This essay is a message to the 401k crowd, especially its white members. Pay attention to one note in their demands that they aim for a restructuring of the local, state and federal tax code for a more radical and sustainable distribution of wealth. Long ago, Henry Sumner Maine wrote how democracy relied on bribing voters and the wire pullers who could get the voters to the booth to vote correctly. He predicted that as the franchise extended and political bodies grew, this would be replaced by changing the tax code to rob from one to distribute to the other.
The 401k crowd are the comfortable, mostly if not entirely white people that do not see the future, voice displeasure at the status quo but don't want to radically change it, and definitely do not want to vote for icky Donald Trump. Hillary is a lesser evil to them, forget actual policy platforms or stated aims and goals. They know it is corrupt. They see the writing on the oligarch controlled wall. These voters really don't like the system but gosh, if something is done, won't it mess with their 401k? Shucks, what if it drops 30-50%?
Say the rapefugees don't arrive. Say they shut the door on immigration. Here is what will happen to your 401k. Confiscation. Not outright confiscation and redistribution to regime allies that is straight out of the old school communist playbook. This would be dressed up in the gobbledy-gook of academia as a "white privilege" tax levy on accumulated wealth. It could be progressive too, so as to only hit citizens with decent savings, don't want to boil the frog too quickly, eh 401k crowd? Maybe 5% on amounts over 50K, 10% on amounts over 100K and 25% on amounts over 250K. Due to the demographics of who saves in 401ks this is nearly a perfect who-whom for the Left. They don't even have to call it a white privilege tax but a deferred wealth tax with an extremely low hurdle.
Nothing you can do. After all, you voted for it. Good thing you didn't upend the system or try something new. Shucks, your 401k might've dropped 25%.