The American Enterprise Institute Promotes Socialism

American Enterprise Institute resident scholar Norman Ornstein says:

Why can’t we have the national equivalent of TIAA-CREF? It does not have to be run by the government, but it can be managed under a single umbrella, adding a real measure of continuity and some certainty for workers. It ought to be for everybody--and I do mean everybody. So let’s couple it with a refundable tax credit for the working poor, aimed at those who have no private pension plan and little likelihood of getting one.

I would like to see a credit at least equal to these workers’ share of payroll taxes that they could invest in the equivalent of a TIAA-CREF account. I would love to couple it with a generous matching provision that would encourage these low-wage earners to save something additional. How to pay for it? We could start by removing the cap on Social Security taxes and using the increment above the current $90,000. And let’s couple these ideas with implementation of KidSave, putting $1,000 into a long-term savings account for each child born in America for each of the first five years of their lives, giving everybody lifetime nest eggs.

Comrade Ornstein is right at home at the statist American Enterprise Institute.For those conservatives out that are amazed that the current Republicans Congress likes activist,big government: you can't be shocked when you get your ideas from a think thank that wants to redistribute wealth.