It is going to be interesting when the Obama team tries to confiscate private pensions, 401K’s, and IRA’s.
The D’rats held congressional hearings on that topic in Dec,2008 - shortly after the elections. A clear signal was sent then...
Yes it will be interesting to watch ... watch how easy they do it and turn people who have large 401K’s and IRA’s into evil rich who deserve to be stripped of their ill gotten gains.
Watch how the IRS will be involved into intimidating anyone who tries to cash out before hand with huge penalties and potential criminal prosecution by some obscure law.
Once the Govt takes over the 401K’s / IRA’s, guess who will be the largest share holder of privet business in America? And we'll stand there and watch in amazement as America goes from a Capitalistic society to the Govt owning the means of production/business.
If he does, I’m guessing he will do it through class warfare. Simple, direct assault is so...unsophisticated.
It is go time if that happens.