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Last post 11 years ago by jetblasted. 42 replies replies.
Obama Wants to Confiscate all IRA funds over $3M????
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chemyst Offline
#1 Posted: Wed, Apr 10 2013, 10:25 PM EST
Joined: 05-29-2006
Posts: 1,674
Not that I have to worry, but that seems a bit Commie.

They establish the rules to encourage people to save their money,
then when some jerk gets elected he wants to take away elders'
life savings, just because they're successful. (not to mention Medicare)

This is almost the same as when they confiscated our individual
Soc. Sec. accounts, and spent it on the Vietnam War and for
Welfare. And we now know how that worked out. Politicians
are dinosaurs... Genus:Jerkus Species:Maximus.
cacman Offline
#2 Posted: Wed, Apr 10 2013, 11:52 PM EST
Joined: 07-03-2010
Posts: 12,216
His whole campaign was based on these type of socialist principles. People voted that's what they want. Why is it a surprise now?

What's scarier is that the amount that depend on the guberment rises faster than those than those that could possibly be effected in their lifetime.

Of course I would expect that our guberment officials will again be exempt from any such measures on the American people.
DrafterX Offline
#3 Posted: Thu, Apr 11 2013, 7:42 AM EST
Joined: 10-18-2005
Posts: 98,559
That Bassard..!! Mad
daveincincy Offline
#4 Posted: Thu, Apr 11 2013, 9:39 AM EST
Joined: 08-11-2006
Posts: 20,033
Confiscate? As in, "oh, hey, I'll be taking that now...thanks." What's the purpose?

In addition to what cacman said, with the amount of people rising who are dependant on the government, they will be completely onboard with this if they feel they will lose their benefits (handouts).

It's like Obama is sitting back in his big leather chair saying, "I love it when a plan comes together." ...just not in a cool John "Hannibal" A-Team way, but more like a Mr. Burns (Simpsons) way.
jpellegrin Offline
#5 Posted: Thu, Apr 11 2013, 9:45 AM EST
Joined: 11-16-2012
Posts: 1,027
daveincincy wrote:
Confiscate? As in, "oh, hey, I'll be taking that now...thanks." What's the purpose?

In addition to what cacman said, with the amount of people rising who are dependant on the government, they will be completely onboard with this if they feel they will lose their benefits (handouts).

It's like Obama is sitting back in his big leather chair saying, "I love it when a plan comes together." ...just not in a cool John "Hannibal" A-Team way, but more like a Mr. Burns (Simpsons) way.





Applause Applause Applause Applause Applause Applause Applause Applause Applause Applause Applause Applause Applause Applause Applause Applause Applause Applause Applause Applause Applause Applause Applause
dstieger Offline
#6 Posted: Thu, Apr 11 2013, 9:49 AM EST
Joined: 06-22-2007
Posts: 10,889
Come back to earth and take a short break from Planet Fox, please. Confiscate? Confiscate? The plan doesn't even limit the amount you can have in the account. It does limit $3M to the IRA tax incentive. This top of the lungs chicken little stuff directly contributes to the right's credibility issues. Probably as much or more than the '47% sense of entitlement bloc'.
HockeyDad Offline
#7 Posted: Thu, Apr 11 2013, 10:00 AM EST
Joined: 09-20-2000
Posts: 46,156
IRAs...Roth IRAs...401Ks will all be targets for taxation or confiscation. The only question is when. Austerity is going to suck for the rich. The problem is "rich" will be defined as anyone with a job or savings or real estate.
Buckwheat Offline
#8 Posted: Thu, Apr 11 2013, 10:32 AM EST
Joined: 04-15-2004
Posts: 12,251
dstieger wrote:
Come back to earth and take a short break from Planet Fox, please. Confiscate? Confiscate? The plan doesn't even limit the amount you can have in the account. It does limit $3M to the IRA tax incentive. This top of the lungs chicken little stuff directly contributes to the right's credibility issues. Probably as much or more than the '47% sense of entitlement bloc'.




Agreed. Is this a proposed plan or is this law?
Don't know the source for this "Confiscation" but I'd be interested in seeing it. The devil is in the details not the rhetoric. ram27bat
victor809 Offline
#9 Posted: Thu, Apr 11 2013, 11:01 AM EST
Joined: 10-14-2011
Posts: 23,866
Buckwheat wrote:
The devil is in the details not the rhetoric. ram27bat


silence. that sort of thinking has no place in cbid forums.
paulkeck Offline
#10 Posted: Thu, Apr 11 2013, 11:19 AM EST
Joined: 02-24-2013
Posts: 2,686
victor809 wrote:
silence. that sort of thinking has no place in cbid forums.


