“Hmm, my first attempt at bribing for votes was a little too obvious. Let’s try it this way.”
Democratic presidential candidate Hillary Rodham Clinton proposed tax cuts of up to $1,000 a year on Tuesday to encourage millions of working-age families to open personal 401(k) retirement accounts.
The New York senator said the program would be paid for through higher estate taxes.
At the same time, Clinton said she has given up another idea for a savings incentive — giving every baby born in the U.S. a $5,000 account to pay for college or a first home.
Instead, she said, her plan for what she called “American Retirement Accounts” will provide “universal access to a generous 401(k) for all Americans.”
From Wikipedia, I found the source of a well-known phrase.
… Already long ago, from when we sold our vote to no man, the People have abdicated our duties; for the People who once upon a time handed out military command, high civil office, legions – everything, now restrains itself and anxiously hopes for just two things: bread and circuses
If Hillary gets elected, I guess we could then add to that list “and 401(k)s”.
[tags]Hillary Clinton,presidential election,Democrats,bread and circuses[/tags]
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