Just talking about this idea will have a real chilling effect on 401K’s.
Where do 401K’s invest their money? In the stock market.
So another scare that will hurt the market.
Congress has reached the ultimate in incompetence and dishonesty.
You say that I am wrong that congress could be worse?
Congress is worse. If we know about this much, being outsiders, what do you think you would know if you were on the inside and saw all of the graft?
This is how they save Social Security from the boomers. Many boomers will continue working and put off taking signing up for social security benefits.
The U.S. Government already trashed the education system, screwed up the immigration system, and distorted the labor markets. Now, it's trashing the financial system.
The idiots in Congress are hell bent on destroying the American system of human and financial capital in order to induce a transition to Communism.
Congress has reached the ultimate in incompetence and dishonesty.
Sometimes, incompetence and dishonesty are indistinguishable from outright malice.