Time to Confiscate 401Ks and IRA?
Let's think about this folks....Social Security is running out of money and actuarily, as we keep laying off workers and slashing wages while our population ages......we need to find a new source to fund Social Security.
The money simply can't be printed out of thin air or we all know that the money will be worthless like Zimbabwe....and then we are all broke as few will be able to buy anything.
And now that government is running $2 Trillion dollar deficits......really the only place left to get money is either our 401Ks/IRAs, investment accounts, or bank accounts.
Which one do you think it will be? all three?.....and by the way, this is not fear mongering.....it is a mathematical fact that we are out of money......but most of you Fools are too big of wimps to want to intelligently confront a very serious issue facing our nation.....but for what its worth, you are in good company with out politicians.
We have tens of millions of Americans dependent EXCLUSIVELY on social security for their income. We promised them the money would be there when they retired. NOW WE ARE OUT OF MONEY.
In the end, I can promise you one thing....politicians will tell you what they are taking....whether you like it or not....just ask the residents of Lousiana who are getting levied with additional property taxes after the state just lost a lawsuit......the of Social Security as the mother of all verdicts.
At this point, it is your choice, try to deal with the issue head on, or whine about Alstry and deal with the consequences.