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There are two more months before the new administration takes office, and financial advisors are seeing April in November. Anybody who wants to keep what they've worked hard to accumulate is looking for every possible way to Obama-proof their holdings.
Here's a plan: all of us who actually planned and saved should cash out our retirement plans and buy new Beemers and vacation homes, maybe even a boat or a few jet skis-- thereby helping the economy during this dismal slump-- and let all the liberals who voted for redistribution redistribute their wealth to us. They want to do it, so let's help them. Jumpstart the economy, spread the wealth, support their platform-- sounds like a win-win-win.
There are two more months before the new administration takes office, and financial advisors are seeing April in November. Anybody who wants to keep what they've worked hard to accumulate is looking for every possible way to Obama-proof their holdings.
Here's a plan: all of us who actually planned and saved should cash out our retirement plans and buy new Beemers and vacation homes, maybe even a boat or a few jet skis-- thereby helping the economy during this dismal slump-- and let all the liberals who voted for redistribution redistribute their wealth to us. They want to do it, so let's help them. Jumpstart the economy, spread the wealth, support their platform-- sounds like a win-win-win.
Sounds very tempting. Problem is I'd have to teach myself how to spend recklessly. Don't know if I have what it takes, lots of retraining involved. I'd be willing to try if it keeps by money out of their hands!
From the article:
"Even people who don’t pay taxes should get money from the government, paid for by higher-income Americans, he said. “There is no obvious reason why lower-income taxpayers or people who do not file income taxes should get smaller incentives (or no tax incentives at all),” Greenstein said."
So here's our answer..spend all your money and have nothing left because even those that don't pay taxes will get money from the government !
Or, if you want to continue working think of it like this..you have 2 kids but you have to save to put 4 kids through college..share the wealth.
I've been doing some reckless spending of my own. I withdrew my IRA, paid the taxes on it, and spent recklessly on gold (and silver). Just the physical; no mining stocks, futures, or ETFs.
Not sure whether gold will go up or down, but it can't do much worse than the Dow's been doing. And - it's nobody else's liability. Gold is a currency, and it's not debt-based.
Simple solution to this problem. Cash in the 401k, pay the penalties (or not), open an investment account in Panama with it. Obama and his crew will never see a dollar of it...
So this is the "change you can believe in"? Obamarx was upfront when he told Joe the Plumber about "sharing the wealth" .
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