Oregon Magazine  

E-RFD: Pelosi says, "Let's tax pensions!"
From: Winstonone@aol.com  (Edited for clarity)

Anyone who understands our monetary system knows that most retirement funds lose real value and are not exactly what a person hopes for at the end of their work life. Some types of funds do gain in real (with respect to inflation) value, and those typically go to people in the public sector. We contribute greatly to those programs through a myriad of taxes.

Perhaps you recall a big fuss a few years back about allowing some folks to direct part of their Social Security retirement payments into private investments, like corporate bonds or stocks.  The answer from our liberal congress was absolutely not -- which was pure hypocrisy, since some if not all categories of public employees (including members of Congress)  already have the power to do that.  They can say, "I want this amount of my regular Social Security payment to go there, instead of into an imaginary trust fund the politicians tap to spend on bridges to nowhere."

Government "servants" can do it, but most private citizens cannot. 

All recent statistics on the subject show that the smaller portion of federal employee retirement pensions that is in stocks contribute the largest amount of growth to their funds -- which in part may explain why Pelosi wants what she wants.  Unless government employees are excepted from her "program," she and her liberal pals will at last get their hands on some of those profits. 

Adding a tax to your retirement is simply another way of saying to the American people, you're so damned stupid that we're going to keep doing this until we drain every cent from you. That's what the Speaker of the House is saying. Read on:

Nancy Pelosi's approach involves taxing all stock market profits.  Whether your investments are your own, or a part of a union retirement fund like the Teamsters, they're squarely in her gunsights.  Retirement funds, 401Ks, mutual funds  - - they're all targeted.          

Why does she want to do this? Here's a quote "We need to work toward the goal of equalizing income in our country and at the same time limiting the amount the rich can invest." 

Which "rich" people is she talking about?  For starters, you can bet your boots that there is at least one class of rich people who will be given a loophole.  Congress is chock full of representatives and senators who have huge bank accounts.

When asked how these new tax dollars would be spent, she replied:: "We need to raise the standard of living of our poor, unemployed and minorities. For example, we have an estimated 12 million illegal immigrants in our country who need our help along with millions of unemployed minorities. Stock market windfall profits taxes could go a long ways to guarantee these people the standard of living they would like to have as 'Americans'."

Comrade Ms. Robin  Hood, Nancy Pelosi.  Rob from the rich and give to the poor.  From each according to his ability, to each according to his needs. Pure communism.  Unadulterated socialism -- particularly when you look at the Democrats' definition of "rich."   You think "rich" means millionaires.  It doesn't.  Not in their book.

If you and your wife pull in a total of forty or fifty grand a year, it means Y-O-U.   

Do you want a new tax on money you've never held in your hand?  A tax on profts that are just numbers on a page?  Profits that have never even appeared in your bank account, and now never will?

Then, vote for Pelosi and her pals, again.

Note: E-RFDs are messages that circulate around the internet.  Some are factual and some are mythical.  We make no distinction between the types, here, but rather offer them pretty much as they come in -- as examples of comment and rumor from a global mind.