Highest Rated Comments


OnCompanyTime14 karma

Is this a proposed solution? The government taking ownership of privately owned 529 savings accounts and using them to pay for everyone?

OnCompanyTime14 karma

It sounds like a terrible idea. If all 529 savings are appropriated by the government then why have a 401k, or an IRA, or even a personal savings account? The risk of those being seized would likely lead to many people reducing their savings rate significantly across the board. A low/negative national savings rate would be terrible for the middle class and the nation.

OnCompanyTime12 karma

Honestly that blows my mind. I don't know how I missed it but I hope the idea is dead. It would set such a terrible precedent, and destroy any incentive that the middle class has to save any money at all.

OnCompanyTime4 karma

For real. I thought that milangdo's comment was a weird one; it seems like a group of users are legit making shit up.

OnCompanyTime2 karma

This article is 4 years old man. This isn't a real thing. The author even ends the article by advising people to contribute to their 401k and IRA plans.