Google “teresa ghilarducci”, one of Obama’s advisors on the subject. Ms. seize and redistribute herself.
Thank you, SueRae. The name of this woman who wants to grab your savings is Teresa Ghilrducci and she’s with some institution called “Schwartz Center for Economic Policy Analysis” (SCEPA) What she’s proposing is that the government take over your 401k, your PRIVATE retirement savings, by having you turn it over to the government, then the government will GUARANTEE you have a stipend in your old age, called a GRA, a Guaranteed Retirement Account.
http://www.newschool.edu/nssr/news.aspx?id=18826