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Never underestimate liberals.
What is happening in Ireland might seem shocking, but it's exactly what conservatives in America have been predicting was coming for some time. It was Margaret Thatcher who proclaimed that the problem with socialism is that you eventually run out of other people's money. A perfect example of this is European socialist states like Ireland. They've taxed and spent, taxed and spent, taxed and spent, and now as they look to keep spending, they've got to find other sources of revenue.
And guess where they're looking:
The Irish government plans to institute a tax on private pensions to drive jobs growth, according to its jobs program strategy, delivered today.
Without the ability sell debt due to soaring interest rates, and with severe spending rules in place due to its EU-IMF bailout, Ireland has few ways of spending to stimulate the economy. Today's jobs program includes specific tax increases, including the tax on pensions, aimed at keeping government jobs spending from adding to the national debt.
The tax on private pensions will be 0.6%, and last for four years, according to the report.
Yes, you read that right. Personal retirement/pension plans are now being taxed by the government of Ireland to try to alleviate their insatiable need to "spend" in an effort to stimulate economic growth.
Keep that in mind when you hear liberals here in America saying how desperately government spending is necessary for economic growth. Keep that in mind when conservatives say that the left feels entitled to power and to your money. They feel no shame as they find new ways to grab it - they're doing it for the common good, you know. As Barack Obama says, when you spread the wealth around, everybody benefits.
Of course they do. Just ask the people in Ireland who have been responsible and planned for their retirement.
Obviously the American left follows the path of the Euro-socialist model to perfection. So it's only a matter of time until we see this idea creep up in the United States. Given the financial woes we have and that Democrats seem intent on exacerbating, that time may be sooner rather than later.
There is, however, one major difference between Ireland and the U.S.: the people. There's way too much American individualism to stand for this type of arbitrary and outrageous government overreach. If they try, it's gonna get ugly.