No matter who wins, your personal retirement accounts are toast. If you’ve provided for yourself, the least that will happen is it will be deducted from any social security due. It may just be rolled over in the ss fund. Make no mistake though, politicians are salivating over the money saved by individuals and won’t leave it alone
Of course SS is the world's largest Ponzi scheme.
Hint: don't count on it.
Inflation will accomplish this just fine and won’t have all the screaming that just seizing the 401k’s would.