Author Topic: EU central bank (ECB) begins looting private property  (Read 1711 times)

Offline JustKari

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Re: EU central bank (ECB) begins looting private property
« Reply #15 on: April 07, 2013, 03:52:09 PM »
I guess PINO thought this was a great idea and he is including.g it in his new budget.  Hopefully this budget will get just as many votes as his last one.  :glare:
http://www.breitbart.com/Big-Government/2013/04/05/Obama-Budget-to-Target-Success-by-Capping-Retirement-Accounts-at-3-Million

Quote
According to a White House statement,the Obama administration believes the current rules allow some wealthy individuals "to accumulate many millions of dollars in these accounts, substantially more than is needed to fund reasonable levels of retirement saving."

"The budget would limit an individual’s total balance across tax-preferred accounts to an amount sufficient to finance an annuity of not more than $205,000 per year in retirement, or about $3 million in 2013," the statement said. "This proposal would raise $9 billion over 10 years."



 

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