Saturday, October 13, 2007

Savers Vs. Spenders

On bRight & Early, I found a link to a new scheme of Hillary's. She wants to jump-start every American's retirement with a 401(k) and a seed of $1000.
Democratic presidential candidate Hillary Rodham Clinton proposed tax cuts of up to $1,000 a year on Tuesday to encourage millions of working-age families to open personal 401(k) retirement accounts.

The New York senator said the program would be paid for through higher estate taxes.

That would be taxes on us Ants - the ones with the ability to defer current pleasures for future rewards.

So much for our future rewards - we'll be paying for all those Grasshoppers even after our deaths.

1 comment:

Dymphna said...

It's disgusting, isn't it? The Dems are nothing but panderers.

And many Americans are so economically illiterate that they don't get it. Even some of the "grasshoppers" -- those with passive 401k's don't know anything about market-driven medical care. Or about supply and demand in general.