Investing and Government Shenanigans

Why is it the government gives preference to investors that invest in traditional and Roth 401(k)s and IRAs rather than choosing their own stocks?

Could it be because the government has its eye on these accounts?  They collect taxes on a MUCH lower rate on these accounts than on your OWN investments so that these accounts are super attractive to people…then?

This is why I don’t like the government involved in my life in any way.  There’s no free lunch.  The government thugs WILL get paid, one way or another.  Something to keep in mind.

About Maureen, Living in a Van

I'm a free-sleeper living in a van in the prettiest part of the world. I do this partly due to financial circumstances and partly because I love a good adventure.
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10 Responses to Investing and Government Shenanigans

  1. geezer says:

    Was reading a recent report that the millionaires paid less tax than the immigrants or the middle class

    • B says:

      Warren Buffett pointed it out. It wasn’t less tax, though. It was a much lower tax rate that he paid than what his secretary paid.

      “Rich” people already do pay the most in taxes if you look at raw numbers. Problem is, what they pay is still a way lower rate than everyone else.

      • Me says:

        I have heard that said too, that the rich pay most of the taxes but I have begun to doubt it. If it was true, why do they insist on taxing us poor people…even having poor people investigated and fined when they don’t. What does the government need with our piddling amount of money if they rich pay so much. How about they just do away with the IRS which costs around 8 Billion Dollars a Year to run? http://www.wnd.com/2001/03/8352/

  2. Ryu says:

    It’s coming. I’ve heard the rumors too. It’s just a question of when they are going to pull the trigger. In Cyprus, they actually took money from people’s bank accounts.

    • Me says:

      Yup and for some reason people don’t think it could happen here even though we have found out that the conspiracy “theorists” were correct about the government spying on us.

  3. Lynn says:

    I think the point the article is making is that the government wants people to save for their retirement so that they are less of a drain on the system. The more money someone has put away means the less the government will have to fork out to retirees. Of course they are going to make it tax advantageous to put money away or why else would anyone do it. In Canada we have the same thing called an RRSP, our government starts clawing back benefits when you reach a certain retirement income level, it is very high cut off though.

    I don’t think you have to worry about anyone stealing your money. You should worry more about your dollar going into hyper-inflation and being devalued. Now that could happen if they don’t pay down some government debt. Not to be alarmist but I think the US economy is heading for an even bigger fall.

    Lynn

    • Me says:

      The author is HOPING the government won’t do it but said they don’t know that they won’t. Sure, a good government wants people to save for their retirement but a bad group can come in at any time and SAY they want the same things as the previous people….then steal it.

      Are you aware that in 1933 Pres Roosevelt made it illegal to own anything but a small amount of gold. Do you realize that the very act of making it illegal to own something that actually had VALUE and forcing people to take PAPER for it was STEALING real wealth from people? Of if you prefer it, we’ll call it CHEATING. The value of a paper dollar is easily manipulated. The value of gold is harder to manipulate because it has intrinsic value beyond what “the market” says it is worth. That’s why the gov wanted it.

  4. Lynn says:

    Nope, didn’t know that about gold being withheld by the government. We are moving towards a gold standard anyway. It will happen eventually. Most foreign markets are holding gold. Nobody wants the US dollar as a standard anyway, which is the point I made above about hyper inflation and devaluing the US dollar.

    I was very surprised to read that the US government can tax US ex-pats even if they have given up their citizenship and retired to another country. That is scary! They need the money.

    • Me says:

      I doubt the Federal Reserve would let that happen Lynn. You may know already Lynn that The Federal Reserve is a privately run corporation. They are very powerful and they make their money out of thin air basically by writing a check to themselves so they can print money. Guess who pays the check? I don’t think the powerful people behind the Federal Reserve would let their cash cow go away.

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