This the way they plan to confiscate your 401Ks and IRAs. Congress, both sides, have been itching for a way to put all retirement plans in their 'lock box' in Congress, and we all know what that means. It will be spent by them and gone in only a few years.
But yes, they want to take land, homes, retirement accounts, businesses, everything. And why shouldn't they take it? It is their money anyway.
"You didn't build that!" (Implying, of course, ... we did!)