From The Archives
From a 2/5/2004 post:
Here’s a proposal I’d like to see analyzed: means-tested matches, on a sliding scale, to Roth and Traditional IRA contributions, with EITC recipients getting some amount match-free.
Amidst all of the talk over privatization, I’ve yet to hear much along these lines. But this is a form of “ownership society” I could support — as long as (1) it is in addition to Social Security, (2) it is funded out of the general fund and not Social Security taxes, and (3) it is funded in a revenue-neutral fashion by, e.g., partially reinstating the estate tax.