Sobering story about retirement

[Boomhauer]

Hey man you dont want to be Bob, working at Wal-Mart. Let Uncle Sam help you out and keep your nest egg from vanishing. And if you dont, we're gonna tax the everloving *expletive deleted*it out of your 401k...

[slugcatcher]

I know people say "never happen" but to me its a very real possibility especially since some of the dems have let it slip a time or two

Let it slip?  Pelosi was screaming it from the rooftops a few years ago.  She was even talking about making it retroactive.  Meaning if you cashed out your 401k or IRA to avoid it being taken over that you would OWE the gov't that money back.  I watched her say it. 

[AZRedhawk44]

I think the test run will be if Americans will allow a "bail in" to happen.  Some big bank fails, and the solution that the politicians come up with is to have the largest depositors lose their deposits.  Under the 250k FDIC limit.  Maybe to 100k.

After a few scattered bail-ins, we'll see the same thing happen with the investment firms.  Morgan Stanley, Edward Jones, etc.  They'll be raiding the 401k's they manage in bankruptcy proceedings with impunity, after doing a stellar job of hiding the impending bankruptcy from their investment base so that the small-fish investors don't pull up stakes.

Anything to protect NYC and Wall Street in particular.

[brimic]

And there will be no rioting or political assassinations, because the money is all essentially digitized and once seized, no amount of violence will replace it.

If people thought of money confiscated as years/decades of their work/life stolen by .gov, I think they would be very sympathetic to rooftop voting. It doesn't bring the money back but it brings the satisfaction of extracting pounds of flesh.
More likely it will be inflated away.

[Tallpine]

...
More likely it will be inflated away.

They've already stolen 90% of our wealth in the last 40 years