Of course they won't say they are just taking it, that would be a pitchforks and torches moment. They'll lie, say it's a tax on fat cat bankers and hope that by they time we notice that we're the fat cat bankers in this scenario it will be too late for us to do anything. And so it's beginning.
That’s why they keep trying to jump start inflation.
A 5%+ inflation rate would solve a lot of problems for the political class.
Maxing out your 401k for 25 years, wow, that must be some nest egg! I would imagine (depending on what you have your funds in), that it’s just booming lately. Good for you!
Our 401ks and IRAs are a gigantic, juicy peach the Uniparty wants to squeeze. Theyve been discussing this behind the scenes for many years.
They’d love to do a SS trade-in: you give your retirement accounts to SS and youll get 1.25% guaranteed interest. Guaranteed, my friends, so youll lose all that bad risk you fear now. ShamWow!
And well take the earnings above 1.25%. Oh, well do great things for you folks with it. ShamWow!