This story is sickening. http://www.bloomberg.com/news/2013-04-05/obama-budget-calls-for-cap-on-romney-sized-iras.html
“Under current rules, some wealthy individuals are able to accumulate many millions of dollars in these accounts, substantially more than is needed to fund reasonable levels of retirement saving,” the statement said.
Who exactly are YOU to say what is a reasonable level of retirement savings for me? You don’t know my life, my responsibilities and IT’S MY MONEY. That I worked for and saved and invested smartly, not spending it, so that I have it for me and mine later.
I am the one working my butt off for years to make sure I have enough because unlike government stooges, I don’t have a tax-payer funded pension plan and health benefits to live off of for the rest of my days.
For every “Romney-sized” retirement account, there are tons more of “regular” people who socked money away for years and watched it grow. Doing nothing wrong. Doing the right thing which is saving for their retirement so they are NOT dependent on the government or anyone else.
And since there is *NO* way Social Security, that I pay into all my life (and might as well burn the money in the driveway for all the good it will do me), will be around to help me, shouldn’t I be doing everything I can to make sure I (and my family) will be OK?
I think the thing that makes me sick the most is this class warfare rhetoric is used over and over by a government that spends so much more than it can take in and sees nothing wrong with it. Just tax people more. And more. And more. Take. Take. Take. All the while these same guys are SO corrupt.
And people who have no intention on saving since they know the government “safety nets” will take care of them, and have no drive to change their situation (in no way can you argue that everyone wants to work as hard. No. Way.) are the ones who vote these idiots in. Repeatedly. Because why wouldn’t you?
The government continues to take steps that make being successful a bad thing. To strive to be successful is becoming more of a detriment since you can just live off your fellow citizen’s hard work while working much less.
This is not the American Way.