“A plan by Teresa Ghilarducci, professor of economic-policy analysis at The New School for Social Research in New York, contains elements that are being considered.”
Hey, professor, do you also recommend that the New York state retirement funds be put into your scheme? And what about any teacher retirement fund you might be part of if you are not a state employee at New School? All retirement funds invest to earn a return and increase the size of the fund, and those funds don’t pay taxes on any earnings.
“I want to spend OUR nation’s dollar for retirement security better. Everybody would now be covered” if the plan were adopted, Ms. Ghilarducci said.
So, deferred taxes on 401(k) contributions and earnings are actually part of “OUR NATION’S” dollar for retirement security. They don’t belong to the companies and employees who put the dollars in the 401(k)s.
As several have said, that this sort of proposal is being seriously entertained now in Dem. controlled congressional committees should be publicized far and wide.