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Fri Nov 29, 2019, 04:14 AM

Don't Believe Her Lies: Elizabeth Warren wants to tax your retirement (So Does Bernie Sanders)

https://www.washingtonexaminer.com/opinion/elizabeth-warren-wants-to-tax-your-retirement
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Presidential candidate Elizabeth Warren has said that none of her tax-increase plans would hit average people, pledging not to "raise taxes on the middle class by one penny." Yet Warren and several other presidential candidates, including Bernie Sanders, are pushing a financial transactions tax that would cost everyday people saving for the future. This plan is a retirement tax that would affect millions of middle-class people.

Proponents of the financial transactions tax argue it is "tiny tax" that would only hit rich Wall Street speculators. Nothing could be farther from the truth. A financial transactions tax would hit every single person who saves and invests in a mutual fund, a retirement account, a college savings fund, or a pension plan.

According to the Federal Reserve, 52% of households in the United States own stock. That's 65 million households. According to the Investment Company Institute, 99.5 million people have mutual funds, and millions of people have IRAs, 401k plans, and college savings plans. The Warren financial transaction tax would hit the millions of average savers and investors in each of these plans. Her tax would also affect workers saving for their retirement in state and city pension plans, and ordinary people saving with annuities and mutual funds.

A study by the Modern Markets Initiative found that the financial transaction tax is "a retirement tax on American savers" that would come "directly from the pockets of Main Street investors saving for retirement, college, and other life milestones."
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Make no mistake: Democrats want it ALL.

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Reply Don't Believe Her Lies: Elizabeth Warren wants to tax your retirement (So Does Bernie Sanders) (Original post)
Da Mannn Nov 29 OP
imwithfred Nov 29 #1
Duke Lacrosse Nov 29 #2
foia Nov 29 #4
Badsamm Nov 29 #5
Boadicea Nov 29 #3

Response to Da Mannn (Original post)

Fri Nov 29, 2019, 06:32 AM

1. Neither one of those socialists will be satisfied until the government gets

100 percent of everybody's income.....excepting their own.

One prays daily that they're denied the Democrat nomination, especially Bernie.

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Response to Da Mannn (Original post)

Fri Nov 29, 2019, 07:07 AM

2. Uncle Joe will be nominated, choose Warren as his running mate, and lose the election.

Four more years.

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Response to Duke Lacrosse (Reply #2)

Fri Nov 29, 2019, 10:15 AM

4. I think what you propose is a very likely scenario

I'm looking forward to 11/4/20.

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Response to foia (Reply #4)

Fri Nov 29, 2019, 11:29 AM

5. At least blaming white people for everything would come to

An end

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Response to Da Mannn (Original post)

Fri Nov 29, 2019, 09:27 AM

3. It reminds me of "No NEW taxes." nt

or What is the definition of "IS?"

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