We knew it. All that money sitting there in IRAs was just too juicy a target for these marxist thieves. It's "unfair" that you saved and the illegal immigrants down the block who just got here didn't. Or the poor single mom with a half dozen kids on welfare her entire life, talking on her obamaphone while she cashes in her food stamps. So time to share. Pony up you suckers who saved for your retirement. Obama is proposing a tax or perhaps outright confiscation(if not now, later) on IRA balances that are "too big". Apparently they consider anything over $3 million excessive. In true liberal fashion, he will decide how much you legitimately "need" for retirement. He's also happy to decide what kind of medical care you'll get (piss poor), what kind of gun you can have(none) and what you can eat( grass). http://thehill.com/blogs/on-the-money/domestic-taxes/292071-obama-budget-to-target-wealthy-iras This is just another example of why you can never trust the government. People laid up money in these accounts over the years on the promise that it would not be taxed until withdrawal. Well, forget that. Emperor Obama needs to fund more of his Hugo Chavez-style vote buying or maybve just a couple more lavish vacations for himself and a few dozen rappers.