Red Alert: To each according to their need


Democrats in the House have unveiled their own retirement plan in response to President Bush's campaign promise to fix Social Security. Of course the Democrat's plan, "Amerisave", doesn't actually touch Social Security and it is only available for "middle and lower income" families. So, what will the bottom 50% get of taxpayers get?

"AmeriSave will help middle-class families build retirement security by expanding opportunities to save, and ensuring pension fairness, guaranteeing workers receive the benefits that they have been promised after a lifetime of hard work," House Minority Leader Nancy Pelosi, D-Calif., said in a statement.

Under the plan, workers would receive a dollar-for-dollar match for the first $1,000 contributed to an IRA, 401(k), or similar plan. The recipient would receive the match after they filed a tax return, with the funds directed into their retirement savings account.

And just where will they get the money to redistribute to the bottom 50% of income earners? Why from the top 50% of course:
top_50.jpg

The top 50% of wage earners pay more than 96% of all federal income taxes.


Category:  Left-wing Conspiracy
Comments (2)      top   link me

Comments

Just wondering, what income point is the demarcation? Maybe I can't keep up with the Joneses all the time, but maybe I can hold my head up and say that I'm in the top 50%. (unless that point is rediculously low)

Posted by: Drew at July 28, 2005 1:17 PM

Apparently, the left the "L" out of Amerisave

Posted by: Sgt Fluffy at July 28, 2005 7:07 PM

(c) Ravenwood and Associates, 1990 - 2014

About Ravenwood
Libertarianism
Libertarian Quiz
Secrets o' the Universe
Email Ravenwood

reading
<Blogroll Me>
/images/buttons/ru-button-r.gif

Bitch Girls
Bogie Blog
Countertop Chronicles
DC Thornton
Dean's World
Dumb Criminals
Dustbury
Gallery Clastic
Geek with a .45
Gut Rumbles
Hokie Pundit
Joanie
Lone Star Times
Other Side of Kim
Right Wing News
Say Uncle
Scrappleface
Silflay Hraka
Smallest Minority
The Command Post
Venomous Kate
VRWC


FemmeBloggers


archives

search the universe



rings etc

Gun Blogs


rss feeds
[All Versions]
[PDA Version]
[Non-CSS Version]
XML 0.91
RSS 1.0 (blurb)
RSS 2.0 (full feed)
 

credits
Design by:

Powered by: Movable Type 3.34
Encryption by: Deltus
Hosted by: Bluehost

Ravenwood's Universe:
Established 1990

Odometer

OdometerOdometerOdometerOdometerOdometer