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Retirement Accounts Sitting Ducks For Sneak Attacks By Cash-Hungry Politicians. |
House Democrats Float Idea of Merging Retirement Accounts
I write this to you urgently…
Did you know that Joe Biden has several ways of confiscating your wealth? Do you know what they are? Did you know they are happening right before your very eyes?
I'm sure most Americans are aware of inflation. At the moment the Fed's tell us that it's nearly 10%, the highest it's been in 40 years. Since Jimmy Carter, the peanut farmer, was in office.
Billionaire Jeffrey Gundlach speculates that inflation will get as high a 13.4%.
Biden's first 18 months:
How much of your retirement's purchasing power has been confiscated during Biden's first term?
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Raising taxes on your capital gains is another method of confiscation. Biden wants to turn on the printing press for his party's socialist agenda. Something most Americans don't want. And guess what? You're paying the freight.
Every day, little by little, our federal government devalues our paper wealth through deceptive policies. By the time you retire, it will have lost at least 30% or more of its purchasing power.
But it doesn't stop there.
Here is the Mike Tyson Triple-Combo Knock-out punch…
Democrats in office are not satisfied with a full belly.
You've heard it in the news. Biden asked Congress to authorize new bank surveillance measures and to have the IRS watch ALL accounts. ALL YOUR FINANCIAL RECORDS OPEN FOR IRS SCRUTINY.
Secondly, Biden and the Democrats are attempting this very moment to legislate the taxation of IRA's, 401(k)s, and trust accounts.
My friend, it's only a matter of time before these socialists come out with new retirement laws and start siphoning off your retirement savings. Worse, it will be taxed at today's tax rate, not at the year's tax rate the money was first put into the account.
Grab this Complimentary Asset Protection Guide. It will show you how to protect your hard-earned money.
And Wait Until You Read This
If taxing your retirement accounts isn't enough, there is talk of Nationalizing savings accounts.
October 5th, 2021, TheStreet.com (talking about you) reported, "their retirement account nest eggs could make them sitting ducks for sneak attacks by cash-hungry bureaucrats. Democrats in Congress have floated the idea of taxing retirement account balances above a certain level, forcing retirement accounts to hold government bonds, and even merging IRAs and 401(k)s into the Social Security system.
Your Individual Retirement Account could become a Government Bailout Account."
Read that again. Democrats in Congress have floated the idea of merging IRAs and 401(k)s into the Social Security system.
What happens to all your money, stocks, bonds, other retirement assets like deeds, mortgages, and other paper commodities if they fold them over into Social Security?
Grab this Complimentary Asset Protection Guide. It will show you how to protect your hard-earned money.
Imagine, everything you've spent a lifetime working for, legislated away, "confiscated" at the push of a button on the keyboard.
Just look at Venezuela. Fox News reported, "Venezuela was once the wealthiest country in South America, but in recent years millions have fled the country amid mass starvation and violence after socialist policies were enacted and government seized private industries."
Socialists believe they have a right to your savings. When those we choose to represent us in Washington feel comfortable discussing taking what is not theirs publicly, it's time to take protective action!
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