Want a Secure Retirement? Join a Union or Work for the Government

The approximate $4 trillion invested in private retirement plans is now in the crosshairs of the administration. This confiscation has been discussed over the past four years but the “fiscal cliff” may be the excuse to accomplish the final phase of redistribution. What can you do? The only way to win is not to play the game: get out of the system.

Your only other alternative is to embrace evil.

David DeGerolamo

Does Government Want To Drain Americans’ 401(k) Plan?

War On Wealth: As Washington debates what to do about the fiscal cliff that it foolishly created, many potential sources of new revenue will be thrown on the table. One of them is likely to be 401(k) plans.

Retirement is an American’s reasonable expectation. We put money into investment plans so that our work today funds our hard-earned leisure of tomorrow.

But many in Washington see our investment accounts not as the expressions of well-planned, disciplined decisions but as untapped reservoirs of wealth they can drain to fix the problems that they caused.

The tax protection that 401(k)s have now can be wiped out by grasping politicians who refuse to do what’s right, which is to severely cut spending.

The war on retirement, particularly 401(k)s, is quiet now. But that’s because it’s a cold war.

And like the postwar tensions between the East and West, it could erupt at any time into a hot war.

One group of retirement plan professionals is warning that the hostilities might be closer than many of us think. The American Society of Pension Professionals and Actuaries launched on Monday, according to Reuters, “a media campaign intended to educate U.S. employers and workers that the federal government might consider changing the tax benefits of retirement savings accounts.”

More…

      
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One Response to Want a Secure Retirement? Join a Union or Work for the Government

  1. LT says:

    The terms “investor” and “investment” are now such a loaded weapons that their very use in any unqualified sense are vocalizations of pure nihilism -- among the instituted dangers of these words is an implied faith in fiat money (and the entities which issue it) and the trust-worthiness of a contrived “market” and those who run it.

    When you entrust your savings to an organization, be it an “investment bank”, union-run “pension program”, or a government tax scheme such as “Social Security” you become an “investor” in whatever the agenda of said organization is…whether you comprehend the implications of that fact or not.

    This is the trap implicit in ALL “retirement savings” programs. They are enticing (forcing) you to invest in their scheme for nothing more than a promise of some future benefit, typically in the form of an alleged “return” on your investment. In the mean time, however, the organization you have invested your money with will enjoy the use of your wealth for free, and will employ it for whatever their real purpose(s) are, without your informed consent.

    However, when the “return” is nothing more than an offset of the loss due to government-inflicted inflationary devaluation of your assets, there is no true gain -- most investors will, in fat, suffer a loss on their “retirement investments” when the scorecard is adjusted for inflation. However, since your “scorecard” (investment/SSI account) demonstrates an alleged “capital gain”, the government claims a “right” to tax you on it as though actual wealth was created. This is true of both public and private “retirement accounts”.

    Folks, wake the heck up. If you leave your money in the “market” today, you are a voluntary peon in the new serfdom, and are complicit in every sin and crime committed by those to whom you have entrusted your assets. If you store your savings in any asset denominated in units of fiat currency, you are a voluntary tax-slave and active supporter of inflationary theft by the government which issues said currency.

    Let me offer a simile which anyone over the age of 25 can comprehend -- if you have a 16 year old living in your household, your auto insurance rates go up **even if you don’t allow them to get a driver’s license**. This is because it is assumed (rightly, in most cases) that said 16 year old will drive your insured motor vehicle, regardless of whether they have your permission, or even a license. Now, if you give said 16-year old the car keys and a bottle of whiskey, then you are criminally as well as civilly liable for the outcome. Your money, in this case, is both the keys (permission) and the car (your asset), and those who manage your “invested” assets are plainly drunk on their own ability to trick you into handing said assets over without conditions. The taxes and inflationary wealth destruction you suffer in your investments are nothing more than the “skyrocketing” costs of insuring an entire society with a shriveling sense of responsibility, combined with an exploding population of those with an insatiable appetite for “free stuff”. In short, we are in this mess because we now have more juvenile delinquents with substance abuse issues behind the wheel than productive, accountable members of society. This applies to politics, investment banks, the management of most corporations and unions, and many other aspects of our society -- we are being driven to destruction by those with selfish and short-sighted goals and poor risk management skills, and some who can only be described as “considering life to be a demolition derby”.

    At this point if you want to preserve your assets, you have two choices: 1) get rid of the car so you can cancel the insurance, and re-arrange your life so you can get by only by riding the bus, or 2) take away the keys, and beat the fear of God into the psychopaths who are crashing your assets and our entire economy into every utility pole and fire hydrant they can find…

    There is an alternative -- Invest in *your* future, not the future of undisciplined and irreverent people whose primary skill is preying upon the unwary and/or uninformed. Buy investments which have intrinsic value, and which you can manage directly -- Bullets, Beans, and Band-Aids for the short and mid-term, and Land, Gold and Silver to rebuild society with, “when it is again safe to take to the streets.”

    The choice is yours -- withdraw your money; withdraw your consent; dump as much of your fiat-currency denominated holdings as you possibly can, and begin starving the demons…NOW. If you do not, then your consent is your own indictment and conviction.

    WE HAVE BEEN WARNED -- “Silence in the face of evil is itself evil: God will not hold us guiltless. Not to speak is to speak. Not to act is to act.” ― Dietrich Bonhoeffer

    LT
    ~Those who abuse Liberty, do so at their own peril!

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