20121127

Leftists Going After Your 401(k) Next

From AEI comes Class Warfare's Next Target: 401(k) Savings.
"BusinessWeek reports that the Treasury and Labor departments are asking for public comment on "the conversion of 401(k) savings and Individual Retirement Accounts into annuities or other steady payment streams." In plain English, the idea is for the government to take your retirement savings in return for a promise to pay you some monthly benefit in your retirement years."
The responsible people will continue to be punished by leftists in order to buy votes from the irresponsible. The more bad behavior is rewarded, the more society will get of those behaviors. Eventually, Atlas will shrug.