So they won’t let us personalize our Social Security accounts, but they’ll gladly nationalize our 401k accounts (or tax the hell out them at retirement).
Why retire? Why donate to a 401k if the Feddies will “take care of you”. Just keep working until you drop dead.
Remember, annuities are paid for in “tomorrow’s” dollars. You know; the devalued ones?
Retirement accounts worth trillons in untapped potential new taxes will be way to tempting for dems to pass up
Also it will not be a direct tax on income so the American public won’t know they have robbed until they retire and their nest egg all of a sudden is less than half thought it was