Gun registration = delayed consfiscation
IRA nationalization = same result
I don’t totally disagree. But I do suspect it would be easier for the US government to nationalize foreign investments in this country. Our country can withstand a war with foreign countries over their US assets. I’m not sure anyone really thinks our country can handle the unrest of nationalize everyone’s IRA or 401K. I think eventually they might take IRA’s etc.... but it will be after the war over foreign held assets.
If you chose to fight it, the government will deny you health insurance, Social Security, tax deductions (both Federal and State), and will target you for surveillance, harassment, and arrest.
By virtue of your tax return each year, they know exactly what you have.
Put your trust in Christ alone. All else will burn.
I think the government WOULD perform such a seizure if they could figure out how to do it without crashing the economy, but they haven’t yet figured out how to do that.
The problem with such a seizure, is that unless it was all secretly pre-planned in massive detail such that on one late Friday afternoon the dictator President announced freezing all IRAs, 401(b)s, 403(b)s and all other plans, the normal process of legislative authorization and its lengthy debate would give plenty of time for everyone to sell out of their retirement accounts, biting the bullet of paying the maximum tax rate incurred from emptying the accounts in a single year. Such a scenario in which everyone attempted to exit at the same time would crash the financial systems and the economy and do it in such a way recovery would be nearly impossible.
Even the above mentioned freeze would itself crash the economy. After all, the government itself couldn’t exactly sell off those trillions overnight in order to convert them to government bonds without crashing the economy either. Heck, they couldn’t even do that over the course of several years. Not to mention the chaos in the markets due to the massive uncertainty such a seizure would cause, meaning the seized assets would become suddenly worthless. And finally, such a seizure would leave millions destitute and lead to massive numbers of lawsuits, adding more chaos and uncertainty.
So the paranoid scenario of sudden retirement account seizure by the government has a probability that approaches zero.
I’m surprised Obola didn’t simply try to steal education savings accounts instead of just trying to tax them.
I’m just surprised they have not already done it and don’t think 401k’s are beyond govt reach either.
If the government is going to inflate then don’t do it with borrowed money. Just print the stuff and save the interest.
The end goal of these people is we own nothing. No money. No car. No house. Everything in the hands of the collectivity. Find out more about communism, cuz this is what we’re getting with 0, pelosi, reid, kerry and the clintons.
IMO, the easiest way to do this is to means test Social Security, more than it already is.
For example, raise the maximum taxable percentage of SS from 85% to 100%. Once that is accomplished, then proceed to actually CUT SS payments to those who have “other” pension plans or IRA/401k distributions.
The sales pitch will be something like: “Those folks have ‘enough,’ so they don’t ‘need’ Social Security.”
bkmk
The most prolific criminal class in American history.