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    (old found draft post) Hands off my 401k

    Oct 25, 2008 @ 8:35

    This must have been inspired by some Obama advisers who wanted to get rid of 401ks. Their plan was to force the same contributions and give Americans something like a 2% return off it. This would have effectively decreased the wealth of Americans as more money would need to be saved for retirement (out side of the government plan) and this savings would have no tax favoured status. I haven’t heard anything about this recently though, so that is good news.

    http://hotair.com/archives/2008/10/23/democrats-to-kill-401ks-for-privatized-social-security/

    http://hotair.com/archives/2008/10/23/pethokoukis-on-401k-demolition-socialism/

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