tag:blogger.com,1999:blog-12703782.post6358417786511569166..comments2020-04-11T03:30:02.282-05:00Gary R. Welshhttp://www.blogger.com/profile/15185079937305083438noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-12703782.post-21574406790035338392008-11-10T08:55:00.000-05:002008-11-10T08:55:00.000-05:00The only "sharing of the wealth" here is to the Federal Government. Just another form of taxation. No redistribution of the wealth from the rich to the poor. Just more money to the porkmeisters in congress.varangianguardhttps://www.blogger.com/profile/12571595354792261993noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-32804368540085476522008-11-10T07:58:00.000-05:002008-11-10T07:58:00.000-05:00The social security payroll tax is on top of the 5% payroll deduction for the GSA.Gary R. Welshhttps://www.blogger.com/profile/15185079937305083438noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-35321845116129748982008-11-09T23:26:00.000-05:002008-11-09T23:26:00.000-05:00Sean, <BR/><BR/>That's why they want to eliminate the right of the individual to own and posses firearms. Just for the simple fact that when the majority of people in this country finally understand what has happened, the people, the ignorant masses, won't have anyway of fighting back against the abuses and tyranny we are about to face. God help us all!Shofarhttps://www.blogger.com/profile/10797039592108775302noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-72577715418636880132008-11-09T20:23:00.000-05:002008-11-09T20:23:00.000-05:005% by employee, with employer match. so does that mean self-employed folks like yourself get dinged for 10% and have no control over how your money is invested? And this is on top of the 7.5% with employer match for social (in)security?<BR/><BR/>Sean - If my 401K were doing better I'd agree with you. ;) Seriously thought, it's a great time to buy into a 401K. Buy low - cash out when its high.Sir Hailstonehttps://www.blogger.com/profile/16301073859882785758noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-89943312773861185462008-11-09T19:17:00.000-05:002008-11-09T19:17:00.000-05:00One would think, Sean, but I have a horrible feeling about what is going to happen to our country over the next few years.Gary R. Welshhttps://www.blogger.com/profile/15185079937305083438noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-13535601059196452332008-11-09T17:54:00.000-05:002008-11-09T17:54:00.000-05:00Government policies and economic mismanagement destroy our economy and then they blame investors or the market for failing. THEN, government folks come in and want to take it all over. <BR/><BR/>Like Glenn Beck says, "blood is shooting out of my eyes".<BR/><BR/>If they were to seek to confiscate 401ks and IRAs in favor of some big government "spread the wealth" program I would be very shocked if there weren't armed masses in the streets demanding redress.Sean Shepardhttps://www.blogger.com/profile/04784017076656340302noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-88039354221104318522008-11-09T11:26:00.000-05:002008-11-09T11:26:00.000-05:00I heard a clip of this woman being played on a conservative talk show. She also used the term "spreading the wealth." Amazing.<BR/><BR/>I'm glad she thinks humans are too dumb to make financial decisions, but the government is.Nickhttps://www.blogger.com/profile/12806967747529139507noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-74421819069477603982008-11-09T10:44:00.000-05:002008-11-09T10:44:00.000-05:00Over at HFFT, I simply cut and pasted that Carolina Journal article. <BR/><BR/>What I didn't expect was the number of hits we got. IN fact I received a record number of google hits searching "401k confiscation". <BR/><BR/>People seem to know what is going on.M Theoryhttps://www.blogger.com/profile/01892309818226431745noreply@blogger.com