The US Federal government is already taking your 401K.
By printing money.
When the government prints money, it will ultimately result in the devaluation of the currency...resulting in inflation. The government gets to print money to pay its bills, but that $1M in your 401K may only buy half as much stuff when it comes time to take it out.
Very good point.
Your not allowed to tell people that, it might destroy our banking system that is based on fraud and deceit.
I understand; “uncle miltie” is a monetarist.
But my investments take that into account; biased towards where the money flows when they try to print too much.
Outright nationalization, a la Argentina and Greece, is the breaking point.
That’s right. Cash out (including the inflated stock prices), to a 30K priced 3K vehicle, or a 500K priced 25K house, plus an add on “tax” plus a body mortgage-care “tax”.