Madam speaker Nancy Pelosi wants to put a Windfall Tax on all
stock
market profits ( including Retirement fund, 401K and Mutual Funds!
Alas
, it is true - all to help the 12 Million Illegal Immigrants and
other
unemployed Minorities!)

As usual the truth is something with which you're unfamiliar.

http://www.factcheck.org/askfactchec...taxing_windfal
l_stock_profits.html

Your source is a chain email letter that is pure garbage.


That was in 2007. Its now 2009.

You are behind the times

Read it you moron. It's the same damn garbage revisited. How many
times do you have to hit yourself over the head with a brick before
you finally figure out that it hurts?

WB Yeats
Its entirely believable, considering Pelosi is a Marxist

And ....Democrats have been floating the idea of taxing 401k plans...

http://www.workforce.com/section/00/...e/25/83/58.php


House Democrats Contemplate Abolishing 401(k) Tax Breaks
Powerful House Democrats are eyeing proposals to overhaul the nation's
$3 trillion 401(k) system, including the elimination of most of the $80
billion in annual tax breaks that 401(k) investors receive.
Comments 0 | Recommend 498

October 16, 2008
House Democrats Contemplate Abolishing 401(k) Tax Breaks
Powerful House Democrats are eyeing proposals to overhaul the nation's
$3 trillion 401(k) system, including the elimination of most of the $80
billion in annual tax breaks that 401(k) investors receive.

House Education and Labor Committee Chairman George Miller,
D-California, and Rep. Jim McDermott, D-Washington, chairman of the
House Ways and Means Committee's Subcommittee on Income Security and
Family Support, are looking at redirecting those tax breaks to a new
system of guaranteed retirement accounts to which all workers would be
obliged to contribute.

A plan by Teresa Ghilarducci, professor of economic-policy analysis at
the New School for Social Research in New York, contains elements that
are being considered. She testified last week before Miller's Education
and Labor Committee on her proposal.

(snip)

Well that was in October 2008 and it was ONE person's testimony that
all of a sudden (according to you) has become Dem policy. At least
according to a slew of wingnut sites - like FreeRep, etc;
Psstttttt..... it hasn't. Miller has done absolutely nothing on
Ghilarducci's proposal - nor is anything likely to come of it. There
will probably be an overhaul of the various retirement programs as the
Feds are likely to inherit a ton of pension plan debt as many
companies are very short on their pension funds - to the tune of about
$350 billion or more depending upon who one believes. The Big 3 alone
has a shortfall of $41 billion. This does not include state and local
pensions that have taken a huge hit over the past year. The bleeding
has barely begun as there is still trillions in unsecured debt that
the banks ran up in their race to the bottom. Swiss banks that were
capitalized at 100 to one will be the next biggies.
BTW - Bozo - are you getting Miller and Pelosi confused as Pelosi has
said NOTHING that you claim she had? Nice try but no banana. And how's
that great Rep plan to privatize Social Security because the market
has greater returns. Tell that to all the folks who just lost a third
of their retirement due to the excesses of a few Wall Street gamblers,
many politicians, most regulators, and a Ponzi Scheme that just
couln't fail.

WB Yeats


The astounding thing is that as clear as it is that privatizing Social
Security would have been a disaster that hasn't cooled the right wing's
desire to do it. Just ask any right winger and they will tell you the way to
fix things is to do what they did when Bush took over. In short, by letting
the market decide. Their free market and deregulation policies are what got
us here in the first place, but when Obama tries to change those insane
policies they do everything they can to stop him, and their recommendations
are to do more of what they already did. Thank our lucky stars they are now
in the minority. Imagine what would happen if the republicans did what they
wanted now. Can you say Depression II?

As for the 06 Democratic congress being to blame for our problems, what a
joke. Anyone who knows anything understands that with an evenly split
congress and a republican president there was little the Democrats could do.
Anyone who doesn't believe that can pay attention to what happens now when
the Democrats are in control. Things are going to pass and they are going to
be just the sort of things that republicans are completely opposed to. It
won't matter though because the Democrats have control now, which means the
things they want to do will happen. Compare that to what they accomplished
when Bush was still president. The difference will be huge. It'll be good
for average Americans too and not just the elites like when Bush was in
office.

Hawke