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  • asombra: You think that maybe Obama is laughing at the American people? Or is that racist? But don’t get me wrong–I think he...

  • asombra: Cuba’s thrice-fraudulent dictator (who’s neither president nor general nor a Castro) is still enviable, in a sense:...

  • asombra: I hope they keep all those black flags; it’s only fitting.

  • asombra: When bitches look this nasty on the outside, can you imagine how they are inside?

  • asombra: It’s proper that the price is too high for average Cubans. Ice cream is decadent and bourgeois.

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realclearworld

It can never happen here… (a continuing series)

Obama budget to take aim at "wealthy" IRAs:

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.

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 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.”

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. [...]

They will not rest until everything that is ours is theirs.

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