Foot in the door strategy. First the 529’s, then the 401k, IRA, and then any and ALL deferred tax contribution plans, culminating in a Cypress style “bail in” involving the feds robbing you of all of your savings and/or investments.
Have stocks or bonds? GONE!
Have a retirement plan? GONE!
Paying into a pension plan? GONE!
The feds will make the Soviets and the chinese look like a bunch of rank amateurs when it comes to confiscation of property and wealth. And they have the resources and people to pull it off. It’s just a matter of when.
It’s getting to the point where I could just leave this country without even a second thought. The government is becoming more my enemy with each passing day.