[Wuli]

“We’ve invested $80 billion into subsidizing this activity,” he said, referring to tax breaks allowed for 401(k) contributions and savings.”

You see, when you get a “tax break” then that was really money that belonged to Congress and Congress should have gotten that money for its wealth and income redistribution schemes. So, all you 401K cheaters of Congress rightful revenue, you WILL give it back!!! /sarc

[Fred]

It is madness.

[calcowgirl]

You see, when you get a “tax break” then that was really money that belonged to Congress and Congress should have gotten that money for its wealth and income redistribution schemes.

Amazing, isn't it? And it not only belongs to them, they say they spend it!

“The way the government now encourages 401(k) plans is to spend $80 billion in tax breaks,” which goes to the highest-income earners, Ms. Ghilarducci said.

Dang socialists!

[judsonlegacy]

Unlike liberals - and unlike most conservatives - I take a third view of tax breaks.

Tax breaks do not represent a loss to government (contrary to what liberals believe), but to other taxpayers who do not get the tax breaks. Everyone should be able to enjoy one low flat tax rate, but with tax breaks only the favored get the low tax rate.

For a better idea of where I’m coming from, see

http://redclaycitizen.typepad.com/redclay/2008/07/tax-holiday-wee.html