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To: reaganator

Basically you are not wrong.

The next step will be the confiscation of everyone’s 401k / IRA savings under the guise of “fairness and compassion” the government will try to use everyone’s retirement savings to offset those who saved nothing, without social security this will be how the “fix” it then it will be fair and everyone will be eating cat food and grass.

As a side note, congress has already had bills submitted in the past to do this very thing.


2 posted on 01/29/2024 6:32:19 AM PST by Skwor
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To: Skwor

Gold and or Silver is the option .


3 posted on 01/29/2024 6:36:04 AM PST by spincaster
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To: Skwor

“The next step will be the confiscation of everyone’s 401k / IRA savings under the guise of “fairness and compassion…”

That’s been in the works for over a decade. Theresa Gagliardi (sic?) proposed this at some “think tank” in New York on the grounds that Americans are too stupid to handle their own money. So the government should take that 4 trillion dollars just laying in all those 401k plans.

L


4 posted on 01/29/2024 6:37:24 AM PST by Lurker ( Peaceful coexistence with the Left is not possible. Stop pretending that it is. )
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To: Skwor

Partial confiscation of 401Ks et al was ALREADY considered and promoted during the Clinton Administration under Hillary’s illegal health care attempted take over. It was heavily pushed by Teresa Ghilarducci, a Hillary Task Force academic shill.


19 posted on 01/29/2024 7:08:21 AM PST by Gaffer
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To: Skwor
I disagree with you about the outright confiscation of personal retirement funds.

The more likely -- and feasible -- approach to "saving" Social Security is what we are seeing right now:

1. Pretend the system is solvent without any changes.

2. Erode the purchasing power of the U.S. dollar through inflation.

3. Artificially underreport the rate of inflation so that Social Security cost-of-living adjustments (COLAs) don't keep up with the real inflation rate.

4. Import tens of millions of immigrants from Third World dumps who will subsidize the retirement of existing Americans through: (A) paying future payroll taxes, and/or (B) accepting a reduced standard of living to place downward pressure on living costs for U.S. retirees.

27 posted on 01/29/2024 7:26:22 AM PST by Alberta's Child (If something in government doesn’t make sense, you can be sure it makes dollars.)
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To: Skwor

Together with their open border plan is nothing more than another aspect of the Cloward-Piven strategy to overload our welfare and social security systems and use the resulting chaos to usher in and implement Marxism by public demand.


66 posted on 01/29/2024 10:16:30 AM PST by batazoid (Plainclothes cop at Capital during Jan 6 riot...)
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