[Sacajaweau]

401k's was a government sponsored savings plan....These people have been rocked by the market.

People aren't going to be very quick about putting their money anywhere except into insured accounts or under the mattress....and when you have raw "extra cash"...you just like to watch it stay there. It's a feel good thing.

[RayChuang88]

Actually, under FairTax, you're going to see enormous competition for various savings plans because of the very fact people can now save and invest without the IRS taking a bite out of the savings or investment account. We'll have a situation where banks and financial institutions are going to be throwing a lot of freebies at you to put your money there, just like it was some 45 years ago.