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
Political Junkie Too wrote: 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?
You would lose control over the investments in your 401K. The government would sell any current assets and invest the revenue in government long term bonds and give you an annuity upon retirement. Really simple to write the laws.
While I haven’t heard this proposed, I’m sure the dems would want to enforce some kind of retirement equality where the amount of the annuity would not be 100% proportional to the amount you put in.
Political Junkie Too wrote: 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?
Why would the government be overly concerned with trivial matters like that? If they were, they could schedule the liquidation of those assets over a period of time to minimize the downside.
De facto nationalization would be viewed as a positive, not a negative.
My 401(k) is invested in the stock of the company I work for.