If I see ever see actual legislation to seize our 401Ks being initiated, I’ll cash mine in and hide the money.
Yep - same here - ceptin I'll buy gold with it and leave the states>
I imagine alot of people would. But you would still have been eliminated as part of the Investor/Kulak Class. 'Rat/Commie Mission Accomplished
When the Kulaks learned that the communists were confiscating livestock, they slaughtered their own and feasted. Then they were shot by the commies.
When war broke out, there was a massive lack of draft horses as a result of the Kulak liquidation. Tank production had to be diverted to truck production as a result....until the naive United States starting sending Stalin shiploads of trucks through Murmansk.
There's nothing to stop them enacting legislation to retroactively punish those who cashed in their 401k's...or to deny you government largess.....
ACORN Bank Officer:"I am sorry, Comrade Quilter, but since you cashed in your 401k before the government could assume ownership, you are no longer eligible for a mortgage from the government bank, a car to buy from the government car factory, or medical care from the government healthcare system."
AQ: "Then what am I supposed to do?"
ACORN Bank Officer: "Die, capitalist pig!"