The Democrats win either way. If a lot of people cash out their 401k accounts and pay the tax, there is an instant windfall to the treasury. They don’t care how they get our money, they just intend to get it.
There’s a difference between a short-term windfall under old tax guidelines, and a more egregious tax next year.
The key is to take the principal out of the volatile market equation and empty their potential coffers.
I intend to be invisible when it comes to future taxes. For all intents and purposes, I just might be an Obama voter.