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isobars
Joined: 12 Dec 1999
Posts: 11477
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 Posted: Sun Mar 17, 2013 11:50 am Post subject: |
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| stevenbard wrote: | | Cyprus has proposed a law that would confiscate 10% |
The Clinton administration repeatedly considered 15%. Just one of many sources,
http://www.globalpolitician.com/print.asp?id=6161 includes
"The prototype for their plan was devised in 1991 by Alicia H. Munnell, then Director of Research for the Federal Reserve Bank of Boston. She presented the idea in a paper entitled “Current Taxation of Qualified Pension Plans: Has the Time Come?” Later she was promoted to Assistant Treasury Secretary, and along with Robert Reich, Henry Cisneros and Hillary Clinton, she began to plot a raid on retirement funds. One element of the scheme was to create a Mandatory Pension System and fund it with a one-time 15% tax on retirement assets and a recurring 15% tax on retirement plan income.
I warned about this in my 1994 book, “Escape the Pension Trap”. Fortunately, the GOP election victory that same year derailed the Mandatory Pension System."
He goes on to present facts, logic, names, and events strongly supporting the threat today, which will skyrocket if the midterm elections weaken the GOP.
Tip: The government does not require any notification or registration of wide categories of precious metal purchases. |
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