They don’t have to do it explicitly. They have already confiscated most of them to pay for Obamacare. Follow me on this.
1. Obamacare effectively prohibits “cadillac” plans. These are high deductible but complete coverage after that plans. In other words, the patient pays 0% after the deductible is met.
2. Cadillac plans are great because they get you thru the occasional $250,000 medical charge for surgery or big problems.
3. Without cadillac plans, that is, with Obamacare approved plans, the patient will end up paying about 20% of that $250,000, or $50,000 out of his pocket.
4. What Obama is counting on is that this will force Dad, in the last few years of life, to drain the 401K’s, leaving mom with not much, except social security.
5. Where does the money go? Ultimately, it goes to subsidize the medical plans of people who the gvt is subsidizing.
That’s why the cadillac plan prohibition was such an important part of Obamacare. It uses your 401k to pay for Obamacare without actually saying that’s what it’s doing.