Tag: President Obama
The MyRA (My Retirement Account), which the President proposed in the State of the Union, addresses the most serious problem in our retirement system – at any moment in time only 42 percent of private sector workers (age 25-64) participate in any form of employer-sponsored retirement plan. The lack of universal coverage means that many…
Warren Buffett has been making the point whenever possible that he pays a smaller percent of his income to the federal government than his secretary. President Obama regularly incorporates the plight of Mr. Buffet and his secretary into his speeches. The problems with Mr. Buffet’s statement are twofold: 1) his tax situation is not representativ…
