[Alberta's Child]

I don't think there's going to be any "rising up," either. But in this particular case, I also don't think there needs to be a popular uprising to make the policy completely counter-productive.

If I were in a certain age bracket and my 401(k) account was my biggest asset, a government "seizure" of this kind would be a huge incentive for me to simply withdraw the money without reporting it as taxable income. For that matter, I'd have no incentive to ever file a tax return again in my life.

[CharlotteVRWC]

it may not happen soon, but likely will eventually happen.

I am at a loss as far as where to ‘hold’ my meager retirement savings. Small 401-k will likely decline with 0bama in office. Property as an investment seems to draw high property taxes. Gold is (or will be) taxed at high levels when over $1000 is ‘sold’ which is less than 1 ounce.
C/D interest levels stink. No good investement for the small invester...

any freeper ideas appreciatd.