I can garantee you if this passes it will be retroactive. They will penalize anyone that cashes out just before in order to avoid this.
Would THAT be enough to wake the people up? 100 Million marching on Washington, carrying signs.. maybe even guns? That's what it will take to stop the bastards..
Guns? What guns? First there will be registration then there will be confiscation - just a matter of time.
Of course not. The only people suggesting this are academics as far as I can tell. If anyone in Congress suggested this, they'd be in political hot water. Still, it's great fun talking about it.
Naw. I'm sure the politicians will develop a sudden respect for other people's money. Seriously though, no. But you know there is a core group of congress that really likes the idea. . .
Personally, I wouldn't trust treasury bonds to be worth anything by the time I retire. By then, the dollars they are measured in won't buy anything in terms of fuel or things that consume a lot of fuel to make, or anything that needs to be imported.
I purposely sacrifice now by putting so much of my income in my solo-k. I just put in 40 grand this year. I think many amercians would consider putting a bullet in one of these politicians head if they confiscated our hard earned money.