View from the Center and Left Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : View from the Center and Left

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Peter Dierks who wrote (636)	6/10/2005 1:42:51 PM
From: Lane3	Read Replies (1) of 541521

The only entity that can force every American to save for retirement is the federal government. I thought you might be suggesting that companies do the forcing. The federal government can't force people to save. I don't see any authority for that. (Unless, like everything else, we want to call it "interstate commerce." <g>) All it can do is either tax people and redistribute that money to retirees or offer incentives for saving. The Generation Xers may not wish to have 1/4 of their earnings going to support the geezers that didn't bother saving for their own retirement. I agree something should be done about that, but forced savings isn't it. Cutting off the tax tap so that there is more incentive to save and more money available to save would be an approach more compatible with our history and culture, seems to me.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next