Wehrwolfen
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- May 11, 2013
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By W. Beatty
9/18/13
John Adams, in 1787, said:
{snip}
What's next? Confiscation! "The Obama administration is reportedly moving on plans to nationalize private 401k and IRA retirement accounts, and replace them with government sponsored annuities (aka Treasury bonds that the Treasury currently can't sell to anyone but the Fed)." Obama has begun a plan to nationalize (aka confiscate) private pensions and to eliminate private retirement accounts, including IRAs and 401k plans.
Read more:
Articles: What John Adams Foretold Has Come True
Of course Progressives will attempt to negate the premise. However we do know in a Socialist atmosphere like Russia that is likely and it appears that is exactly what Obama speaks of in his references to redistribution of wealth.
9/18/13
John Adams, in 1787, said:
"Property is surely a right of mankind as really as liberty. ... but the time would not be long before courage and enterprise would come, and pretexts be invented by degrees, ... in sharing it equally with its present possessors. Debts would be abolished first; taxes laid heavy on the rich, and not at all on the others; and at last a downright equal division of every thing be demanded, and voted. What would be the consequence of this? The idle, the vicious, the intemperate, would ... sell and spend all their share, and then demand a new division of those who purchased from them. ... anarchy and tyranny commence."
The entire Adams passage is well worth the time it takes to read and understand it. I want to examine (in no particular order) some of Adams's thoughts and see how he foretold, over 200 years ago, the situation in which we live today. {snip}
What's next? Confiscation! "The Obama administration is reportedly moving on plans to nationalize private 401k and IRA retirement accounts, and replace them with government sponsored annuities (aka Treasury bonds that the Treasury currently can't sell to anyone but the Fed)." Obama has begun a plan to nationalize (aka confiscate) private pensions and to eliminate private retirement accounts, including IRAs and 401k plans.
Read more:
Articles: What John Adams Foretold Has Come True
Of course Progressives will attempt to negate the premise. However we do know in a Socialist atmosphere like Russia that is likely and it appears that is exactly what Obama speaks of in his references to redistribution of wealth.