Bernie lost me with the Robin Hood Tax

[mike_c]

310. the middle class and retirees are not going to "carry the burden...."

Big investors, the sort that call themselves the "investor class" and who manipulate the financial markets to concentrate wealth will carry the burden, as they should. The burden will fall on Wall Street, not you and I.

No one should be relying upon 401k accounts for retirement. That's a scam perpetrated by that same investor class that wants to generate more wealth for themselves with other people's retirement savings. I mentioned that I have a retirement acct. Actually, I have two-- a 401k account that I've had for twenty years, and a defined benefit pension from CalPERS. The 401k lost half it's value in the last financial crisis and won't provide more than a year or two of retirement. The defined benefit pension, on the other hand, is a paycheck for the rest of my and my spouse's life, full health coverage, and so on.

Retirement savings plans are a joke for most Americans. They make folks like the OP think they're part of the investor class that makes most of it's money from other people's labor.