That's not to say that they won't nibble around the edges of taxing wealth. Even now, there are many restrictions and penalties on pension funds, such as early or late withdrawal penalties. There are also real estate taxes. And, the inheritance tax is back. Also, a change in citizenship is considered a taxable event, equivalent to a forced sale and tax calculation. So, wealth gets penalized even now, but not directly tapped.
What is this “Constitution” thing that you and others talk about? Per Mr. Obambi, “we don’t need no stinkin’ constitution”!
Do you honestly think Obama gives a crap about what is rich backers will think now? He has what he needed for him.
His goal is one of ideology, continued socialist and Islamic programming to devolve the Great Satan. He got the unwashed leech masses, he got the rich Hollywood liberals - he got them all. There is so much pent-up hate in has black heart it knows no bounds and he simply doesn't need approval any more.
Assessment of private retirement funds and savings has been a liberal wet dream for decades. Last try was Hillary and her socialists just prior to the 94 elections. They were going for Hillary Care and Retirement Fairness but a new Republican House stood in their way. Simply said, these funds are the only - repeat only - source of readily available liquid funds they can get at (without printing Wiemar money). They will do it because their ideology demands it. Rules don't matter to them - they'll just make new ones.