Punishing the Successful

There are changes to Americans’ 401(k) plans that are included in the Omnibus Spendathon bill currently in front of Congress, and they are IMNSHO highly favorable. (Aside: I hope the Omnibus Spendathon gets killed in favor of a short-term bill—or no bill at all; we won’t miss the Federal government for a few days—that will let the incoming Republican-majority House have its input into the year’s spending. These 401(k) provisions could be brought up and enacted then.)

Among those changes are a raise in the age at which account holders must begin taking their Required Minimum Withdrawals from the current 72 years old to 75 years old.

Cue the outrage from the Progressive-Democratic Party politicians and their Leftist supporters, all of whom hate the success of others.

Some lawmakers, academics and policy analysts have criticized some of the provisions, including the move to raise the age of required retirement account distributions to 75. They argue much of the legislation benefits the wealthy and the financial-services industry.
“It will primarily subsidize the wealthy and worsen the racial wealth gap,” said a statement from Americans for Tax Fairness.

Leave aside the racist slur from ATF regarding its manufactured race beef. Never mind that the proposed legislation doesn’t harm anyone, or that it gives a path to greater prosperity to those willing to scrimp more now in favor of greater payoffs tomorrow. Those Progressive-Democrats and their Leftist supporters are desperate to hold back some because others can’t keep up. They can’t conceive of—or refuse to consider—ways to help those others do better.

Progressive-Democrats and their Leftist supporters, at bottom, have nothing but contempt for the capabilities of those of us on the middle and lower economic rungs. We average Americans are simply too grindingly stupid to be able to act on our own; we must be “taken care of” by our Betters on the Left.

Priorities

Another fail by the Progressive-Democrat Mayor of New York City Eric Adams.

New York City Mayor Eric Adams said with the expiration of Title 42, the Big Apple may be forced to cut public services to prioritize an expected influx of an additional 1,000 migrants arriving every week.

He said it explicitly:

Truth be told, if corrective measures are not taken soon, we may very well be forced to cut or curtail programs New Yorkers rely on, and the pathway to house thousands more is uncertain[.]

There’s this bit of context, too:

In the past several months, New York City has already received more than 31,000 asylum seekers….

That in a city with a population of 8.8 million residents, of whom, more than 350 thousand already receive public assistance. And Adams seriously thinks the 31 thousand are a serious drain on so large a city with a welfare system so broad.

Adams seriously thinks American citizens should take a back seat to a small collection of illegal aliens.

Why is this mayor prioritizing illegal aliens over his city’s American residents in meting out his city’s finite support resources? Well, he is a Progressive-Democratic Party politician….