You might be offended by what I’m going to say about our government, but I’m going to give it a shot anyway.
Besides, I’m sick of hearing about all the new laws being written “for our benefit/protection” …only to see them steal more rights and money from under our noses.
Here it is: “You can’t legislate the poor into prosperity by legislating the wealthy out of prosperity.”
But the government seems to think that by increasing taxes on the wealthy, then they can provide more freebies for the poor.
It won’t work…it has never worked…and eventually the productive players throw in the towel to avoid paying more taxes.
What they can’t seem to figure out is that people become wealthy by creating jobs with a new idea, technology, or vision.
Take that incentive away and you kill productivity.
Government creates nothing to advance society.
They only take (taxes) from productive people to support their pensions and free healthcare for life.
History proves that taxes have been the #1 reason for civil war and revolution. And like Mark Twain said: “History doesn’t always repeat itself but is often rhymes.”
So, what does this have to do with investing?
You see, our governments desperate hunt for taxes is forcing them to write more laws that will allow them to take over the IRA/401k market.
They’ve done the math…and it’s a slam dunk for them.
Our $20+Trillion in government debt can be paid off with a takeover (friendly or hostile) of the $25+Trillion IRA/401k market.
Don’t think it can happen?
Read “The Gubmint’s Grip on Your IRA/401k Just Got Tighter.”
It’s in our archives (HERE).