“If they confiscated 100% of 401ks, they would give it away to bums, derelicts, and degenerates here and abroad.”
Not quite.
They’d SAY they’re giving it to bums, derelicts and degenerates here and abroad.
In reality, they’d divvy it up amongst themselves.
Our State Department can't account for a hundred billion or so each year. So they will just give it to the State Department, who then launders it abroad and sends it right back to the Beltway club of the uniparty.