I was having breakfast with friends last Friday, and I said that the government’s play to save Social Security will be either to nationalize (confiscate) all of the personal savings, and to share the wealth; or to say that anyone who has personal savings forfeits Social Security (that I paid into for the last 40+ years).
And now this comes out in the news.
FOX Business’ Jeff Flock on the impact of Illinois’ proposal to tax private retirement funds to pay for public workers’ pensions.
Illinois may tax private retirement funds to pay public worker pensions
FOX Business’ Jeff Flock on the impact of Illinois’ proposal to tax private retirement funds to pay for public workers’ pensions.