What do you get for the kleptocratic statist who has everything?
MSNBC host and whackjob (BIRM) Melissa Harris-Perry wants you to know that we don’t spend enough on education because we just don’t realize that our children belong to everyone.
Of course, when you are aligned with a mindset that thinks it acceptable to kill your own children, it was probably inevitable to look upon other people’s kids as a resource for redistribution. Afterall, it’s hard work maintaining a culture of filth, stupidity, and subservience when those most in favor of it have fewer children than those who oppose it. And the idea that we need to pay even more to a system that already is failing and giving us dumb kids is precious. But than, government is the only place where incompetence, illogical, and failure is rewarded. The saddest part of this is that the majority of the people on the receiving end of this pitch are the product of …public schools, and will likely accept the opinions of the “experts” on this matter. All it typically takes is saying that “IT’S FOR THE CHHHHIIIIIIIILLDREN!!!111!!!”
Next, who can forget that classic Obama knee-slapper “I do think that at a certain point, you’ve made enough money.”?
Well, it was probably only a matter of time before our great father Obama would let us know that “At some point, you’ve saved enough money.” too. And thankfully, under his watch, government is right there to tell us when that is.
From The Hill:
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.
And remember, comrade, the government has NEVER arbitrarily changed the definition of “wealthy” when there was money to be confiscated taxed. Like when the 16th Amendment was passed to tax only “the wealthy”.
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 magic of government accounting…that fantastic world where taking someone else’s earnings, levying a not-insignificant handling charge, then distributing it to some one who didn’t earn it, or spending it on such profound endeavors as alcoholism rates among Chinese hookers, and federally funded sex-education classes for Kindergarteners is “bringing fairness to the tax code”. It should go without saying that what is being “saved” is the government’s ability to buy votes with someone else’s money.
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.”
Ahh, yes. That new benchmark of “fairness”, an arbitrary determination of the OWNER’S “needs”, decided entirely by a government that refuses to live within our means…meaning that it is really talking about ITS needs. (Those lavish vacations and hookers and blow for the Secret Service don’t come cheap, doncha know) While this same mantra has met with limited success among people who refuse take responsibility for their own safety, and don’t want YOU to either, I think it’s safe to say that government’s determination of “need” in this matter will meet with even less success than the drumbeat about not “needing” a Sig or a Glock or an AR for hunting.
Under the plan, a taxpayer’s tax-preferred retirement account, like an IRA, could not finance more than $205,000 per year of retirement – or right around $3 million this year.
I can remember when $250,000 a year was the government’s benchmark for “rich”. Can you?
Romney, Obama’s 2012 opponent, had an IRA several to many times that amount, leading to questions about how the former Massachusetts governor was able to squirrel away so much money in that sort of retirement account.
The problem is not everyone donates money to the President like the heads of Solyndra, Sun Power, and other “green energy” graft schemes. Sometimes, they actually earn it through hard work. And this is why this Administration is clueless about finances. Because it NEVER occurs to them that while you might be limited in annual contributions to IRAs, not all IRAs are simply glorified bank accounts. Some are managed investments, that take risks with the money in order to get increased returns. But again, unless you made your fortune from government or your association with it, all these people see is money that they want.
And for your last thought…
I was eating lunch today and reading about another gun manufacturer that made the decision to leave one of the states that has gone full retard after Sandy Hook and passed blatantly unconstitutional gun “control” laws. As this had been going on for a few weeks now, I have had a certain measure of amusement in watching this, but then I thought “If I were totalitarian narcissist with delusions of adequacy who chaffed at the restraints that the Constitution necessarily placed on me, and I might want to resort to a desperate ultra vires act against an industry that could be a threat to me realizing my aspirations of power, would I want to have to “seize” facilities scattered across states in all regions of the country, or would I want to only have to concentrate on one region?
Suddenly, it was less amusing than it had been a few minutes before.