along my conspiracy minded 401k confiscation mindset comes this

[chad]

http://www.zerohedge.com/article/taxing-pensions-create-jobs

Ireland’s government will impose a temporary levy on domestic private pension savings to fund a jobs plan aimed at cutting unemployment and aiding the economic recovery.

The government plans to apply an annual 0.6 percent charge over four years on pension assets, excluding funds providing benefits to non-resident employers and members, Finance Minister Michael Noonan said in Dublin today. The move should generate 470 million euros ($675 million) a year, he said.



don't cut spending, eliminate corporate tax breaks or anything, no, just go take people's private money. can't let all of that money sit around and go to waste (never mind it's not yours).

coming soon to a retirement account near you.

[sirgonzo420]

This is America!

It can't happen here!
:oo-->

[chad]

my guess is that this is a trial run to see if the population burns things down. if not, it will be rolled out in other countries. after all, the "sensible irish are doing what they need to for the good of the country!"

[Neuro]

my guess is that this is a trial run to see if the population burns things down. if not, it will be rolled out in other countries. after all, the "sensible irish are doing what they need to for the good of the country!"
Believe it or not, but the smoking ban in Pubs and Restaurants in Europe started in Ireland 10 years ago. So it is a good point!

[mamboni]

http://www.zerohedge.com/article/taxing-pensions-create-jobs

Ireland’s government will impose a temporary levy on domestic private pension savings to fund a jobs plan aimed at cutting unemployment and aiding the economic recovery.

The government plans to apply an annual 0.6 percent charge over four years on pension assets, excluding funds providing benefits to non-resident employers and members, Finance Minister Michael Noonan said in Dublin today. The move should generate 470 million euros ($675 million) a year, he said.



don't cut spending, eliminate corporate tax breaks or anything, no, just go take people's private money. can't let all of that money sit around and go to waste (never mind it's not yours).

coming soon to a retirement account near you.


This might precipitate large scale liquidations of private pensions, tax and early withdrawal penalties be damned. We shall see.

The gynonudomania of government is without limit. It's not enough that they coin-clip private savings and wealth though continuous inflation. Now they have the temerity to add another tax. When are people going to wake up to the fact that governments have an addiction problem, an addiction to spending and debt. And increasing taxes will never satisfy but only feed the addiction. This is why you must hold physical gold and silver; because only this sequestered wealth is safe from the grubby hands of government. All paper wealth is ephemeral. The time for societal gigantomachize has arrived!

[chad]

it also reminds me of the way our federal income tax started. wasn't ours supposed to be temporary, and it was something like 1 or 2%?

same thing here. no "huge" fuss because it's "only for four years," and it's "only 0.6%." pretty soon though, it will turn in to 1%, then 3%, then 5%, then only evil people have millions in pension funds, and they can afford to pay 25%, etc.

this makes me very nervous.

[big country]

I quit contributing to my 401k when I woke up. I still have one, it doesn't have much in it, less then 20k FRNs. I no longer contribute from my salary so I dont get a match, though my company puts in 3% of my salary yearly as a pseudo-pension plan as a bonus.

I took the extra $$ that I was contributing and I use it to buy silver and gold as a "retirement" an I expect that it will be worth more then a 401k would be 50 years from now when I retire. I also have used to to pay down debt in our attempt to become debt free. So far so good and I don't regret the decision so far. I haven't contributed for almost 2 years now.

[chad]

okay, we are fucked. i posted this at another forum (sorry, i can't link to it, it uses my real name over there) and about 80% of the people replying to thread see no problem with it because "if you have a lot of money saved in your retirement account, you can afford to give a little more."

this is what we have come to. outright taxing of wealth. got a car valued at $30,000? pay us some money. got $50k in your bank account? pay us some money.

zero difference between government and the mafia at this point, and people SEE NO PROBLEM WITH IT.

[Twisted Titan]

IF THE PEOPLE WISH TO BE DECIEVED.........LET THEM BE DECIEVED


Old Roman Maxim

[Awoke]

my guess is that this is a trial run to see if the population burns things down. if not, it will be rolled out in other countries. after all, the "sensible irish are doing what they need to for the good of the country!"
Believe it or not, but the smoking ban in Pubs and Restaurants in Europe started in Ireland 10 years ago. So it is a good point!



Not to mention disarment of the populace.

[SLV^GLD]

I quit contributing to my 401k when I woke up. I still have one, it doesn't have much in it, less then 20k FRNs. I no longer contribute from my salary so I dont get a match, though my company puts in 3% of my salary yearly as a pseudo-pension plan as a bonus.

I took the extra $$ that I was contributing and I use it to buy silver and gold as a "retirement" an I expect that it will be worth more then a 401k would be 50 years from now when I retire. I also have used to to pay down debt in our attempt to become debt free. So far so good and I don't regret the decision so far. I haven't contributed for almost 2 years now.


Me too, would take it out if I could but I can't. I can have it if I lose my job assuming the government didn't steal it by then.

[sirgonzo420]

I quit contributing to my 401k when I woke up. I still have one, it doesn't have much in it, less then 20k FRNs. I no longer contribute from my salary so I dont get a match, though my company puts in 3% of my salary yearly as a pseudo-pension plan as a bonus.

I took the extra $$ that I was contributing and I use it to buy silver and gold as a "retirement" an I expect that it will be worth more then a 401k would be 50 years from now when I retire. I also have used to to pay down debt in our attempt to become debt free. So far so good and I don't regret the decision so far. I haven't contributed for almost 2 years now.


Me too, would take it out if I could but I can't. I can have it if I lose my job assuming the government didn't steal it by then.


you better hurry up and lose your job then


;D

[mick silver]

but chad it not their money . most people who come in our store dont give a shit about money because they dont work for it no more . thats were we are all at now in this country and it will only get worst from now on

[Down1]

It's only "temporary".
No need to worry.
http://gold-silver.us/forum/gallery/95_11_05_11_3_25_40.jpeg

[oldmansmith]

I've taken all mine out except a gold and silver IRA that has tripled in the four years since I went in, 50K to 150K. Maybe I should take some out of it this year and buy a plasma tee-vee or something.

[Glass]

They are now doing this in Australia as I warned people they would. Here they have inroduced a fraud insurance levy so if your fund is affected by fraud it will be made whole again by skimming from all the other funds. So now they can defraud the funds and other people have to stump up their retirement to fix other peoples retirement funds while the fraudsters keep the case.

[Awoke]

It's only "temporary".
No need to worry.


Just like Income tax!

phew!

[chad]

They are now doing this in Australia as I warned people they would. Here they have inroduced a fraud insurance levy so if your fund is affected by fraud it will be made whole again by skimming from all the other funds. So now they can defraud the funds and other people have to stump up their retirement to fix other peoples retirement funds while the fraudsters keep the case.


that's awesome. i should try that with my customers. they all have to pay me a fee in case i fuck up somebody else's server.