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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Peter Dierks who wrote (636)	6/10/2005 1:42:16 PM
From: richardred	Read Replies (1) \| Respond to of 541477

> geezers that didn't bother saving for their own retirement IMO- They had know idea of what was to come. Most were thinking Social Security & Pension plans. Little did they know of the advances in medical technology and world business conditions. I think many put it into real estate and their kids education . Much witch has increased in value.

To: Peter Dierks who wrote (636)	6/10/2005 1:42:51 PM
From: Lane3	Read Replies (1) \| Respond to of 541477

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.