[Houghton M.]

The percentage of “the people” who have significant private retirement savings is relatively small. We are the Kulaks. The who plan of the Marxist-Alinskys is to isolate us middle-class savers and small business owners and destroy us.

“The People” who will rise up will not be a large enough number to stop this. All that “rising up” will accomplish is to identify the kulaks and counter-revolutionaries so that their heads can roll.

[Houghton M.]

the “whole plan” not “who plan”

[Alberta's Child]

I don't think there's going to be any "rising up," either. But in this particular case, I also don't think there needs to be a popular uprising to make the policy completely counter-productive.

If I were in a certain age bracket and my 401(k) account was my biggest asset, a government "seizure" of this kind would be a huge incentive for me to simply withdraw the money without reporting it as taxable income. For that matter, I'd have no incentive to ever file a tax return again in my life.