What's with all the proposed private savings accounts? [View All]

[TheFarseer]

A health savings account and a private social security account. Sounds like a really great idea for brokerage firms. Is that the whole idea? Then they can't give you a write off for interest earned on a basic savings account at a bank. They say they want to encourage saving by going to a sales tax instead of an income tax. Why not give people a write off on the first $100 in interest earned? Oh yeah, because that would be a drop in the bucket to the millionares that he really wants to help :mad: