Want to see what a bunch of rich crooks look like? I was reading a Politico article on the progress of Donald Trump’s massive tax cut for the uber wealthy and this little nugget caught my eye:
One idea quietly being discussed would be taxing the money that workers place into their 401(k) savings plans up front: an idea that would raise billions of dollars in the short-term and is pulled from the Camp plan. This policy idea is widely disliked by budget hawks, who consider it a gimmick; the financial services industry that handles retirement savings; and nonprofits that try to encourage Americans to save.
If anyone thinks this is tax reform, they are fooling themselves big time.
The Trump administration is trying to pass a massive transfer of wealth and it will end up on the backs of millions of Americans, to enrich a few. This 401K scheme they’re considering is just another assault on hard working Americans everywhere.
This is a Creative Commons article. The original version of this article appeared here.