“they can’t “take” our 401k’s because it’s not theirs to take, its basically like a savings account.”
Yes, they can. The USSC gave congress the ability to tax anything and everything including nothing and to tax all of it.
man.. everyone needs to calm down. They are not going to tax our savings accounts at 100%. Geeze people, calm down.
Having a 401 these days, especially a Roth, is like having owned land in the South after the war between the states. Gone. Or when the Russians invaded east germany and poland during WWII: you got ten seconds to leave this farm and 9 of them are gone.
But..... 401K streams of cash every week are like welfare to investment fund managers. If the gov touches 401Ks the contributions will stop immediately. That money funds big and small corporations expansion, growth, and new enterprises. It’s very steady and very stable. I really can’t see even libtards being stupid enough to cut off 50% of the goose and stomp on the egg?