You can already invest in series I savings bonds which defer income taxes up to 30 years and pay at least the inflation rate. And currently they pay a better rate than inflation rate based Treasury Bonds.
That’s what I was going to say. Hasn’t Obammy heard of Savings Bonds?
Right now it’s a person’s choice whether to invest in the bonds. Obama wants to make it mandatory.
How would Obama know this? In his tax returns submitted in 2008, he had NO INVESTMENTS despite an income of $1 million/year.
When it comes to handling money or budgeting or planning for the future, the man was a complete idiot in 2008* .....and probably still is.
* ...and no, it is not because he gave away his own money. His tax returns "charitable giving" showed that he was significantly less generous than McCain, or Palin, or Romney, or Paul Ryan, though he still was FAR ahead of Joltin' Joe Biden, who gave away just over $300 in used clothes.