Data shows why Americans’ Retirement Accounts will be subjected to Confiscatory Taxes
Income inequality will lead to deep political divisions among senior citizens that will profoundly change voting patterns. These divisions will unfold along racial, regional and class lines and bring about a paradigm shift to the left in American politics.
A result of that will be high confiscatory taxes directed at affluent seniors and their retirement accounts. Expect to see many wealthy older people flee the United States to escape those taxes in the decades ahead.
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