“According to the report, the proposals are designed to direct more of the tax preference for retirement savings toward getting more low- and middle-income people into the habit of saving”
Translation, the Marxist Government will take from those whom were responsible towards their retirement, and set up Government type IRA accounts for those whom didn’t. The Government will pay pennies on the dollar in Capitol gains to the dead beat recipient and pocket the rest to fund their Communist dream.
It’s the story of the three little pigs, in reverse.