[Leaning Right]

Allowing more folks access to IRAs is obviously a very good thing.

But I’m less sure about the government match. We are a debtor nation. Yet we continue to spend money here, there, and everywhere.

I wish there was a better way to motivate folks to open an IRA. But if there is, I can’t think of it.

[Eccl 10:2]

“But I’m less sure about the government match. We are a debtor nation. Yet we continue to spend money here, there, and everywhere.”

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The problem that few are aware of is the massive size and certainty of is the future unfunded liabilities of Social Security and Medicare.

The ONLY reasonable way out of it is to privatize them to the greatest degree possible. These Trump accounts are a transition to the inevitable. So, IMHO, it’s money well spent.

[Vigilanteman]

Another good effect is that it will encourage people to strike out on their own rather than seek work for Pile-Of-$#*+, Inc. corporations.

I worked for one such corporation who fired me at age 61 so they could steal my accumulated vacation and leave time. Of course, they concocted a more official sounding excuse.

In the intervening five months, I struck out on my own while simultaneously trying to land a job in my field in corporate America with no luck. However, one of my hourly contract gigs did turn into a full time job with one of my clients for the next six years when I was the one who decided to retire because the quality of the organization was so much better than the job that I lost that it more than quadrupled my retirement savings in those six years.