....Wanna bet the DC solution is to reach out and grab (nationalize) the existing privately controlled 401Ks to subsidize the Federal government’s train wreck?
I am surprised this has not happened yet. Government loves to confiscate shiny pots of money wherever they can be found.
I’d like to see them try. They’ll have millions of soon-to-retire boomers at their doorstep with pitchforks. These are private investments to which the government has no rights.
That’s the idea of the “annuities” they’re floating.
“”Wanna bet the DC solution is to reach out and grab (nationalize) the existing privately controlled 401Ks to subsidize the Federal government’s train wreck?””
More and more articles are revealing this as their plan. They think the country is angry now? I’m waiting for the first knucklehead that will have the guts (or is insane enough)to propose it in a bill. George Miller - D-CA and Jim McDermott - D-WA have something in the works but just not sure what it is at this point.