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?
"[The democrat party] has become a left wing party, that's anti-American, and thatís racist." - David Horowitz