GAO: Obamacare To Add $6.2 TRILLION To DeficitPosted By James McSheehy |
Desperate people do desperate things:
~ $15T currently sitting in 401Ks, IRAs, & Pensions. Here's the DC two-step:
1) Govt offers a "voluntary" plan, trade your currnt retirement account for a guaranteed annuity. This will bring in ~ $5T from the most gullible.
2) Assess a "one-time" 10% wealth tax on accounts of the hold-outs. Cha-ching, another $1T!
See how easy it is to get $6T.
~ $15T currently sitting in 401Ks, IRAs, & Pensions. Here's the DC two-step:
1) Govt offers a "voluntary" plan, trade your currnt retirement account for a guaranteed annuity. This will bring in ~ $5T from the most gullible.
2) Assess a "one-time" 10% wealth tax on accounts of the hold-outs. Cha-ching, another $1T!
See how easy it is to get $6T.