White House: Some of you are trying to save more than you need, and we're not going t

[Revmitchell]

"Under current rules, some wealthy individuals are able to accumulate many millions of dollars in these accounts, substantially more than is needed to fund reasonable levels of retirement saving."


http://www.caintv.com/white-house-some-of-you-are-tr

 

[Crabtownboy]

"Under current rules, some wealthy individuals are able to accumulate many millions of dollars in these accounts, substantially more than is needed to fund reasonable levels of retirement saving."


http://www.caintv.com/white-house-some-of-you-are-tr

Do you believe in hording?

 

[Revmitchell]

Do you believe in hording?

Strawman, its not the governments place to tell Americans how much retirement they should have,

 

[Magnetic Poles]

Strawman, its not the governments place to tell Americans how much retirement they should have,

That's not what is happening. People can save as much as they want. The government can decide what tax breaks are applicable or not.

 

[Revmitchell]

That's not what is happening. People can save as much as they want. The government can decide what tax breaks are applicable or not.

ummm.....


" substantially more than is needed to fund reasonable levels of retirement saving."

 

[Tom Bryant]

That's not what is happening. People can save as much as they want. The government can decide what tax breaks are applicable or not.

So the government should tax what I make and then if i save too much - by their standard - i should be taxed again?

I pay my taxes. The remainder is mine to do with as God (and my wife :tongue3: ) says. The gov't has no right determining how much i need to retire.

 

[Oldtimer]

So the government should tax what I make and then if i save too much - by their standard - i should be taxed again?

I pay my taxes. The remainder is mine to do with as God (and my wife :tongue3: ) says. The gov't has no right determining how much i need to retire.

AMEN, Brother!

 

[Oldtimer]

Do you believe in hording?

Yes, I do!

If I work, pay my taxes, give to others according to our Lord, then I should be able to do what I want to do with the rest of my money. Period!

If I want to horde 10,000 pairs of shoe strings, that's nobody's business except mine. Every pair of shoe strings that I buy and horde means somebody else earned a living making them. Sales and income taxes help fund Uncle Sam's "needs". That's all he needs to know.

When Uncle Sam discourages me from hoarding shoe strings, all he is doing is building more dependence on him to supply my shoes. And the strings in those shoes are a whole lot different from the ones stuffed in the back of my closet. There's a whole lot of stuff I can do with my strings from candle wicks to a cord on a fire bow. His only function as puppet strings. Guess who pulls those strings.


.

 

[Don]

Do we believe in hoarding?

Aren't we supposed to have a storehouse?

 

[just-want-peace]

Do you believe in hording?

Why do you not believe in saving for the future??? :smilewinkgrin::smilewinkgrin::smilewinkgrin:

 

[Robert Snow]

That's not what is happening. People can save as much as they want. The government can decide what tax breaks are applicable or not.

:thumbsup:

 

[Revmitchell]

Why do you not believe in saving for the future??? :smilewinkgrin::smilewinkgrin::smilewinkgrin:

What he believes in is blindly defending Obama

 

[annsni]

If the government has already taxed my money and I save up what is left, why should they be able to get at it again? I don't understand?

What if I want to save my money for my children or my grandchildren? I already know that with inheritance tax, much of it will be taxed a second time. What if I want to invest in a friend's business when I'm 90? Who cares what I want to do with the money?? It's mine. It should stay mine to do with it what I want.

 

[Arbo]

If people think that what happened in Cyprus could not happen here, they are naive.

 

[Arbo]

It's not surprising that all the more conservative-minded posters in this thread favor preservation of private ownership, while the three left-leaners imply disapproval of it.

 

[Salty]

If the government has already taxed my money and I save up what is left, why should they be able to get at it again? I don't understand?.

Then you don't understand socialism

What if I want to save my money for my children or my grandchildren? I already know that with inheritance tax, much of it will be taxed a second time. What if I want to invest in a friend's business when I'm 90? Who cares what I want to do with the money?? It's mine. It should stay mine to do with it what I want.

Ann, you need to read Clinton's book "It takes a village to raise a child"

 

[annsni]

Then you don't understand socialism


Ann, you need to read Clinton's book "It takes a village to raise a child"

I don't want the village raising my child - they are idiots! LOL

 

[Jedi Knight]

Do you believe in hording?

Living Beyond Your Means......16 Trillion and counting ok?

 

[Alcott]

If the government has already taxed my money and I save up what is left, why should they be able to get at it again? I don't understand?

I don't know the particulars about this bill, but it is not concerned with tax-deferred savings for retirement (which is not taxed until withdrawn)?

 

[convicted1]

If the government has already taxed my money and I save up what is left, why should they be able to get at it again? I don't understand?

What if I want to save my money for my children or my grandchildren? I already know that with inheritance tax, much of it will be taxed a second time. What if I want to invest in a friend's business when I'm 90? Who cares what I want to do with the money?? It's mine. It should stay mine to do with it what I want.

They do tax us again, and again, and, again.....when your checking and/or savings accounts accrue a certain % of interest, they tax the %. Three things are certain in america, "life, death, and paying taxes".....:laugh: