Looking
at America today we no longer see the nation that our Founders gave
us. They gave us a nation where if you worked hard, you could succeed.
They gave us a nation that any person could rise to the top and was
even encouraged to. But today we penalize success via taxes and our
president vilifies people who do make a lot of money. He should encourage
them to make a lot!
Just
recently the Obama administration decided that a person can have too
much in their retirement account and they will now decide how much you
need and tax the rest. Here is a comment from a senior administration
official said that wealthy taxpayers can currently “accumulate
many millions of dollars in these accounts, substantially more than
is needed to fund reasonable levels of retirement saving.”
I would like to know when the federal government was given the right
and the authority to determine how much we need for a retirement account.
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