Talk about suicidal. I’m one of the Freepers here who is quite certain that the American people would not stand for this. Interestingly, such a move would not sieze all that much money, but rather a huge stake in the stock markets. State ownership of the means of production anyone?
That’s why they do these things via stealth...like they did payroll witholding taxes on income.
Communism by the teaspoon...
“Oh you Americans! You’re so gullible! We’ll spoon feed you socialism until you’re Communists and don’t even know it. We’ll never have to fire a shot!”-Khrushchev
I wouldn’t bet on a majority in that revolution.
By far most people are drastically underfundecd for their retirement.
So for most of them, this is a plus.
if you're under 59 and 1/2 you are screwed...I suspect that even if you are able to get your money out, you're still screwed because they will figure out some way to make it all "even"....
watch for unions and govt workers be exempt from all of this....just watch...