Ever time the dems are in power they want access to the wealth in the 401 k plans.
During Clinton’s years, the idea was to take 10% of the existing balances and 10% of all future contributions and ‘invest’ those funds in the inner cities.
Elizabeth Warren thinks your 401k funds should be invested in annuities managed by the federal government.
My 401(k) is invested in the stock of the company I work for. How would Warren force me to invest in her annuities without selling my company holdings?
What would that do to my company's assets if shareholders were all forced to divest in order to fund government annuities? Who would be the buyer of a forced sale, the government? Wouldn't that be a de facto nationalization of companies whose workers invested their retirement savings?
-PJ
....Elizabeth Warren thinks your 401k funds should be invested in annuities managed by the federal government.....
well if Congress had invested Social Security funds instead of spending them, it might not be broke.
....Elizabeth Warren thinks your 401k funds should be invested in annuities managed by the federal government.....
well if Congress had invested Social Security funds instead of spending them, it might not be broke.