Monday, July 20, 2015

One of my biggest fears about financial security in retirement...

One of my biggest fears about financial security in retirement ... is the progressive/Democratic push to find ways to tax the assets I (and zillions of other retirees) depend on.  Here's Hillary's plan, which is quite modest compared with what Sanders would try to do.  I don't think even Hillary's plan is likely to pass a Congress where either house is Republican-controlled – but on the other hand Republicans have approved a bunch of other things I never thought they would.  So I just have to live in fear.

The progressives are relentless on this general topic, though.  They need money to finance their social engineering projects, and retiree assets (including pension funds) are one of the more obvious targets.  They're going to keep grinding away at it, I'm sure, just as they have on so many other topics...

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