blufftonpubliceconomics blogspot.com

Bluffton Public Economics

Wednesday, May 8, 2013. The financial industry is a creature of government regulation, but a lot more statism would be required to make it serve in the interest of the median saver. Matt Yglesias explains some problems in the 401k industry. Poor people get absolutely nothing. Wealthy people who would have had large savings anyway get a nice tax cut that offers no meaningful incentive effect. But the news is even worse than that! Last year the Labor Department issued new rules that forced funds to disc.
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Bluffton Public Economics

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Wednesday, May 8, 2013. The financial industry is a creature of government regulation, but a lot more statism would be required to make it serve in the interest of the median saver. Matt Yglesias explains some problems in the 401k industry. Poor people get absolutely nothing. Wealthy people who would have had large savings anyway get a nice tax cut that offers no meaningful incentive effect. But the news is even worse than that! Last year the Labor Department issued new rules that forced funds to disc.

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This web page blufftonpubliceconomics.blogspot.com states the following, "Wednesday, May 8, 2013." We saw that the webpage said " The financial industry is a creature of government regulation, but a lot more statism would be required to make it serve in the interest of the median saver." It also said " Matt Yglesias explains some problems in the 401k industry. Poor people get absolutely nothing. Wealthy people who would have had large savings anyway get a nice tax cut that offers no meaningful incentive effect. But the news is even worse than that! Last year the Labor Department issued new rules that forced funds to disc."

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