Personally I hope the Dems try this. Added to Obamacare, Cap and Tax, and amnesty, it will sink the Dems (in general) and Socialists (in particular) for decades.
“Government officials vociferously deny any intent to eliminate 401(k) or IRA investments in favor of a government-run system. Joseph Dewolk, a spokesperson for the U.S. Department of Labor, told Carolina Journal it’s inaccurate to say they’re looking to convert IRAs or 401(k)s to a government-run plan.”
Of course they are not.
That comes later after it is too late to stop it.
Remember, progressives have learned to take it one step at a time.
I’m with you on this. Even my strongest Democrat associates would get pissed over this...
...because it actually effects their OWN wallet and not mine. Sad, but true.
However, if the Government moves to do this to 401k’s for people who have salaries above $X amount, then no one will care until it’s too late.