Relevant:
- US Departments of Labor and Treasury Schedule Hearing on Confiscation of Private Retirement Accounts
- Government Sets Its Sights on Private Retirement Accounts: "Giant Effort to Redistribute the Wealth of America's Older Citizens"
- Government To Confiscate 401(k)s and IRAs For Mandatory Savings Tax?
- The Ron Paul Freedom IRA
- Congress takes aim at 401(k)s
2012-12-12 — economicpolicyjournal.com
Recent evidence suggests government officials continue to eye the multi-trillion dollar private retirement savings market, including IRAs and 401(k) plans, eyeing the opportunity to redistribute private retirement savings to less affluent Americans and to force the retirement savings out of the private market and into government-controlled programs investing in government-issued debt...Since 2010, the U.S. Treasury Department and the Department of Labor have been holding combined hearings on various plans designed to introduce government-mandated retirement plans and investment options, including government annuities invested primarily in U.S. Treasury debt, into the private retirement savings market.
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