President Obama’s budget, to be released next week, will limit how much wealthy individuals – like Mitt Romney – can keep in IRAs and other retirement accounts.
The proposal would save around $9 billion over a decade, a senior administration official said, while also bringing more fairness to the tax code.
The senior administration official said that wealthy taxpayers can currently “accumulate many millions of dollars in these accounts, substantially more than is needed to fund reasonable levels of retirement saving.”
So basically now big brother is going to determine how much you can save....they will determine what kind of health care you can get.....they are trying to tell you what you can eat or drink. They always start with the rich but will then move to the middle class since that is where the money is easier to steal and plunder.
At some point when you far leftists morons have figured out you have no liberty or freedoms left it will be way too late. You keep passing this stuff thinking it's only going to effect 'the other guy'. You got your bailouts....you got your welfare....you got your foodstamps....you got your disability checks...you got your bankrupt green energy pits....all for the cost of everyone else's liberty. What a small price for you to make others pay.