Re: [Pen-l] Obama going after full privatization of Social Security

To: Progressive Economics <pen-l@xxxxxxxxxxxxxxxxxx>
Subject: Re: [Pen-l] Obama going after full privatization of Social Security
From: Gar Lipow <gar.lipow@xxxxxxxxx>
Date: Wed, 25 Feb 2009 07:45:01 -0800
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On Wed, Feb 25, 2009 at 5:57 AM, Max Sawicky <sawicky@xxxxxxxxxxx> wrote:
> I should add that another term for a tax-free universal savings
> account is . . . a consumption tax.  Making IRAs completely free of
> restrictions on how much can be deposited and when withdrawals can
> take place converts the individual income tax into a consumption tax.
>
>
Does "universal" mean "completely free of restrictions".   I assumed
it meant "for everyone" which would require some sort of subsidy. And
in the context of "Fixing" social security (and the assumption that
social security needs "fixing" is there" ) raiding social security
seems the obvious place to get that funding.
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Follow-Ups:
- Re: [Pen-l] Obama going after full privatization of Social Security
  - From: raghu
- Re: [Pen-l] Obama going after full privatization of Social Security
  - From: Louis Proyect

References:
- [Pen-l] Obama going after full privatization of Social Security
  - From: Gar Lipow
- RE: [Pen-l] Obama going after full privatization of Social Security
  - From: Max B. Sawicky
- Re: [Pen-l] Obama going after full privatization of Social Security
  - From: Max Sawicky

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Thread context:
- [Pen-l] A planet on the brink, Louis Proyect Wed 25 Feb 2009, 14:16 GMT
- [Pen-l] Obama going after full privatization of Social Security, Gar Lipow Wed 25 Feb 2009, 04:58 GMT
  - RE: [Pen-l] Obama going after full privatization of Social Security, Max B. Sawicky Wed 25 Feb 2009, 10:50 GMT
    - Re: [Pen-l] Obama going after full privatization of Social Security, Max Sawicky Wed 25 Feb 2009, 13:29 GMT
      
      Re: [Pen-l] Obama going after full privatization of Social Security, Gar Lipow Wed 25 Feb 2009, 15:16 GMT
      
      Re: [Pen-l] Obama going after full privatization of Social Security, Louis Proyect Wed 25 Feb 2009, 15:37 GMT
      
      Re: [Pen-l] Obama going after full privatization of Social Security, Max Sawicky Wed 25 Feb 2009, 16:19 GMT
      
      Re: [Pen-l] Obama going after full privatization of Social Security, Louis Proyect Wed 25 Feb 2009, 16:28 GMT
      
      Re: [Pen-l] Obama going after full privatization of Social Security, Max Sawicky Wed 25 Feb 2009, 16:44 GMT

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