Democratic leaders in the U.S. House discuss confiscating 401(k)s, IRAs

[SLCPUNK]

Originally Posted by ShoppingCartLaw

Not all whites are Republicans.
The minorities who are Republicans are out busting their a** working.
They couldn't go to the rallies.

Not all Republicans are stupid. But an awful lot of stupid people are Republicans.

[dixiegirl7]

Originally Posted by odanny

Theyve been dead for quite sometime now, unless you are an old white guy or an idiot. Then you vote Republican.

Obama only won the election by about 7% so I highly doubt it was only old dumb white guys voting Republican. That is quite a few if so. Why do you people say such ignorant things.

[helenejen]

Originally Posted by RayinAK

Increased education and protection for those using 401Ks? Why should these folks (including me) need "increased education and protection"? Do you even understand what a 401K retirement plan is? What the Democrats would like to do is to tax us. In other words take a great portion of the money we now invest away from us. Instead of not being taxable income, they will make it taxable, and controlled by the S.S.A.

If they go along with that plan, I will pull out all my money and take the 30% penalty. At least I will keep some of it.

It sounds like you could really benefit from reading the link I provided earlier. The first witness made the following recommendation: "I would recommend that Congress instruct the Department of Labor to develop educational materials specifically for 401(k) participants that have reached age 50 to assist them in better managing their account in preparation for retirement."

I just don't get people who comment when they haven't even read a link that a poster provides.

[SLCPUNK]

Originally Posted by helenejen

I just don't get people who comment when they haven't even read a link that a poster provides.

It would render their pseudo-outrage utterly useless, and make them confront their own stupidity. So they avoid it like the plague.