All Knowing has spoken!!!
teedubbya Offline
#11 Posted: Thu, Apr 11 2013, 11:52 AM EST
Joined: 08-14-2003
Posts: 95,637
In related news the sky is falling
DrafterX Offline
#12 Posted: Thu, Apr 11 2013, 11:58 AM EST
Joined: 10-18-2005
Posts: 98,559
I actually found a piece and put in a box.... think I'm gonna ebay it... what do you think I can get..??? Huh
paulkeck Offline
#13 Posted: Thu, Apr 11 2013, 1:29 PM EST
Joined: 02-24-2013
Posts: 2,686
DrafterX wrote:
I actually found a piece and put in a box.... think I'm gonna ebay it... what do you think I can get..??? Huh

i dont know as Victor!!!
Bluedevil Offline
#14 Posted: Thu, Apr 11 2013, 2:39 PM EST
Joined: 06-16-2006
Posts: 7,383
Just Wait, he's just getting started !!
teedubbya Offline
#15 Posted: Thu, Apr 11 2013, 2:43 PM EST
Joined: 08-14-2003
Posts: 95,637
Bluedevil wrote:
Just Wait, he's just getting started !!


you mean we will make something else up tomorrow and argue with it?
DrafterX Offline
#16 Posted: Thu, Apr 11 2013, 2:45 PM EST
Joined: 10-18-2005
Posts: 98,559
teedubbya wrote:
you mean we will make something else up tomorrow and argue with it?




sounds like a plan..!! ThumpUp
victor809 Offline
#17 Posted: Thu, Apr 11 2013, 2:45 PM EST
Joined: 10-14-2011
Posts: 23,866
... what, do you expect tomorrow to be any different from yesterday?
DrafterX Offline
#18 Posted: Thu, Apr 11 2013, 2:49 PM EST
Joined: 10-18-2005
Posts: 98,559
same Bat channel..??? Huh
Buckwheat Offline
#19 Posted: Thu, Apr 11 2013, 3:01 PM EST
Joined: 04-15-2004
Posts: 12,251
After doing a little reading on this it looks like BO has buried in the proposed budget a limit on the amount of tax deferred deposits into retirement accounts. The limit would be ~3 Million dollars of tax deferred deposits or $205,000 a year you could get from your retirement account if it were converted to an annuity. The proposed piece of the budget would currently affect just 0.03% of retirement accounts, says the Employee Benefit Research Institute.

Parts C'nP from http://www.cnbc.com/id/100633882

Just some of the info that I was looking for. Hell, I certainly don't have to worry about this. Maybe one day (but everything will change 100 times before I have to worry about it.) I just want to get my taxes filed and get some money back before its all spent.
dpnewell Offline
#20 Posted: Thu, Apr 11 2013, 3:19 PM EST
Joined: 03-16-2009
Posts: 7,491
How does Obama plan on getting his hands on the Irish Republic Army's money? I thought they officially dissolved back in '05.
DrafterX Offline
#21 Posted: Thu, Apr 11 2013, 3:38 PM EST
Joined: 10-18-2005
Posts: 98,559
Luckily I keep all my extra cash over in Cypress.... Beer
HockeyDad Offline
#22 Posted: Thu, Apr 11 2013, 11:06 PM EST
Joined: 09-20-2000
Posts: 46,156
Buckwheat wrote:
After doing a little reading on this it looks like BO has buried in the proposed budget a limit on the amount of tax deferred deposits into retirement accounts. The limit would be ~3 Million dollars of tax deferred deposits or $205,000 a year you could get from your retirement account if it were converted to an annuity. The proposed piece of the budget would currently affect just 0.03% of retirement accounts, says the Employee Benefit Research Institute.

Parts C'nP from http://www.cnbc.com/id/100633882

Just some of the info that I was looking for. Hell, I certainly don't have to worry about this. Maybe one day (but everything will change 100 times before I have to worry about it.) I just want to get my taxes filed and get some money back before its all spent.


