I heard on Rush today that DC has floated the idea of seizing 401k and IRA accounts and paying out a ‘dividend’ to the former owners.
There’s a word for that.
Several, actually.
And while I know "they've" talked about it....Just think, the Feds seize all retirement accounts...and then control billions of dollars worth of various companies???? Effectively controlling them... OR, they decide to convert it all to cash? They will crash all markets worldwide...with either move.
I figure they will just whittle us down and nickel and dime retirement account holders...with fee''s and taxes to no end.....until they crash the markets. Same result....just different speeds.
If there is more than rumblings about this people will divest themselves of those funds and move it to something else before the grab can happen.
idiots all of them in DC.