Wasn’t there talk during Barky’s 2nd term of replacing IRA and 401k with govt payouts like a second social security with the govt using the confiscated funds? That would have ended inherited IRAs and 401ks . A Taking bias defined by the Fifth amendment.
I was going to reply to the original poster, but you brought up my point. That is absolutely correct. Everyone needs to revisit the “retirement task force”lwhich included Obama, Biden and Hillary Clinton along with others. Their plan was to carve out a portion of 401(k)s to have them go into an annuity contract that would pay out monthly guaranteed income at age 75. Of course, when asked what insurance company could handle all of those are new annuities the answer was the United States government would handle it with the issuance of special bonds. The money from those 401(k)s would, of course Cole right into the general fund to be spent by Democrats.