Gee since it is my money, I worked for it and I saved it, It is not fair that I have it?
http://www.nationalseniorscouncil.or...rity&Itemid=62
"A representative of the liberal Pension Rights Center, Rebecca Davis, testified that the government needs to get involved because 401k plans and IRAs are unfair to poor people. She demanded the Obama administration set up a "government-sponsored program administered by the PBGC (the governments? Pension Benefit Guarantee Corporation).""
http://www.wnd.com/2012/11/now-obama-wants-your-401k/
Time has been beating this drum for years:
http://www.time.com/time/magazine/ar...929233,00.html
http://business.time.com/2012/11/28/...with-the-401k/
So we now need a new government run retirement system, since the federal government bankrupted the old system (Social Security).
I can not think of a better way to crash our economy, if this talk continues, people will just cash out their 401K accounts, and stuff the cash under their mattress... you will have a loud sucking sound as over 2 trillion dollars in capital are sucked out of the US economy.
Source: http://www.survivalistboards.com/showthread.php?t=271951
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