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Old 02-04-2013, 08:55 AM   #38
La literatura La literatura is offline
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Join Date: Nov 2011
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Quote:
Originally Posted by patteeu View Post
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?
If we had a consumption tax, I would be criticizing the government for allowing such a travesty and injustice onto the American people. Fortunately, we don't.

My statement wasn't a "kind of praise," though the 401k scheme seem fine to me. It was a statement of fact: 401k plans are products of governmental legislation. Asking government to get out of it seems to miss that point.
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