tag:blogger.com,1999:blog-3529462943708275214.post808268658595392292..comments2023-09-11T07:29:24.237-07:00Comments on Philosophizing with a Hammer: "Portugal raids pension funds to meet deficit targets"Oblio13http://www.blogger.com/profile/08437467759652591125noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3529462943708275214.post-25350446230351072342012-01-17T19:29:04.704-08:002012-01-17T19:29:04.704-08:00Hungry did this a year back or so. They basically...Hungry did this a year back or so. They basically said, "Here's the deal. It's voluntary. Really. You give us your money, and we promise to pay you a retirement income for the rest of your miserable little life. Such a deal! Now, if you don't want to do it, that's fine, too. Oh. Just so you know, if you do that, the part of your salary that is directed from your employer to your personal retirement account will now go to the state, and you will never get those funds. Think of it as a 70% tax! Have a nice day, comrade."<br /><br />Pelosi and Company held Congressional hearings on the subject a few years ago. Kiss that 401k good bye, baby!Chief Instructorhttps://www.blogger.com/profile/13604561415860237705noreply@blogger.comtag:blogger.com,1999:blog-3529462943708275214.post-82152133469178284192012-01-11T05:58:52.703-08:002012-01-11T05:58:52.703-08:00It's strange that this is not in the main stre...It's strange that this is not in the main stream news. Actually it's not strange at all. Thanks for the info.Jeff Olson ~ Artist/Blacksmithhttps://www.blogger.com/profile/18249431615241900898noreply@blogger.com