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Democrats Coming After Your Retirement Accounts

I realize that Social Security isn't going to be there for me when I retire; and that my Social Security payments are nothing but an additional income tax.  I realize that there is literally no money in the Social Security Trust.  Literally.  Fine.  While the Social Security scheme is crooked and corrupt, I have been able to tolerate it for one reason - my 401(k).With my 401(k), I'm able to contribute pre-tax dollars to a retirement account that will actually be there when I retire.  Or if it's not there, it will be gone due to my choices rather than the choices of my morally-bankrupt leaders in Congress.  I'm not alone: 33% of people in my "irresponsible, slacker" generation (21-to-30 year olds) contribute money to a 401(k).  As people get older, a greater proportion of them contribute to their 401(k)s...continue to full post

Full post as published by Crime & Federalism on October 29, 2008 (boomark / email).