I certainly don’t believe the government would ever seize retirement assets, or even do anything to reduce their value. More likely, I could potentially see the government overhaul the entire retirement system (I.e., eliminate social security) and in the process restrict the use of retirement funds. All this in the name of trying to force the lowest common denominator (those with the least money and least investing skill) to save as much as possible.
I don’t see it as a well thought out plan to overthrow capitalism (as right wing talk radio might have you believe), but that doesn’t mean it couldn’t be the by-product of well-intentioned though misguided policy.
I could write a whole lot more, but am on my iPad so it’s tough to get it all down…