Let's also say that if you take it
out you only have to pay 15% long
Term Gains instead of 30% like before.
Let's say there is no
10% penalty for early withdrawal.
Let's say if you take it out and then Deposit it in the
Cayman Islands you do not have to pay any tax at all.
What if I told you that if you then Transfer it to a Swiss
Account, that you
could still get the same Yield on
your investment and not pay income taxes
on it at all,
and have easy access to the money.
What if someone leaked out the fact
that these Swiss
Accounts were doing this and they decided to
prosecute 10% of the small people, and then put the
"Whistle Blower in Jail" instead of the Tax Cheats.
When you look at it this way it is easy to see that this
Annuity and Pension
would collapse in a very short time.
The Regulations and Taxes that Keep
immediately withdrawing your money protect the solvency
of the Fund for All of the Contributors.
protected by regulations, tax penalties, and
the fact that we
all have the same rules! The fact that
are the same for everyone, is another line of Protection.
Not so for Wall Street and the CEO's. This is what is depleting our
Wealth and our Country! If investment banks and fund managers
can withdraw Wealth Faster and Cheaper on the Profits they
on OUR money that is invested, and we have to wait longer
higher taxes, then the regulations are only Protecting their
Profits on our
Wealth. Not protecting our Wealth from their Profits.
Remember also the greatest prosperity
without increasing the Debt
taxes were the Higher amounts.
When taxes are at 90% for
the highest highest portions of
income the money
stays in the Business, because it is worth 90%
more being left in.
When taxes are at 10% it is worth 90%
more when taken out. High tax brackets
still allow for
tremendous amounts of wealth
to be extracted at the
lower rates, so don't worry about the rich.
However; the rules are not the same for Wall Street
and the rest of us/U.S. The
CEO's are allowed Wealth
extraction that we are not. We are
Creation that They extract.
News and MSNBC with all their Giddy Ha Ha
Pro Wall Sreet Cheerleaders
are teaching us/U.S. how to
Play checkers on Wall Street while they are all
Chess. Every dime made in the Reagan era was offset
by his enormous Debt. Many of those New Millionaires
their money on real estate and bank fraud, AND
STILL DO. They also control
our elections with all this
money thanks to CITIZENS UNITED!
This is unlike the Eisenhower Or Clinton prosperity
which did not create so much debt, and did not patronize
the Military Industrial Complex that Eisenhower
us/U.S. was going
to do what is has done.
WILLIAM J. WAHLSTEEN