[Buckeye McFrog]

How Retirement Benefits Will Change in 2017

Bernie Sanders will get elected and name Theresa Ghilarducci as Treasury Secretary. They’ll implement her grand scheme to confiscate all IRA’s and 401K’s and roll them into a big national “guaranteed” pension plan. This will allow them to bail out all of the bankrupt union and public employee pension funds, while simultaneously making the US Government the biggest shareholder in all corporations.

Simultaneously they will increase Social Security benefits by applying payroll taxes to all levels of income and slapping a transaction tax on Wall Street.

[wbill]

Of all the tinfoil-hat conspiracies that get touted as "a sure bet" here on FR, I think that what you posit is the most likely to happen - in fact, I'd call it "a sure certainty" if Dems get a majority in 2016. All those trillions of dollars, just sitting there, is just too tempting for politicians NOT to try and steal.

And sadly, I think that mainstream America would go along with it. "3%!! Guaranteed?! That's like, way more than the .1% I'm getting on my bank deposits."