The Problem With Obama’s Plan to Limit Retirement Savings
The administration’s plan to cap retirement saving at around $3 million adds a new layer of complication and little benefit
by Allison Schrager
8:15 AM CST
February 2, 2015
I didn’t know he is planning on capping the retirement savings again. Labor unions, especially gov’t ones, push this because most of them have defined benefit plans in which their distributions can add up to that much, and it certainly isn’t “fair” that taxpayers can have better retirement than they do.
Good grief! He’s raising taxes on savers on top raising taxes on folks that build businesses.