President Obama's Budget hidden items

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It seems that President Obama has a provision in his budget that puts a cap on how much you can accumulate in a retirement account. The amount seems very high, $3 million, but remember these retirement accounts were set up so people would not be a burden on society. Now most people are not going to have that amount in their retirement accounts so it won't effect me right. Wrong all you have to do is look at history. The income tax was first established to tax income above a certain amount (only the very rich). During the campaign of 2008 the definition of the very rich was millionaires and billionaires, then it became the top 1% then those making over $250,000 a year then the top 5% (those making over $176,000). In one example a Chicago Police Captain and his wife a Chicago Public School Teacher were making over $180,000 a year. Not people we would consider super rich or even rich. There have been some liberal experts who have suggested that the government take over all public and private pension plans as a way to balance Social Security and see that everyone has a a secure retirement. This could be done by steps with the first step being that to have a tax free status you must have a certain percent of Government bonds then slowly increase that amount to almost 100%. This way the government would be controlling the accounts and then could offer to take over the account with a fixed rate of return for life. Is this a different approach to this old plan or is President Obama simply punishing people who work hard and save so that jobs can be produced?