roth IRAs are supposed to be tax-free, end of story. ... Another way of saying this is that Biden is proposing a 33.3% ($700/$2,100) tax increase on Roth IRAs THAT IS, HOWEVER, INVISIBLE BECAUSE IT NEVER SHOWS UP ON THE TAXPAYER’S SCHEDULE B, SCHEDULE D, OR FORM 1040. “If the Democrat left thinks this is a good way to raise federal tax revenues, it is certainly free to try to make this case in the court of public opinion with a jury of roughly 160 million registered voters, to reach a verdict in November. THIS JURY IS, HOWEVER, ENTITLED TO THE TRUTH, THE WHOLE TRUTH, AND NOTHING BUT THE TRUTH, AND THE TRUTH, AS SHOWN ABOVE, IS THAT THE PROPOSED TAX PLAN AFFECTS ALL AMERICAN INVESTORS--NOT JUST THE “RICH” WHO MAKE MORE THAN $400,000 A YEAR.” Albert Einstein: "The hardest thing in the world to understand is the income tax."

So we have to wonder if JOEY and his FAMILY are going to pay income Taxes (Their Fair Share) of all the BRIBES they have gotten..........

We are where the money is and make no mistake these bastids are hell bent to get it.

Re: Post 3, the elitist left has contempt for the middle class. And they resent middle class money and power.

Surprise, surprise, Democrats have wanted to do this for decades. It is, according to them, the only source of "unused money" left.

My chief financial advisor told me that the government would eventually figure out that it needed to steal our retirement funds. Joe is going to try.

Two thoughts: 1) I need some new conspiracy theories. All my old ones turned out to be true. 2) I retired at the end of 2012, and I did a 'hurry-up' to get out the door before the calendar year ended. My reason at the time was that earlier, Zero ran out of Federal cash, and 'borrowed' what he wanted from the retirement accounts of federal workers. THAT time it was paid back, but I was concerned that it would happen again in 2013, and would NOT be paid back. I figured that, as they had passed a 'retroactive' tax bill (retroactive to the beginning of the year) that year, they might go back and 'borrow' (steal) from retiree's accounts that had been open in 2013, but it would be harder for them to reach back and steal from previous year's accounts.

Evidently, raiding the social security account and turning it into a Ponzi scheme isn’t enough for this confiscatory government! Government takeover of private retirement accounts is casus belli as far as I am concerned!

Joey will raid any citizen's assets so he can spend even more money wastefully.

Taxing to prosperity! Perfect! Comrades!

If he is going to steal my retirement funds, he better hurry, as inflation is eating them up.

The Democrats have already significantly raided all savings by trillions of dollars of deficit spending with the resulting inflation. For years the Federal Reserve has been keeping interest rates below the rate of inflation, so if you save you lose, particularly if you keep your money in cash..

Makes sense. Keep the stock market irrationally inflated with feckless government spending, and now the only potential source of additional taxation is the fake money in the stock market.

Out government is essentially bankrupt. For evidence, look at all the inflation. The only thing worse than not admitting it is admitting it. They will never admit they are bankrupt. Look for more fiscal confiscation in the future. The joke's on us though. They will be looting rather than fixing anything. Have to protect their 'investments'. This will not end well. You cannot hide bankruptcy.