Quote:
Originally posted by ltl/fb
Why is there this insane assumption that if people don't have a tax-deferred vehicle, they can't save?
|
Well, if we're looking for ways to encourage people to save, don't we actually need something to encourage it beyond suggestions that people save?
Besides, if you want people to save for retirement by putting funds away that they can't (easily) withdraw before retirement, there kind of needs to be a reason for people to opt for that kind of account rather than regular savings accounts.
Maybe we can solve the problem of the poor not saving enough by banning them from getting cable TV, big-screen TVs, season tickets to the NBA, and any other number of luxury items they should not indulge in.
