Is your 401K safe from the Democrats? By Kingfish November 29, 2012 Suddenly within 24 hours three articles appeared in the NYT, Atlantic Monthly, and Time discussing a Danish "study" about the tax breaks for the 401K plan. Naturally they all discussed whether the government should abolish the tax break for them. What was it they said about never wasting a crisis? The NYT published the story "Study Questions Tax Breaks Effect on Retirement Savings" on November 25: "Every year, the government spends more than $100 billion on tax breaks to encourage Americans to save more for retirement. But a new study suggests such provisions may have little effect on the amount Americans save. The finding has particular relevance as Congress looks for ways to raise revenue by reducing tax breaks as part of the year-end budget negotiations..." Article That was the opening jab. The Atlantic Monthly followed up with the haymaker with the headline "The 401(k) Is a $240 Billion Waste" and the sub-headline "Why subsidize retirement saving if the subsidies don't work?". The Atlantic argued: See: Jackson Jambalaya: Coming after your 401K?