Things the citizens should know.
As you all know, all individual retirement accounts are private property and they belong to people preparing for their retirement years. But, preparing for retirement has always been optional. Some do, some don’t.
Most recently, those who build retirement accounts are going to be targets of the political class. For years, politicians have coveted the billions of dollars in privately held retirement accounts, but the ruling class couldn’t get their greedy hands on the money.
Well folks, the confiscation of individual retirement accounts began with the announcement by the president of the new myRA. Not to worry, there will not be an outright confiscation overnight and they will not send in the lawyers and SWAT teams to seize property the way the tax collector does. No, the confiscation begins with what the Progressives call the nudge, an appeal for citizens to accept the idea that the government has a better idea of money management.
[Full Story »]