Originally Posted by La literatura
401k is a government created tax-deferred retirement plan.
If we had a consumption tax would you be worshipping government because all savings were government created tax-deferred plans? Or do you only give government this kind of praise when it establishes a baseline of taxation and then carves out a limited tax deferred savings program from that baseline?
"After voters re-elected an administration that added five trillion dollars to the nationís debt, left 23 million Americans unemployed, surrendered Iraq to Americaís enemy Iran, and enabled the Muslim Brotherhood to gain control of the largest country in the Middle East, the one lesson Republicans should agree on is that elections are driven by emotions, not reason." - David Horowitz