I agree 100%: The writing has been on the wall for at least thirty years. Heck, twenty years ago I realized the government would try to take my 401k eventually; as a result I have pushed all my post tax savings for the last fifteen years into a private investment account. I don’t need SS, a pension, my IRA or 401k, I’m in my 40s and set for life with a nice cash flow from money I’ve already paid taxes on, I could retire tomorrow if I wanted to and live very comfortably. So I have little sympathy for those who claimed they couldn’t see it coming. The warnings have been out there since Reagan; I made huge sacrifices in lifestyle to sack away the money I did, and I have often wondered if it would be worth it. Seeing many of my peers and those a little older totally dependent on meager SS income, and wondering what will be left for them in the next decade, I know it was worth it. If anyone says they didn’t see it coming, they weren’t paying attention.
True statement ... every newspaper every morning carries a story of a tragedy (usually a death) that could be boiled down to someone "didn't see it coming"
MY contention is, .. it was not put before me
EVERYone is not astute and aware at all times about every thing
Some of us had blinders ... work, family, church, food and bills
Private accounts are not protected from Piracy, lambslave.