Stealing Your Savings

摘要

When the Cyprus bank crisis hit, this column warned that the precedent set by seizing people's savings would not be lost on Washington politicians. Hardly had the digital ink dried than President Obama was unveiling his budget proposal to bar people from contributing to their 401(k)s if their plan had reached a certain threshold. Obama and his fellow statists, in their infinite wisdom, have decided what the maximum retirement income should be for you.