Part Two: What's Right About It
May 31, 1999
Senior Fellow Eugene Steuerle argues that there are advantages to the administration's USA account proposal. It would attempt to use some general revenues to fortify and build up the private pension system. He concludes that with luck, it would develop and reinforce better saving patterns by individuals. The distribution of wealth, pension wealth, and tax subsidies for pensions would all be made more equal. Although the accounts would not be large, they might serve as a catalyst for future private pension reform as well.