I have written in the past about tax-advantaged savings vehicles, and commented that there should be more opportunity for, and fewer limitations on, tax-advantaged savings.
It looks like the idea of a Universal Savings Account (USA), a tax-advantaged savings vehicle that would not be limited to a particular purpose, is gaining traction, albeit slowly.
Eventually, I would like to see USAs that would be available to any taxpayer, and could be used for any purpose, the only limit being the amount that could be deposited in any given year.
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