Okay thanks. Is it your take that the other plans will be able to avoid being taken over? I’m rather skeptical about that in the long run.
Well, I don’t trust the scumbags, liars and thieves in Congress. They are capable of anything.
But in this current proposal, the government isn’t proposing to “take over” anything. They just want you and me to be able to contributes LESS to a tax-deferred retirement account, because they want tax money now.
Pension plans are tougher for them to get money from now, but they could find a way to limit corporate tax savings. But pensions are mostly disappearing in the corporate world. 9 times out of 10, if I meet someone who still has a pension, they’re a government worker of some sort.