Friday, August 13, 2004

Just Save More

Paul Krugman eviscerates the clueless Bush.

"But does Mr. Bush have a way to get us there?

There's a section on his campaign blog about the ownership society, but it's short on specifics. Much of the space is devoted to new types of tax-sheltered savings accounts. People who have looked into plans for such accounts know, however, that they would provide more tax shelters for the wealthy, but would be irrelevant to most families, who already have access to 401(k)'s. Their ability to invest more is limited not by taxes but by the fact that they aren't earning enough to save more."

3 Comments:

Blogger stumpy said...

Hi Mark,
I had just run across your blog and bookmarked it in my browser. I have been using the internet for information for about a month and also read some publishing done by Mr. Krugman. I am writing this because it struck a cord with me. When I read the article about Bush's comment, I wondered how that could help, really. If it helped someone else that would be good, but I know that I used the 401K from my last job about 2 years ago, and the idea of savings as a break, is a long way off for someone who will soon lose their house. I'd like a job, too. Ah well, thanks for having this space.

1:32 AM  
Blogger Mark said...

Thanks stumpy, so would I.

9:06 AM  
Blogger Mark said...

This comment has been removed by a blog administrator.

9:09 AM  

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