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The government is about as likely to seize 401(k) funds as it us likely to eliminate the income tax or social security.

That said, keep in mind there are people who claim Obama is a socialist because he believes in the wealth transfer via a graduated tax system. My point is not to stir an political pots, but rather point out in areas like this, people use/select words to advance their political purposes.

The government needs the funds from the income tax, so they can keep that tax or change to another. The next tax system would have a new name to make is sound better.

Unless the people running the government have a desire to be beaten and killed, they will not eliminate the social security system. You most likely do not remember (but may have read), during the 1930's people marched on Washington and the government to get action. FDR called out the military -- not for parade, but to keep order. In my view the general tolerance for violence today is greater and the level of acceptance by the public is lower.

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