Not “confiscation” simply redefine what is allowed & what is allowed is YOU get to roll over you retirement account into Double E savings bonds by decree or else you get to pay extra high taxes on the accounts as a way to “nudge “ you to do what the junta wants you to do.
They might implement this as part of future 401k/IRA investments, but I seriously doubt they will even present a bill to touch existing funding. This is one area where the people will rise up against their own.
Exactly! Not confiscation. They are merely “guaranteeing” your retirement account. By making you put it all into T bills that the Fed buys...