Friday, September 6, 2013

Your 401k is yours, right?

Not in Poland, as the government there has just confiscated half of their version of a private retirement vehicle.

They did it so the government could qualify to borrow more money!!

That's right, steal money from the public so you can sink them deeper in debt.   Poland is one of the bigger countries in Europe, so I am surprised and worried that it could come to this.  If the Polish people let this stand, then no private property is safe from government confiscation.

Here in the states, we confiscate the public's money by printing more and more of it, thereby devaluing the money held in everyone's bank accounts and wallets.  In addition, in principle the taxpayers at some point in the future have to pay it back.  Double whammy!   Is that any worse than what the Poles are enduring?


1 comment:

  1. The Poles aren't armed. We are. That makes all the difference.

    ReplyDelete