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Posted: 3/27/2019 6:09:30 PM EST
[#1]
So people who sacrifice now and put money away for the future get fucked and get their money taken and given to people that did nothing right and spent their life impulse purchasing and other bad decisions?
Yeah, that’d get people shooting, |
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Posted: 3/27/2019 6:09:42 PM EST
[#2]
Quote HistoryQuoted:
Stop using logic and facts to understand socialisim |
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Posted: 3/27/2019 6:09:50 PM EST
[#3]
Quote HistoryQuoted:
They won’t seize it. They might tax it. Or use it for means testing social security. The government isn’t just going to sieze anything. |
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Posted: 3/27/2019 6:12:10 PM EST
[#4]
Quote HistoryQuoted:
There would be a price to pay if my 401K got cashed by someone other than me. |
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Posted: 3/27/2019 6:12:18 PM EST
[#5]
Quote HistoryQuoted:
I recently said fuck it and cashed mine out. Paid the penalty and all. Bought a second house and started renting one out. My retirement plan is 100% RE now. I'm hoping to add more properties as soon as I can. |
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Posted: 3/27/2019 6:12:35 PM EST
[#6]
Quote HistoryQuoted:
There would, and should, be blood if that happens. |
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Posted: 3/27/2019 6:13:22 PM EST
[#7]
Quit drink the infowars kool aid
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Posted: 3/27/2019 6:13:22 PM EST
[#8]
By the time socialism is here, all of your accounts will be worthless anyway.
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Posted: 3/27/2019 6:14:06 PM EST
[#9]
Quote HistoryQuoted:
Lol. If 401ks are seized it’s open season on bank/armored car robbery, Federal property seizure by citizens, and everything else that can of worms comes with. |
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Posted: 3/27/2019 6:14:47 PM EST
[#10]
Quote HistoryQuoted:
So people who sacrifice now and put money away for the future get fucked and get their money taken and given to people that did nothing right and spent their life impulse purchasing and other bad decisions? Yeah, that’d get people shooting, It's much harder to outright rob an armed populace. |
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Posted: 3/27/2019 6:15:20 PM EST
[#11]
Quote HistoryQuoted:
So people who sacrifice now and put money away for the future get fucked and get their money taken and given to people that did nothing right and spent their life impulse purchasing and other bad decisions? Yeah, that’d get people shooting, |
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Posted: 3/27/2019 6:15:57 PM EST
[#12]
Quote HistoryQuoted: Lol that is why they would disarm you first. It's much harder to outright rob an armed populace. |
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Posted: 3/27/2019 6:16:24 PM EST
[#13]
Quote HistoryQuoted: Yep I would do this, although I would be pissed at losing out on all those interest gains. |
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Posted: 3/27/2019 6:16:59 PM EST
[#14]
Quote HistoryQuoted: LOL, they won't do shit! But roll over and show their bellies, like good submissive dogs. |
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Posted: 3/27/2019 6:18:08 PM EST
[#15]
Demographics indicate latin american authoritarian shithole inbound and nigh inevitable.
Trump won and it is still literally worse. Turn your normalcy bias to 11 and enjoy denial while you can. As but one example, how much has health |
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Posted: 3/27/2019 6:19:18 PM EST
[#16]
They will tax your holdings and they will tax your contributions and they will tax your withdrawals until there is nothing left.
They will rob you at every turn until they own it all. Then they will squander it. After that, they will own your real property, then your body and lastly your soul. |
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Posted: 3/27/2019 6:19:48 PM EST
[#17]
Quote HistoryQuoted:
But will you gladly hand over your guns at your door when they come for them? |
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Posted: 3/27/2019 6:22:50 PM EST
[#18]
If there is going to be a redistribution for the sake of portfolio equality, it will probably be funded by taxing existing 401k assets (not merely income).
If that's not enough, then taxing financial assets in general. Then assets in general. IIRC, asset taxation was used in the last few years in France to get over a severe budget shortfall. It was to be a one-time thing. Yeah right. Have another beer. BTW, it will never be enough. 
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Posted: 3/27/2019 6:24:47 PM EST
[#19]
No, they'll take it, and when J.Q. Public marches in the streets, gubmint will add a zero or two to everybody's balance, making everybody rich, and calming them down.
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Posted: 3/27/2019 6:25:27 PM EST
[#20]
During the early years of the Obama administration there was a Soros backed think tank group that was promoting GRAs. The government would seize private retirement funds to bail out the social security trust fund. You would only get a portion of your private retirement savings depending on your "requirements". When you die, your funds don't go to your estate. The government would manage the investments.