We have effectively replaced the idea of working hard and getting ahead with class warfare. Being succsessful is now a bad thing that should be taxed and punished. It sounds wonderful to the unwashed masses.
cacman Offline
#23 Posted: Thu, Apr 11 2013, 11:13 PM EST
Joined: 07-03-2010
Posts: 12,216
HockeyDad wrote:
We have effectively replaced the idea of working hard and getting ahead with class warfare. Being succsessful is now a bad thing that should be taxed and punished. It sounds wonderful to the unwashed masses.

Reminiscent of the 60's... It's once again a crime to own property and be prosperous.
Easy to forget the the boom in construction and housing is fluffed-up by the Fed's investment of $40mil/month in housing & construction. Another bubble being filled.
RICKAMAVEN Offline
#24 Posted: Fri, Apr 12 2013, 12:14 AM EST
Joined: 10-01-2000
Posts: 33,248
some fool comes up with some rumour and the debate is on
ZRX1200 Offline
#25 Posted: Fri, Apr 12 2013, 12:29 AM EST
Joined: 07-08-2007
Posts: 60,626
MAYBE THEY SHOULD HAVE JUST DONE A COMMERCIAL WITH OBAMA ROLLING SOME GUY OFF A CLIFF IN A GOLDEN WHEELCHAIR.

ENUENDO IS MORE ACCEPTABLE BY BRAVE SOULS WHO HAVE DEEP ROOTED CONVICTIONS THAT THEY DON'T WANT PUBLIC.


(UNLESS THEY'RE SCORING SOME WILLING or not ASS IN A OCCUPY TENT)
Sick
HockeyDad Offline
#26 Posted: Fri, Apr 12 2013, 1:22 AM EST
Joined: 09-20-2000
Posts: 46,156



We need to raise Medicare premiums and cut Social Security. (Oh wait, Obama's proposing that also!)

All that is missing is activation of the death panels.

Thinning the herd, one old person at a time.
DrMaddVibe Offline
#27 Posted: Fri, Apr 12 2013, 6:17 AM EST
Joined: 10-21-2000
Posts: 55,489
teedubbya wrote:
In related news the sky is falling



The reality of that happened in Cyprus. I created a thread where I dared ask...when will this happen here.

American's will not take to the streets. They've been pacified. They like the free stuff. They're also dumber now than they were in the 60-70's when they realized shutting down DC with riots and protests were the order of the day.

They changed the American mindset.

It won't happened again.
teedubbya Offline
#28 Posted: Fri, Apr 12 2013, 9:37 AM EST
Joined: 08-14-2003
Posts: 95,637
I knew a guy in college (roughly 25ish years ago) who was really cool. His name was Emitt something or other (I never could pronounce his last name....something like Frowncrownin III) He saw the bad in everything the country did and predicted our demise on a daily basis. All empires end blah blah blah. It is true (so it's a safe bet) it's just a matter of timing. Anything that happened around the world or any specific event that happened to directly support his view was amplified, yet he was oblivious to the things that didn't support his view. I'm pretty sure he's still waiting for the world to end. His dad was cool though, he always had beer on tap.

The funny part is he is was a flaming liberal. Sure he called himself an independent or libertarian (code at the time for pot smoker) but he was a lib. It was Reagan era and Reagan's message was America's best days were ahead. The republicans at the time (self included) called Emmit out on being a foolish lib and for pretending to be some sort of glib deep thinker that knew more than others. They/we were right about that. Some called him unpatriotic. I'm not so sure about that one. He was worried about our country in his own way.

He was wrong about the imminent demise however (one thing he happened to be worried about was the ballooning deficit under Reagan..it was massive for the time, now it seems small). It's the equivelent to walking around every day saying we are going to die. Yes we are. We all will. Again, it's a matter of timing. If you think you have an imminent disease and are going to die soon that's one thing. If it's 25 years later maybe you were a little wrong (even though it is true you will die). You can walk around saying we are going to die and never be technically wrong. Then when you die you will be right and smarter than everyone else! You can spend a lot of time ruminating on the fact you are going to die.

Meh. It is interesting to me to see repuplicans/conservatives etc being the doom and gloomers. Oh yea I mean independants and libertarians that hate all things liberal.

Yes we have many issues and can not stick our heads in the sand. Yes the country will not exist forever and we will have more financial crisis. It's a matter of timing.

