No. of Recommendations: 1
" I keep reading (John Mauldin, etc..) that the Gov (state and fed) will need to pay for all the public pension obligations coming due and one idea that has been mentioned is a "wealth tax". Tax the wealthy.

Thanks for any input/thoughts. "


Stay calm and stay nimble. Moving can always be an option.

The PBGC would not exist if there really were a guaranteed pension.
Somehow or other - there will more likely be an overall tax increase
at the state and/or local level or a sales tax "surcharge" specific to
"pension reform".
For "pension reform" you might read "pension robbery".
Not all "Promissory Notes" end up being paid and "government" generally
feels itself exempt from laws until "pushed".
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.