The website doesn't appear to be active anymore. I've looked for it whenever these threads popped up the last couple years. |
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Posted: 3/27/2019 6:26:00 PM EST
[#21]
Quoted:
I don’t see how this could work - most money is in stocks and bonds and all based on good faith and speculation. Wouldn’t that instantly devalue everything in said accounts? |
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Posted: 3/27/2019 6:29:59 PM EST
[#22]
Quote HistoryQuoted:
You could have done all of that inside an IRA, how sad. Quote HistoryQuoted:
Quoted:
I recently said fuck it and cashed mine out. Paid the penalty and all. Bought a second house and started renting one out. My retirement plan is 100% RE now. I'm hoping to add more properties as soon as I can. |
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Posted: 3/27/2019 6:32:22 PM EST
[#23]
No they'll just implement a 10% withdrawal fee. That fee will be deposited into government IRAs for low income individuals.
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Posted: 3/27/2019 6:32:31 PM EST
[#24]
Quote HistoryQuoted:
I don't see how allowing in unlimited third worlders who can barely/not speak English, have no skills and immediately go on public benefits is supposed to "work". An individual's incredulity doesn't stop an insane reality from playing out. |
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Posted: 3/27/2019 6:32:37 PM EST
[#25]
SAND
--------------------------------- SAND |
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Posted: 3/27/2019 6:37:09 PM EST
[#26]
R's want open borders and gun control.
Need a better solution. |
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Posted: 3/27/2019 6:38:46 PM EST
[#27]
It's economic suicide. Most congressman are smarter than that. Even raising taxes has negative political consequences.
Politically savvy congressmen realize they can just keep spending more than income and nobody loses votes. The Fed will print the money needed and everyone will slowly notice their buying power evaporate. But it's far easier to accomplish politically than heavily taxing retirement accounts. People with market holdings will be happy about their wonderful market growth. Poor people will be happy with their monthly government checks. The losers are those who hold cash. |
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Posted: 3/27/2019 6:44:32 PM EST
[#28]
These trash will do whatever buys them votes.
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Posted: 3/27/2019 6:49:36 PM EST
[#29]
The left would be just as pissed about any 401k seizing. They have just as many people with retirement savings as the right. Taxing Roth IRAs when they’re cashed out I can see though.
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Posted: 3/27/2019 6:59:57 PM EST
[#30]
Quote HistoryQuoted:
...which would be used as justification for a police state and disarming the population. That plays into the hands of the authoritarian fucks, they wouldn't give two shits if a few Brinks drivers get ventilated in the process. The government is non-existent at that point because they are now stealing from citizens. The persons in charge are now criminals. |
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Posted: 3/27/2019 7:00:59 PM EST
[#31]
Quote HistoryQuoted:
Ouch, renting in Oregon. Good luck there my friend. You're going to get hosed with the new laws that just passed. |
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Posted: 3/27/2019 7:01:34 PM EST
[#32]
Quote HistoryQuoted: LOL, they won't do shit! But roll over and show their bellies, like good submissive dogs. It doesn’t necessarily have to be a train robbery and shooting it out. |
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Posted: 3/27/2019 7:21:45 PM EST
[#33]
Feds are already in charge of your 401k. They tell you when you can access your money and they penalize you if you pull it early. They tell you when you have to start drawing it down. If you don't draw it down at a rate they approve, they penalize you. And even despite your last wishes, in the event of your untimely demise you may NOT assign anyone other than your spouse (if you are married) as beneficiary. Doesn't matter if you worked 50 years before marrying your current spouse, even if you were only married for 1 day at the time of death, the widow gets the money even if the deceased wanted that money to go to his kids from a previous marriage. And lastly, the money you earn from your 401k is currently taxed at the same rate as wage income rather than as capital gain. Additional taxation on your nest egg is inevitable. Yay 401k!
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Posted: 3/27/2019 7:23:44 PM EST
[#34]
US government was seizing privately possessed precious metals less than 100 years ago.
"This cannot be done!" LOL Shit they have already floated the idea twice recently. |
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Posted: 3/27/2019 7:41:01 PM EST
[#35]
They will seize 401ks in a roundabout way. They, Democrats/socialists have been taking about it for some time now.
