In the past 6 months I have heard at least 6 Democrats (including Obama, Pelosi and Clinton) utter the words: “One time tax on 401K’s”.
A contract was made by the government, with me, that my 401k would be taxed upon withdrawal, which in my opinion is dangerous enough.
The politicians have kicked the can on this issue until there's almost no can left to kick: the chickens are about to come home to roost. And I'll be godamned if they think I'm going to pay the bill.
Some of us live with the consequences of life and have saved and sacrificed. If they try to renege on this, God help them because they're going to need it.