From the files of doom monger Zero Hedge, we have this lovely idea:
President Obama’s budget, to be released next week, will limit how much wealthy individuals ... can keep in IRAs and other retirement accounts.Something they might not have considered: If it's not your business, it's not your money and it's not your retirement, then that national debt they need serviced is not your problem.
The proposal would save around $9 billion over a decade, a senior administration official said, while also bringing more fairness to the tax code.
The senior administration official said that wealthy taxpayers can currently “accumulate many millions of dollars in these accounts, substantially more than is needed to fund reasonable levels of retirement saving.
Where you go (or just stash your cash) is up to you, but you have to admit, Brazil is nice.
Elsewhere across the SLOBosphere, WC Varones recommends buying gold in foreign countries so your wealth can't be taxed.
Brazil is nice.
Note: The video is a tiny excerpt from the Monkees episode, The Spy Who Came In From The Cool. The song in the background is Steppin Stone.