3 green

Did you read my post? I said they will go after our 401k money.

Hank Kingsley

Then our guns and "precious bodily fluids".

Iceberg

Ha! Jokes on them, my guns are scrawny and I got the snip. Government overreach blocked.

Bluewaffle

just curious what makes you think the 529 think is a “scam”?

full of luv

It's called the "wealth tax" and if you get the right mix in DC you can bet your britches it will be employed. First on multi-millionaires but when they figure out that doesn't make much revenue it will expand until everyone is paying a 2% tax on all accumulated wealth (tax deferred, home equity, savings etc) so that those who haven't saved can be joined by those who did and had it "shared"....

gloopy

Its but one of many artificial market programs that causes malinvestment. It makes it easier for Big Ed to get more and more money. But instantly, so can everyone else. It artificially increases the supply of money for a given sector which creates its own demand for more money in that sector. Look at how universities have increased costs in the last few decades that we've thrown all this money at the problem. That's why they're hiring like 100 fake job administrators for every actual professor and greenlighting ridiculous building projects etc. All of these programs cause prices to rise, which creates the phony need that we need more programs. And high school children, hodwinked by their parents, are making 6 figure decisions based on everything except reality. We've dumped so much money into it which has caused prices to rise so much so fast that now the answer is supposedly to make it free.