https://www.americanthinker.com/blog/2024/02/with_a_yearly_deficit_in_the_trillions_government_looks_to_go_after_401k_accounts_for_new_revenue.html
A majority of Americans are living paycheck-to-paycheck. A majority don’t have enough money to pay for a thousand-dollar emergency. Home ownership is a rapidly dissipating aspect of the American dream. Americans’ credit card debt is at a record high because of high inflation and the cost-of-living, and they’re falling behind on debt payments. People don’t have enough money for retirement.
So what is the solution? Well for some economists, it’s time to take away the tax benefit for 401(k) plans because the government is short of revenue to pay for their exorbitant spending; see here, from USA Today:…..