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What is the likelyhood that Obama will sieze 401Ks and pensions?
House Dems. are holding hearings about the possibility of seizing 401ks and adding them into a general social security fund, run by the government. The government would add $600 annually, as well as each worker contribute 5% of their pay. A return of 3% would be guaranteed. With a filibuster proof senate, a Democratic controlled house, and Obama in office, will the wealth that has been accumulated by individual workers prove to tempting to ignore. If so, do we really want to elect Obama?
3 Answers
- Anonymous1 decade agoFavorite Answer
By the time Pelosi and her buddies in the House get done and aided by the liberals in the Senate, things will be a lot different than they are now.
- growing insideLv 51 decade ago
According to the article, there is no mention of seizing 401(k), it only talks about future changes.
A garanteed return of 3% sounds pretty good right now though
- Anonymous1 decade ago
This won't happen, no matter how many bloggers you cite.