What is too much money?
jaybeacham 07 May 2013 | : blog
A man named Jeff Berwick was quoted in the James Cook Market Update newsletter in late April 2013 in a condensed article called ” The Government Budget Plan”.
“Wealthy taxpayers can currently accumulate many millions of dollars…substantially more than is needed to fund reasonable levels of retirement savings… The job of government is of course to “level the playing field” by stealing from and putting up obstacles for those with “too much.” “
What is “too much” ? Who determines that?
“$3 million”?
“So according to them, $205,000 per year is sufficient and people should not be allowed to have more that that in retirement savings. ” But that figure can go “down to around $100,000 after theft..or tax as they call it.”
Then after inflation “That $205,000 …will only be equivalent to $90,000 in ten years time.”
“The central planners in the U.S. and most Western governments have and will decide how much is “enough” for you to have and if you manage to still have significant assets after that, they’ll continue to whittle them away via taxation and Inflation.”
Thanks Jeff well put.
You can read more from Jeff and James Cook and others by contacting:
Investment Rarities Incorporated 7850 Metro Parkway Minneapolis, Minnesota 55425 Or at www.investmentrarities.com Or call 1-952-853-0700