Crony capitalism in action.
And the GOPe will love the idea while they are kicking and screaming about it.
For close to 3 years now the Left has been chattering about the “failed 401K scheme” in the oddball places on the web where they hang out.
Generally that’s a sign they are getting ready to pull the trigger on something.
End game is to absorb all the underwater union pension plans and make Uncle Sam the majority shareholder in most corporations (giving D.C. unbelievable power). Of course it will be more “fair” as resources will be distributed evenly from a central pot.
They’ve been chattering about student loan forgiveness for just as long. Look for that shoe to drop soon.