Say goodbye to your 401(k)

[robomarkov]

It seems that seizure of your 401(k) is being discussed - in a round about fashion. Creation of a "Guaranteed Retirement Account" is being discussed and the plan is to fund it with YOUR payroll taxes - up to 5% tax. You already pay Social (in)Security tax and now you will have to pay an additional amount to a "guaranteed retirement" for government

Comments

[noxcat]

Uhm, one small problem - that billions f dollars in bank bailouts?? Bush'd doing, not Obama's. I will not vote for candidates who think less regulation is a good answer to the problem. Less regulation would mean no air bags in cars, no FDIC for my bank deposits, no anti monopoly laws. All of these things are good, bot bad.