I would really, really doubt that outright theft would happen. Because at that point, politicians would start to swing from lampposts. Cranking the heat up too high, makes the frogs jump out of the pot.
No, instead I'd think that people would be "encouraged" to "voluntarily" join some sort of program along these lines. ....Oh, and incidentally (it's certainly nothing to concern yourself with, taxpayer), we'll make whatever system (401k, IRA, trusts, etc) you currently have completely untenable....
'Tis why the extremely hard push to convert everything to Roth IRA's makes me a bit nervous. I can see advantages to doing it in certain situations, but absolutely not for everyone (like many are proposing). Speaking for myself, I keep some $$$$ in a bunch of different places and tax structures. It's more complicated, and maybe wishful thinking. but I figure that DC can't get everything at once.
Speaking for myself, I keep some $$$$ in a bunch of different places and tax structures. It’s more complicated, and maybe wishful thinking. but I figure that DC can’t get everything at once’
EVERY ONE of those accounts is tied to your social security number.
They have computers that can get everything at once.
Get a large safe— put some of it into cash NOW.