A Judge who actually read and followed the Constitution would prohibit this a “taking” under the 5th Amendment. But since the Constitution is a dead letter, I guess it won’t matter.
When are we going to have a tooth brush pool? Take a brush from the pool, brush your teeth, and then return it to the pool.
Thank you Obama and SEIU. I was concerned about the safety of my non-existant emptied out retirement funds, empty because the extra cash I’ve earned has went to taxes, insurance, and debt payments (well, plus that mispent decade . . . or was it two?).
It's U-S-S-R. USSR.
GET IT RIGHT NEXT TIME!
Ha! I cashed mine out in January of last year. And to be a total ass, I will apply for a government pension should they ever start one! I’ll play this system and milk it for as long as I can.
It’ll be a cold day in hell before they do this to me! As a hard working, responsible person who had the forethought to put money away for my and my family’s well being my entire working life, I am looking at my nest egg now as one of the only things keeping me from doing something rash. Touch it, and things will NOT end well. We sacrificed to save because we are responsible. I’m sorry that others weren’t as smart to do the same, but it is not my responsibility to take care of those who refuse to take care of themselves. They want a revolution, I think folks like me will be willing to give it to them!!!
the SEUI is effectively advocating stealing your 401k - to cover for their outrageously rosy “estimates” on portfolio returns (which in fact have been negative over the last ten years.)
Nevertheless, they will take what they can get. Union pension funds have been the source of union boss, raiding since time began, and how the unions remain virtually unscathed and unaffected by this grand theft, is beyond me.
Intimidation, arm twisting, beatings, murder, are the only things that make any sense.
F with my money and I’ll hunt you down like an animal....
I liquidated a few weeks ago on an uptick, got some gold, siilver, seeds, and ammo. Not a lot, but enough. The rest went to short term investments.
First thing,
1) 401Ks move with you now because you own them. Fixed Pensions dont.
#2) One reason saving rates are low is because everytime Washington (Greenspan, Bernake, Clinton,Bush, Obama) wants to stimulate the economy they create play money and shove interest rates to zero. Economics is simple. When you force prices low (interest rates) you increase demand (borrowing) and decrease savings=shortage of savings (supply). DUHHHH!
Peter Schiff Austrian economics class lesson 101 !
This is the line in the sand that should they cross I rebel. No question about it.
I did all the “right” things with the money all the entitlement crowd left me after stealing money from my paycheck.
I saved and put money in 401Ks. I put up with a government passing ex post facto laws and changing the retirement age for SS which I was FORCED to accept but this I would not accept.
There is nothing I detest more than unions and their fellow travelers, Marxists.
If they lay one finger on my money I promise they will not be able to count to 10 on both hands.
We have reached the point in history that Thomas Jefferson warned us would occur and fortunately he made sure we had a viable solution.
Well you union bastards, bring it on.
Are they any patriots remaining or are they all hiding behind their keyboards?
Out of my cold, dead hands.
The SEIU goon and communist Andy Stern is Obozo’s biggest advisor.
If they are talking about this, you best be considering how you plan to keep what belongs to you, yours.
Otherwise, you will never see it again.
SEIUer Rat ping
With most 401k funds invested in stocks, bonds, etc, wouldn’t confiscating them and pulling them out of the markets crash the economy?....Oh...nevermind.
they’ve been plotting it for at least two decades