The term “mandatory saving floor” caught my eye in the abstract for a paper titled “Getting Americans to Save: In Defense of (Reformed) Tax Incentives.” I didn’t have time to read the paper, but I’m curious what the author, a tax professor at a major law school, meant by that. Is he proposing mandatory retirement account contributions for all wage earners? That’s an idea that’s been around for a while, but I think there are serious questions about its viability. Anyway, isn’t that essentially what the social security tax was meant to be?
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