A Comment About
Coming Soon: Substituting Government Annuities for Your 401(k)?
January 15, 2010 - 12:02 am
Les Nessman
2010-01-15 12:16:02
40. Seerak
Yep, that is how they will do it. Most of them (correctly) think that outright confiscation will likely lead to violence, and will avoid that for now.
There are other sneaky ways to ‘encourage’ people to ‘voluntarily’ put their 401ks into these annuities. Tweak taxes, fees, fiscal policy, regulations…the mind boggles at the many ways they can ‘inadvertently’ weaken the market and make govt annuities look better. Then the mealy-mouthed govt can say ‘Well, we’re not FORCING you to change; it’s still you’re ‘choice”.
If this is indeed the path we are headed down, then our best hope is that they will over-reach and try to take too much to fast; causing a revolution. Sad but true.
