pension money to balance budget

A couple of months ago I wrote rather f and apparently naively that the government currently 17 trillion in debt might be looking at private pension plans like 401K’s for some money since there just happens to be 17 trillion in those. It was leaked today that part of President Obamas budget for this year includes a limit on the tax deductibility of 401K’s. The limit will be set at 3 million so when a person’s account reaches that point they can no long tax deduct additional contributions. This means that these people will have to forgo contributions and pay tax on the amount. This will bring in more revenue to the government. Now many will say so what. 3 million is more than enough since the average 401K plan has only $60,000. Taxing the rich is easy as most people could care less about the rich. Does this bring us a step close to the idea of government taking assets as was done in Greece? Here is the argument. Bill Gates is worth 60 billion dollars. Shouldn’t one billion be enough for any person.