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Posted: 3/27/2019 7:44:20 PM EST
[#36]
Quote HistoryQuoted:
You do you and I’ll do me. If it’s ever done to me I got ways of getting my property value back without causing attention. Scamming citizens who support the oppressive regime, etc. It doesn’t necessarily have to be a train robbery and shooting it out. Quote HistoryQuoted:
Quoted: LOL, they won't do shit! But roll over and show their bellies, like good submissive dogs. It doesn’t necessarily have to be a train robbery and shooting it out. |
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Posted: 3/27/2019 7:46:54 PM EST
[#37]
Quote HistoryQuoted:
Lol that is why they would disarm you first. It's much harder to outright rob an armed populace. Quote HistoryQuoted:
Quoted:
So people who sacrifice now and put money away for the future get fucked and get their money taken and given to people that did nothing right and spent their life impulse purchasing and other bad decisions? Yeah, that’d get people shooting, It's much harder to outright rob an armed populace. |
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Posted: 3/27/2019 7:50:31 PM EST
[#38]
Quote HistoryQuoted:
Politically savvy congressmen realize they can just keep spending more than income and nobody loses votes. The Fed will print the money needed and everyone will slowly notice their buying power evaporate. But it's far easier to accomplish politically than heavily taxing retirement accounts. People with market holdings will be happy about their wonderful market growth. Poor people will be happy with their monthly government checks. The losers are those who hold cash. they will and already have been bleeding your 401ks with the endless printing of money. |
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Posted: 3/27/2019 7:52:50 PM EST
[#39]
Quote HistoryQuoted:
During the early years of the Obama administration there was a Soros backed think tank group that was promoting GRAs. The government would seize private retirement funds to bail out the social security trust fund. You would only get a portion of your private retirement savings depending on your "requirements". When you die, your funds don't go to your estate. The government would manage the investments. The website doesn't appear to be active anymore. I've looked for it whenever these threads popped up the last couple years. |
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Posted: 3/27/2019 7:54:21 PM EST
[#40]
Quote HistoryQuoted:
You'll have to sell eventually to convert your 401k assets into money to buy groceries, they're just going to tax the bejeezus out of us when we do. Yeah yeah Roth, good luck, nobody can guarantee that the Congress of 2042 won't gleefully hose you, tax laws certainly aren't written in stone. During the 08'-09' crisis the plan Democrats were pushing didn't touch existing 401k's (yet), it would create super duper safe federal bonds (loans to the government) that gave pathetic returns, from the point of inception forward everybody would be forced to buy said bonds, with a bunch of means testing forcing middle and high income earners to subsidize the poor so that all of our retirements would suck. Would have siphoned off the cash flow into new 401k's. It also rolled all of the imploding public pension plans into the same program so the rest of us would have to eat their losses. AFL-CIO was a major promoter. |
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Posted: 3/27/2019 7:57:38 PM EST
[#41]
Quote HistoryQuoted:
It would instantly devalue my ammo fort because I'd cash that in at high velocity speeds.... Not being a dick. The bank? Your investment advisor? Cops? Mayor? ??????? Seriously |
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Posted: 3/27/2019 7:59:10 PM EST
[#42]
Quote HistoryQuoted:
Yeah they steal 401ks & it's game on. |
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Posted: 3/27/2019 7:59:40 PM EST
[#43]
Quote HistoryQuoted:
They won't just take it, they will take it. Imagine if all your investment accounts were taxed at 20-40% or so each year. No need to rob you again. If inflation goes up what happens to the value of the debt? |
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Posted: 3/27/2019 8:01:36 PM EST
[#44]
401k's cannot be seized by the United States government without a constitutional amendment.
Luckily, that ain't gonna happen in my life time.... |
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Posted: 3/27/2019 8:02:46 PM EST
[#45]
Quote HistoryQuoted:
401k's won't be seized anytime soon. But when enough Millennials and Zoomers get the numbers to become the majority voting block it will happen....... because it's not fair that you have a 401k and they have been carrying student loan debt for 40+ years and making minimum wage with their meme degree. |
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Posted: 3/27/2019 8:05:17 PM EST
[#46]
Quote HistoryQuoted: On who? Not being a dick. The bank? Your investment advisor? Cops? Mayor? ??????? Seriously |
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Posted: 3/27/2019 8:09:00 PM EST
[#47]
So who's gonna be the party to vote for to keep this from happening
Democrats or Republicans? |
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Posted: 3/27/2019 8:10:59 PM EST
[#48]
What would you 20 something guys do? The 30 somethings with kids?
Some of us owe no one anything. Be prepared to defend that if you want to keep it. Don’t give me a wedgie. |
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Posted: 3/27/2019 8:12:08 PM EST
[#49]
Lehman brothers, Enron .... there’s many examples of people’s entire retirements getting completely wiped out.
The C suite might serve a couple months here and there in those minimum security prisons. But nobody got shot, beat up or otherwise harmed. Sure there’s some belly aching here and there but not much after that. So you guys that say the shooting is gonna start, historically this hasn’t been the case. |
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Posted: 3/27/2019 8:23:57 PM EST
[#50]
Laughs in BTC, XMR, and XZC.
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