Vote Buying 101
Every citizen could get a 401(k) retirement account and up to $1,000 in annual matching funds from the government under a plan offered Tuesday by Democratic presidential candidate Hillary Rodham Clinton.
Free money, everyone! Vote for me!
At a cost of $20 billion-$25 billion a year...
Oh, is that all?
...the plan is Clinton's largest domestic proposal other than her plan for universal health insurance. The New York senator said it would be paid for by taxing estates worth more than $7 million per couple...
But, of course. A true Communist wouldn't have it any other way.
...and would help narrow the gap between the rich and those who don't have enough savings for retirement.
Ah, yes, the old "income gap" argument.
Guess what? In a free society, there are going to be rich people, and there are going to be poor people. Indisputable fact. End of discussion.
You cannot "solve" this "problem" by forcibly taking money from the rich people and just giving it to the poor ones. Then again, keeping America a free society has never too high on Hillary's list of priorities.
Note: If a poor person and a rich person were to both double their net worth, the "income gap" between them would...
Bruce's Rule of Thumb #75: Anytime a politician throws the words "income gap" at you, it's a surefire sign that a rather unhealthy dose of smoke up your ass is forthcoming.
How about, instead, we take a good, hard look at the state of public education in this country. Implementing real education reform (read: competency testing for teachers, expanding parental choice through voucher programs, accountability of public dollars spent on education) will do more to help people move up the socio-economic ladder than this plan, or whatever socialist income redistribution scheme the Democrats are going to come up with next, ever would.
But, they "care". Really.
Clinton said she wants to create "American Retirement Accounts" in which everyone could put up to $5,000 annually in a 401(k) plan. The federal government would provide a tax cut to match 100 percent of the first $1,000 for any one who makes less than $60,000 a year and 50 percent of the first $1,000 for those who make $60,000-$100,000.
Here's an idea. Stop confiscating Americans' hard-earned money under the false promise of providing them with Social Security benefits when they reach retirement age.
Anyone who's still falling for that scam needs to have their head examined immediately.
Clinton said the accounts should not be used to replace any part of Social Security and that she is committed to addressing the long-term challenges of that program.
"We have to fight and finally bury the idea of privatizing Social Security," she said.
Because overpaid bureaucrats in Washington know best how to spend your money, and if they determine that others are more deserving of your hard-earned wages, then so be it. Just shut up and get on the train with the rest of the flock.