European nations begin seizing private pensions

[all]

Two of the five countries are Eeastern, one is Central and two are Western European countries.

What France and Ireland did is not that much different from Social Security trust fund’s mandate to invest in government bonds.

Back in 1997 Hungary did what Bush II tried and failed to achieve – they privatized a third of their Social Security funds. They are simply canceling the program, which was a high cost/high fee/low return (big surprise). The voluntary retirement accounts are not affected by this.

As a side note, almost all former Soviet-dominated countries practice very brutal form of Capitalism. The social net that we have here is more similar to what they had until 1990’s than what they have now.

[OnPoint]

Argentina seized pensions a couple years ago, no? And Team Obama seized the value from GM bond holders, yes? And the “conservative” Supreme Court OK’ed the Kelo decision, no? State of CA seizes the contents of bank safety deposit boxes after some ridiculously short period of no access, yes? Seizing appears to be an approved meme among govt folk. And it has precedent, FDR seized private gold.

An elder relative, a wise man, has been telling me for years to avoid govt constrained pension plans (401K, IRA, etc). He says “take the tax hit up front, put it in real property, preferably out of the country.” I.e., US Feds probably won’t seize your foreign acreage. Just hold it, and sell when you need the cash, with no silly age requirements.

[OnPoint]

Argentina seized pensions a couple years ago, no? And Team Obama seized the value from GM bond holders, yes? And the “conservative” Supreme Court OK’ed the Kelo decision, no? State of CA seizes the contents of bank safety deposit boxes after some ridiculously short period of no access, yes? Seizing appears to be an approved meme among govt folk. And it has precedent, FDR seized private gold.

An elder relative, a wise man, has been telling me for years to avoid govt constrained pension plans (401K, IRA, etc). He says “take the tax hit up front, put it in real property, preferably out of the country.” I.e., US Feds probably won’t seize your foreign acreage. Just hold it, and sell when you need the cash, with no silly age requirements.

[OnPoint]

Argentina seized pensions a couple years ago, no? And Team Obama seized the value from GM bond holders, yes? And the “conservative” Supreme Court OK’ed the Kelo decision, no? State of CA seizes the contents of bank safety deposit boxes after some ridiculously short period of no access, yes? Seizing appears to be an approved meme among govt folk. And it has precedent, FDR seized private gold.

An elder relative, a wise man, has been telling me for years to avoid govt constrained pension plans (401K, IRA, etc). He says “take the tax hit up front, put it in real property, preferably out of the country.” I.e., US Feds probably won’t seize your foreign acreage. Just hold it, and sell when you need the cash, with no silly age requirements.

[OnPoint]

Argentina seized pensions a couple years ago, no? And Team Obama seized the value from GM bond holders, yes? And the “conservative” Supreme Court OK’ed the Kelo decision, no? State of CA seizes the contents of bank safety deposit boxes after some ridiculously short period of no access, yes? Seizing appears to be an approved meme among govt folk. And it has precedent, FDR seized private gold.

An elder relative, a wise man, has been telling me for years to avoid govt constrained pension plans (401K, IRA, etc). He says “take the tax hit up front, put it in real property, preferably out of the country.” I.e., US Feds probably won’t seize your foreign acreage. Just hold it, and sell when you need the cash, with no silly age requirements.

[OnPoint]

Argentina seized pensions a couple years ago, no? And Team Obama seized the value from GM bond holders, yes? And the “conservative” Supreme Court OK’ed the Kelo decision, no? State of CA seizes the contents of bank safety deposit boxes after some ridiculously short period of no access, yes? Seizing appears to be an approved meme among govt folk. And it has precedent, FDR seized private gold.

An elder relative, a wise man, has been telling me for years to avoid govt constrained pension plans (401K, IRA, etc). He says “take the tax hit up front, put it in real property, preferably out of the country.” I.e., US Feds probably won’t seize your foreign acreage. Just hold it, and sell when you need the cash, with no silly age requirements.

[briansd1]

How about when the government bails out private pensions?

Don’t you think that the value of the your 401k has been help up by Federal action?

[briansd1]

How about when the government bails out private pensions?

Don’t you think that the value of the your 401k has been help up by Federal action?

[briansd1]

How about when the government bails out private pensions?

Don’t you think that the value of the your 401k has been help up by Federal action?

[briansd1]

How about when the government bails out private pensions?

Don’t you think that the value of the your 401k has been help up by Federal action?

[briansd1]

How about when the government bails out private pensions?

Don’t you think that the value of the your 401k has been help up by Federal action?

[NotCranky]

There is much divisible privately held residential and agricultural land. To develop it the owner must.
Dedicate as much as 60% of the land as “open space”
Hire a biologist.
Hire an archeologist who could potentially trigger a huge review(this is churning work).
Hire engineers/surveyors(these things can be done with legal descriptions only)
Hire a fire hazard study consultant(or something like that)
Pay tens of thousand for review of this work by local governments and perhaps also the state, depending on some circumstances.

It has not always been this way and there is much of the U.S where a subdivision can be done on paper for chicken feed, compared to what it takes around here. One day someone will be able to buy the open space back into use(or it will be given to Corky Mcmillin) and the biological studies (which are mostly just churning work) will be rendered irrelevant.

I call this Confiscation.

[NotCranky]

There is much divisible privately held residential and agricultural land. To develop it the owner must.
Dedicate as much as 60% of the land as “open space”
Hire a biologist.
Hire an archeologist who could potentially trigger a huge review(this is churning work).
Hire engineers/surveyors(these things can be done with legal descriptions only)
Hire a fire hazard study consultant(or something like that)
Pay tens of thousand for review of this work by local governments and perhaps also the state, depending on some circumstances.

It has not always been this way and there is much of the U.S where a subdivision can be done on paper for chicken feed, compared to what it takes around here. One day someone will be able to buy the open space back into use(or it will be given to Corky Mcmillin) and the biological studies (which are mostly just churning work) will be rendered irrelevant.

I call this Confiscation.

[NotCranky]

There is much divisible privately held residential and agricultural land. To develop it the owner must.
Dedicate as much as 60% of the land as “open space”
Hire a biologist.
Hire an archeologist who could potentially trigger a huge review(this is churning work).
Hire engineers/surveyors(these things can be done with legal descriptions only)
Hire a fire hazard study consultant(or something like that)
Pay tens of thousand for review of this work by local governments and perhaps also the state, depending on some circumstances.

It has not always been this way and there is much of the U.S where a subdivision can be done on paper for chicken feed, compared to what it takes around here. One day someone will be able to buy the open space back into use(or it will be given to Corky Mcmillin) and the biological studies (which are mostly just churning work) will be rendered irrelevant.

I call this Confiscation.

[NotCranky]

There is much divisible privately held residential and agricultural land. To develop it the owner must.
Dedicate as much as 60% of the land as “open space”
Hire a biologist.
Hire an archeologist who could potentially trigger a huge review(this is churning work).
Hire engineers/surveyors(these things can be done with legal descriptions only)
Hire a fire hazard study consultant(or something like that)
Pay tens of thousand for review of this work by local governments and perhaps also the state, depending on some circumstances.

It has not always been this way and there is much of the U.S where a subdivision can be done on paper for chicken feed, compared to what it takes around here. One day someone will be able to buy the open space back into use(or it will be given to Corky Mcmillin) and the biological studies (which are mostly just churning work) will be rendered irrelevant.

I call this Confiscation.

[Author]

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