<<I'm reliably informed by many people on this board that Social Security and Medicare are amply well funded, so there is no apparent barrier to allowing people to save money for their own needs.You're right. There is no apparent barrier. There are the 401(k) and IRAs both of which allow people to save. But the elephant in the room is that those programs use to the tax code to provide disproportional benefit to people with higher incomes. You have to ask yourself why people with higher incomes get the most help from the taxpayer, while those who actually need the help get the least. >> Less than half the families in the United States pay any income tax at all. A complete exemption from income taxes seems like a much greater benefit than just giving people a small percentage of money back that would otherwise go to taxes.But if you really think incentives are the way to go, I'd support an Alternative Minimum tax for those currently escaping income taxes, on the theory (espoused by Democrats to get the AMT passed) that "everyone should pay at least some income taxes."You could then give people back a portion of their own money as an incentive to savings. Seattle Pioneer
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