Eventually the government MUST come for our savings. Once our debt bomb explodes, the only REAL money left in this country is in private savings (banks, 401k’s, pensions). They will take this money and replace it IOUs.
Why am I so sure - because the ONLY other option that can resolve this problem is to turn Social Security into a welfare program, and the geezers won’t allow that for a second.
There really is no other ending.
Point One: I'm one of your "geezers", so I'm at the sharp end of your argument.
Point Two: (and really the salient one) SS hasn't been anything BUT a welfare program practically since its inception, but particularly over the past thirty years.
(I didn't expect to ever be able to recover more than a fraction of the money I was paying into the system when I first started work, and it's almost a surprise every month when I get That Check, not to mention that it actually continues to clear the bank.)
Sorry to wreck your argument, but if you're depending on any delay in the Feds looting your 401K while they're occupied with the dustbunnies left in the Social Security "Lockbox", you're strictly SOL.