Democrats on Capitol Hill are proving their socialist stripes: They’ve reportedly considered raiding the “super-sized retirement savings accounts” of the wealthy to pay for their $3.5 trillion progressive spending fiasco.
On Tuesday, Politico reported that congressional Democrats are “aghast that hundreds of Americans have IRAs worth more than $25 million, and nearly 30,000 have accounts with balances topping $5 million.” (The nerve of them, no?)
On the other hand, they observe, some folks “have little to no retirement savings” — also surely the fault of those who work hard and save their money over the course of their lives.
Meanwhile, Democrats are desperate to figure out how to pay for all those left-wing agenda goodies — free college tuition, climate-change schemes, universal pre-K — that they’re aiming to stuff into their $3.5 trillion spend-a-palooza. Finance Committee Chairman Sen. Ron Wyden (D-Ore.) vows to find a way, even if it takes all summer. And what better way than to skim from the savings of “evil” rich folk, those who have been wise stewards of their money, that is?