It’s Starting: IRA Accounts Being Nationalized
by C Serpa
GramsGold.com
1/28/2015
A bill has been proposed to make IRA accounts easier for people. Of course this is only the first step of five…
Step 1: Create IRA accounts.
Step 2: Mandate IRA accounts.
Step 3: Require IRA accounts to invest in U.S. Bonds.
Step 4: Nationalize the IRA accounts.
Step 5: Raid and confiscate IRA accounts.
This may be the real reason that White House officials say that this is a ‘win-win’ situation.
Reporting from The Hill,
“Congressional Democrats are pushing a new bill to make it easier for workers to sock money away in retirement accounts.
Sen. Sheldon Whitehouse (D-R.I.) and Rep. Richard Neal (D-Mass.) said Thursday that they were introducing legislation that would set up automatic payroll deductions for contributions to Individual Retirement Accounts.
Whitehouse and Neal called the measure a win-win, by increasing retirement savings by an estimated $8 trillion a year and offering employers tax breaks for setting up the automatic accounts.
“Each month, tens of millions of Americans build toward a comfortable and dignified retirement by contributing to employer-based savings plan,” Whitehouse said in a statement. “Unfortunately, half of American workers don’t have access to employment-based accounts and may find it much more difficult to save.”
The Rest…HERE
