Originally Posted by
3 green
I predict in the near future that they raise taxes on 401k withdrawals based on how much you have in your 401k or based on how much you withdraw. I see no way to avoid this with the huge debt problem in the USA. Go after people who have money in order to pay off some debt...In other words, punish responsible people who have saved money.
The coming money grab(s) will be staggering. Especially for us "rich" airline pilots, which is absolutely what we are to well over 50%+1 in our "democracy". It won't be used to "pay off debt" though. Far from it. It will be for direct transfer entitlements to every "citizen of the world" that wants to come here and take it.
Good to see them expanding the 529 scam though. Big Ed has probably already started raising prices more than the savvy savings like they always do. Suckers born every minute and all that.