This is step one toward an nationalized retirement program like Argentina’s failed program
Better yet, let’s take one half of the employee contribution to Social Security and deposit it in an IRA for the employee; the IRA belongs to the employee and moves with the employee if he changes jobs. The IRA would contain real money rather than BS Trust-me fund IOU’s in a lockbox.
BOHICA!!!
is this the same buffoon who wanted automatic organ donation?
Mandated health insurance...
Mandated IRA...
What's next, mandated dental insurance? Mandated home cooking menu? Personal hygiene? Hair care? Number of squares of toilet paper?
So tell me why anyone would want to open a business in today’s USA?
In the past I would have asked why the Senator didn’t seem to understand what a devastating impact such legislation would have on private sector hiring and growth prospects. But now I know better, as do many of you: he does not care. His purpose (and that of the Senator’s colleagues) is the opposite: to destroy and control, not to create and liberate.
Does anyone have a comprehensive list of federal laws based on employee count? My brother's company stayed at 49 employees to keep from hitting some federal law that kicked in at 50 people. He and everyone else were working 60+ hour weeks to keep up (this was before the crash) and could have easily hired 20 more people to handle the work, but wouldn't because of the law.
Did it not occur to that communist that perhaps if he hadn’t voted to RAISE TAXES that we MIGHT actually have some extra money to save for the future?
They should follow the example of the federal government, which NEVER spends money it doesn't have.
This plan is very similar to the Chilean plan. If it were combined with a ten year phaseout of Social Security it would be a total winner.