Originally Posted by
DAL 88 Driver
That would be pretty dumb, IMO. This country is not Europe. I realize we have some politicians that want to turn us into that, but I don't think it will ever truly come to fruition. People in this country will not stand for it... as evidenced by the most recent elections.
To stop funding/growing the 401k and allow inflation to eat away at the principle would be incredibly foolish, IMO. But if you're a "sky is falling" kinda guy, then knock yourself out. Just my opinion, FWIW.
Ok, the mattress bit was hyperbole. If you couldn't recognize that your pomposity needle is exceeding a limit and you have a red boxed indicator.
The attitude that it couldn't happen here is just as dumb, IMHO. The trend vector is pointing to just that. Who would have thought the government would own GM 5 years ago? Who would have thought Obamacare would have passed 10 years ago? Who would have thought the Supremes would have ruled Kelo 10 years ago? See my point?
Whether the last election will have any lasting effect remains to be seen. Somethings got to give. This government is spending 1-2 TRILLION dollars more than they take in. Private pension funds and individual accounts are huge piles of money politicians don't have access to, yet. Remember, it has been discussed in this country by members of this Administration.