Does anyone know the purported logic behind the taking of 401K funds for any purpose, especially to prop up unions?
I always wonder when something like this comes up - what on earth prompted even the idea behind it?
The money is at risk of being lost to the corrupt crooks on Wall Street and the government can better manage the money in Social Security and provide people the safety and stability they are demanding for their retirement.
The usual.
1. They want to do it.
2. It's racist not to do it.
3. You're racist for even questioning why they are doing it.
Its very simple, there is a huge amount of money that they can redistribute to buy votes. It is by far easiest to take. It would be difficult to send out the Army to confiscate our homes, but you can take someone’s 401k and replace it with government bonds with a few keystrokes. Of course it will be sold as a way to keep us from losing money in “risky” 401k’s.