The New "S" Word

Holy sweet mercy! If this isn't socialism, I don't know what is:

http://www.usnews.com/blogs/capital-commerce/2008/10/23/would-obama-dems-kill-401k-plans.html

http://news.aol.com/political-machine/2008/10/24/obama-dems-seek-to-end-401-k-plans/

So House Democrats are talking about FORCING workers to transfer their 401(k) accounts to the government? Really? And they seriously complain when Republicans call them socialists? Do they know what the word "socialist" means?

Let me be clear. I am NOT (at least not yet) attributing this plan to Obama. From what I have read in the articles that I have read (two of which are linked above), Obama has not spoken either in favor or against this plan. However, members of his party are getting behind it.

Under this idea, which has been implemented in Argentina, the government would seize your 401(k) account, put it into one big fund with everyone else's, FORCE you to contribute five percent of your salary each year to the fund, and invest the money as Uncle Sam sees fit. Seriously people, what part of this plan is NOT socialist? If you're a Democrat, that's fine with me. But please, please, explain to me how this isn't socialism. If you can convince me, I'll buy you dinner sometime.