[Rick Lee]

I think the gov't. will eventually try to take over retirement accounts. Our debt is already at 100% of GDP and the gov't. borrows $.40 of every $1 it spends. Just over half the population pays fed. income taxes. These things make it likely that nationalizing retirement accounts becomes the last viable resort.

The day will come when other countries no longer want to buy our debt because our gov't. is not serious about getting the debt under control. Who's left after foreign countries stop buying our debt? The Fed. How much more funny money can they print? I don't know, but when they run out of ink, I don't expect the gov't. to then start to take the problem seriously. They'll go after the last big source of cash they can and that's retirement accounts. I expect by then that taxpayers will be a minority, while also being the demographic with the most retirement money for the gov't. to take. And as a minority voting bloc, they'll be powerless to stop it. Why would non-taxpayers care? It's not their money, they pay nothing. Why wouldn't they go along with it?