The sky IS falling, it just may not be when we think..
teedubbya Offline
#29 Posted: Fri, Apr 12 2013, 9:43 AM EST
Joined: 08-14-2003
Posts: 95,637
DMV I was not even thinking about you when I typed all that. I'm not placing you in any particular bucket. Just talking in general.
ZRX1200 Offline
#30 Posted: Fri, Apr 12 2013, 10:01 AM EST
Joined: 07-08-2007
Posts: 60,626
It's like my whole political structure intellectually just got jihaded by a TW personal antidote suicide bomb.......












Wow.
dstieger Offline
#31 Posted: Fri, Apr 12 2013, 10:12 AM EST
Joined: 06-22-2007
Posts: 10,889
Good post, TW....we're going to need a bigger bucket
daveincincy Offline
#32 Posted: Fri, Apr 12 2013, 10:20 AM EST
Joined: 08-11-2006
Posts: 20,033
The death rate is hovering at 100%


....and with my 3D glasses on I can read Rick's replies with more clarity.
teedubbya Offline
#33 Posted: Fri, Apr 12 2013, 10:39 AM EST
Joined: 08-14-2003
Posts: 95,637
the thing is mutually exclusive logic kicks in. you either need to have your eyes closed and head in the sand or admit the sky is falling. It is not possible to think anything in between.
bloody spaniard Offline
#34 Posted: Fri, Apr 12 2013, 10:51 AM EST
Joined: 03-14-2003
Posts: 43,802
teedubbya wrote:
the thing is mutually exclusive logic kicks in. you either need to have your eyes closed and head in the sand or admit the sky is falling. It is not possible to think anything in between.



I'm sure everyone from Marie Antoinette to our government unions have a firm grip on reality and were not insulated.
Whether or not things are getting better or not will be judged by one's pocketbook.
Points of views are udderly mooooot. Don't have a cow.
teedubbya Offline
#35 Posted: Fri, Apr 12 2013, 10:53 AM EST
Joined: 08-14-2003
Posts: 95,637
bloody spaniard wrote:
I'm sure everyone from Marie Antoinette to our government unions have a firm grip on reality and were not insulated.
Whether or not things are getting better or not will be judged by one's pocketbook.
Points of views are udderly mooooot. Don't have a cow.


Exactly. Foo
RICKAMAVEN Offline
#36 Posted: Fri, Apr 12 2013, 2:53 PM EST
Joined: 10-01-2000
Posts: 33,248
z 25

ENUENDO IS MORE ACCEPTABLE BY BRAVE SOULS WHO HAVE DEEP

ROOTED CONVICTIONS THAT THEY DON'T WANT PUBLIC


AND TWO FARTHINGS MAKE a dubloon.

z if you could explain that enuendo

quote, i'll sleep better tonight
ZRX1200 Offline
#37 Posted: Fri, Apr 12 2013, 3:01 PM EST
Joined: 07-08-2007
Posts: 60,626
I'LL TRY........




I CALL QUARTERS MEXICAN DOUBLOONS.



HOPE TOBY IS WELL UNCLE RICK.
chemyst Offline
#38 Posted: Sun, Apr 14 2013, 11:30 PM EST
Joined: 05-29-2006
Posts: 1,674
Amounts over $3M today, and over $30K tomorrow, then $3K next decade... a slippery, socialist slope.
cacman Offline
#39 Posted: Tue, Apr 16 2013, 1:52 AM EST
Joined: 07-03-2010
Posts: 12,216
chemyst wrote:
Amounts over $3M today, and over $30K tomorrow, then $3K next decade... a slippery, socialist slope.

Once it starts there is no going back.
jetblasted Offline
#40 Posted: Tue, Apr 16 2013, 2:19 AM EST
Joined: 08-30-2004
Posts: 42,595
meh ... I make 40k a year. Screw the rich bitches. It doesn't affect me. Yawn.
jetblasted Offline
#41 Posted: Tue, Apr 16 2013, 2:20 AM EST
Joined: 08-30-2004
Posts: 42,595
WAIT ! ! ! ! ! ! !

My Parents have money ! ! ! ! ! !

What about them ?????
jetblasted Offline
#42 Posted: Tue, Apr 16 2013, 2:24 AM EST
Joined: 08-30-2004
Posts: 42,595
Who am I kidding . . .

They're pissed at me because I hang out with hussies . . .
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