I favor the Flat income tax, but am beginning to view IRAs and "Medical Savings Accounts" as the Trojan horses that you mention.
Might as well toss in "Education" Savings accounts as well.
Dagnabit, It's MY doggone money and I should be able to save and invest it as I see fit.
All these so-called "savings accounts" do is postpone the tax burden contingent on letting the Federal Bureacracts dictate how much you can save/invest and the terms and conditions by which you can make withdrawels/transfers.
What a pile of BS.
I don't want my savings spread out over umpteen different accounts, having to consult a tax lawyer/accountant/financial adviser every time I make an investment. My time is better spent actually researching individual investments rather than worrying about all the goddam federal strings attached to them.
Bush should just simplify the tax code and abolish all these abominations. Just give me a flat tax with a LOWER tax rate. I can keep track of my own savings/investments in just two accounts: a simple checking/savings/credit account, and a brokerage account. The rest of that stuff is just overly complex bullcrap.
A Medical savings account is controlled by you so it is hard for the Gooberment and/or the Medical complex to get you. Of course they will still be involved in the Catastropic insurance part. There is somethng about the power to endorse or not endorse a check that gives one power. RULE: Prepaid service is Never Good..
A Flat tax keeps the Gooberment from trying to rule every aspect of your life and behavior through the tax code.. Ppl who are lghtly taxed seem to demand others pay..
All of these.. seem to improve my personal freedom, ecomomy..