This is the beginning. Folding your retirement accounts and pension (if you have one) into the SS system is next.
As the saying goes... get your money out of the country before your country gets your money out of you.
RE: get your money out of the country before your country gets your money out of you.
Thousands of the “rich” Americans did just that and placed their money in Swiss Bank accounts.
Did them little good. In fact it made them target for IRS prosecution.
The Swiss simply folded to the IRS and revealed their accounts.
Romney had part of his money in the Caymans. The newspapers outed it anyway.