In response to:

Fiscal Cliff Idea: How About We Tax Your 401k?

novowel4me Wrote: Nov 30, 2012 1:18 PM
I think they call that idea a military dictatorship. It was tried in the last century by Germany, Italy and Japan. Didn't work out so well.
Thasic Wrote: Dec 01, 2012 6:30 AM
That would be better than an aristocracy, which is what we have now. We are being led by a bunch of people that are not required to follow the rules they heap upon us. That makes them an elite class with no respect for 'we the people'.

How do you feel about the government touching your private retirement account known as your 401k in order to "pay down the deficit?" Not so good? Already feel like the government has stolen your retirement through Social Security? Well get ready because taxing the 401k is floating around as an idea while the fiscal cliff talks on Capitol Hill continue.

One of the earliest fears about tax-favored savings accounts like IRAs and 401(k) plans was that when this pool of savings grew large enough Congress would not be able to resist tapping it to help solve the...