Obama seeks to cap retirement accounts so that no individual saves “more than is needed”

My first thought when I read this headline was to shudder at how eerily similar the proposal sounds to the institutionalized theft that just happened in Cyprus where bank accounts over $130,000 had 40% their deposits simply confiscated.  Only two weeks ago, I warned that this would find its way here eventually.  I didn’t expect it to be so soon.

Full article:
http://www.infowars.com/obama-seeks-to-cap-retirement-accounts-so-that-no-individual-saves-more-than-is-needed/