[Alberta's Child]

Interesting, but I don't see most of these proposals as all that draconian. For one thing, reducing the maximum that can be contributed by those 50 and older under the "catch-up" provisions of the tax code for 401(k) and IRA accounts isn't all that big a deal. I believe those "catch-up" provisions didn't even exist until a few years ago (2008, maybe?).

[Rusty0604]

A lot of people are raising a family when they are young and can’t save a lot. The catch up provision helps people that can finally afford to save more during their last working years.

[AnotherUnixGeek]

For one thing, reducing the maximum that can be contributed by those 50 and older under the "catch-up" provisions of the tax code for 401(k) and IRA accounts isn't all that big a deal.

I'm pretty sure that it is that big a deal if you happen to be 50 or over and need to catch up on your contributions to your retirement savings. This is how smart government confiscation of private savings goes - small increments and focused targeting that leaves your neighbor saying he doesn't think it's all that big a deal.

[EVO X]

I believe those "catch-up" provisions didn't even exist until a few years ago (2008, maybe?).

2001