On Jan 1, 2016, at 12:03 PM, David Green wrote:
> http://www.counterpunch.org/2015/12/31/why-your-retirement-prospects-are-bleaker-than-ever/
> Dean Baker is touting a 3% of income 401k type savings program for Illinois, similar to what is being implemented in other states. I'm interested in others' views on this. It seems piddly and distractive to me. Sure, it's better than nothing. But it seems like more of the same: everything has to run through Wall Street, although in this case the administrations fee is low. I feel that a transfer program like Social Security needs to be radically expanded, with the advantage of demand going immediately into the real economy and not through Wall Street. And as long as wages are stagnant, why focus on this sort of reform, which takes more out of low incomes?
That is liberalism in action. Nothing that a Clinton--or a Trump--couldn't endorse!