This needs to be stopped in its tracks.
As a currency collapses, the government will thrash about like a mortally wounded shark, looking for any “legitimate” means to prop itself up for the next day or week.
They will seek to confiscate ANY wealth that they can get hold of.
Oh . . . but they took such good care of our social security . . . . /sarc
If it even looks like the ‘Rats are going to seize 401k accounts, I’ll cash mine in and take the tax hit.
Up theirs. Damned if my dough is going into a phony “lock box” that’ll be raided to fund ‘Rat voters and will go bankrupt before I retire!
This is how the Argentine government stole all the wealth that its more prudent and hard working citizens had saved up, so it could be handed out to public employee unions and government-supporting layabouts. It is rank thievery. We should resist it by ANY means necessary. Any politician or bureaucrat supporting it should suffer the most dire consequences.
All your money are belong to us.
They already see us as serfs and are just finalizing some of the legalities.
Pray, prepare and vote while you still can.
These people will not give up until there is bloodshed.
Pssst! Pssst! Jane Fonda and Ted Turner have a lot of moola and they love communism.
They have no reason to give up. We’ve not been able to stop any of this illegal administration’s ‘initiatives’ to this point. They have nationalized industry, financial institutions, healthcare, and they are now working on the rest of the media they don’t already control, the private wealth of the nation is merely the next stage in the grand scheme to destroy the country, and sink us into the hell that is socialism.
It’s time to take back the country.
Aside from the issues of them taking our money.... think how many more people will be put out of work in the private sector by something like this!!!
If they try and do this I would be motivated to do something more than just complaining about the socialists in DC. Our DC politicians have already destroyed my retirement savings by F)&$ing Up the investment system. Now they think they can steal it and Federalize it!
Not while I am still breathing!!
Sooner or later, they’re going try and grab something and draw back a bloody stump. This may be it.
just try it, bastards...
“Do you feel lucky....punk?”
Every one of these outrageous proposals is a call to action for CONSERVATIVES!
There will be violence and riots in the streets if they try to pull this off.
After I earned my Commission and arrived at my permanent duty station my new Squadron Commander told me I should think of starting an IRA. Since I was an older, prior enlisted type of “butter bar” I had been reading about different savings and retirement plans.
I told my Commander that I did not like the idea of IRAs because the politicians would try to take them one day with the excuse that since we got tax breaks on them the Government owned them. My Commander tagged me as a “boat rocker.”
It has taken 25 years since that time but my statement is now becoming reality.
Anybody who put their money in a 401K instead of doing something important with it should have seen this coming.
Set a hug pile of UNTAXED money in front of the government? not me...
The whole purpose is to avoid the hideous tax laws- and thay can’t let that go on.. there’s a deficit they need (your) money for!
They can just ‘merge’ it into your social security account!! Don’t worry- its still yours- it in your account!