Here’s the real kicker: Too much talk about taxing or rolling 401Ks into a government run system, and we’ll see a run not seen since the late 1920s-early 1930s.
I would cash mine totally out ... pay the taxes, pay the penalties, and keep the change rather than have the government redistribute my wealth to someone else.
And you are absolutely right ... there would be a massive exodus from the market not seen ... EVER. S&P 500 would crash.