Life in "Progress" Country - Ireland edition

May this be a lesson to those of you who don't believe that the feds won't come after our Roth IRA's or 401k's before we get our hands on them...........

The Irish government plans to institute a tax on private pensions to drive jobs growth, according to its jobs program strategy, delivered today.

Without the ability sell debt due to soaring interest rates, and with severe spending rules in place due to its EU-IMF bailout, Ireland has few ways of spending to stimulate the economy. Today's jobs program includes specific tax increases, including the tax on pensions, aimed at keeping government jobs spending from adding to the national debt.

The tax on private pensions will be 0.6%, and last for four years, according to the report.

Anyone want to lay money that this doesn't go away in four years?

Mr./Ms. "Progressive" ask yourself this question does this tax impact the Warren Buffett's of the world more than retired citizens who rely on these pensions for their support?


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