First Shot: Obama Proposes Retirement Account Limit In First “Wealth Tax” Salvo

Tarpon's Swamp

And this from Obama “the Alynski agitator” who never had a legitimate job in his miserable little life … You already have enough. According to whom?

The witch-hunt against the “rich” (as defined by a random group of people) through the establishment of creeping global capital controls continues.

Bear in mind Obama’s deficits run in the multiple Trillions.

Per The Hill, “The proposal would save around $9 billion over a decade, a senior administration official said, while also bringing more fairness to the tax code.” Ah yes, “fairness.” This means that as a result of the artificial limit, the Budget will set a total cap on retirement plans of about $3 million. Anything above that, feel free to please spend on your peas instead of saving, or just invest in Bernanke’s stock market ponzi. After all, that is the only artificial indicator Obama has to point to, when…

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Author: AKA John Galt

A small business owner, a tea party organizer, a son, father and husband who is not willing to sell out the future lives of his children.

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