supalong52
Confused about dryer sheets
- Joined
- Oct 12, 2010
- Messages
- 4
I also posted this on Bogleheads, but wanted some feedback from you guys.
I recently read about guaranteed retirement accounts, which proposes to convert existing and future 401(k) and IRA accounts into a government managed annuity. Basically, it's a forced distribution of wealth that extends the already failing social security system. To make matters worse, you can't pass it on to heirs like 401(k)/IRA accounts. Congress apparently had another hearing about it a few days ago -- do a google search. Now, I've always considered myself liberal, but if this were to become law, I would never vote democrat again.
What do you guys think? Am I overreacting? Misunderstanding?
I recently read about guaranteed retirement accounts, which proposes to convert existing and future 401(k) and IRA accounts into a government managed annuity. Basically, it's a forced distribution of wealth that extends the already failing social security system. To make matters worse, you can't pass it on to heirs like 401(k)/IRA accounts. Congress apparently had another hearing about it a few days ago -- do a google search. Now, I've always considered myself liberal, but if this were to become law, I would never vote democrat again.
What do you guys think? Am I overreacting? Misunderstanding?