[dynachrome]

Confiscate 10%? 15%? of 401k plans. For da chirrens.

[Leaning Right]

> Confiscate 10%? 15%? of 401k plans. <

I haven’t read about any confiscation plans, yet. But I’ve read about plans to forcibly convert a portion of everyone’s 401k’s into 30-year government bonds paying maybe 2 or 3%.

That wouldn’t be theft (so they say), because they’re not taking anything from you. They’re just moving your money around a bit.

[OldGoatCPO]

What they will do is “Borrow” money from your 401k. They will return it when you retire at a lower interest rate of course. If they ever return it.