I don’t think everything politicians touch turns to crap. Some, but not all.
“Mandating 401k donations” would probably look a lot like replacing automatic Social Security paycheck withdrawals with automatic 401k paycheck withdrawals. A phase-over plan could include sucking it up and using taxes to pay premiums for people who are already withdrawing SS and people within, say, 10 years of being able to do so, while younger people get the amount that they have already paid into Social Security simply deposited into their 401k for them.
Mandating paying off debt would be trickier to enact, because we don’t have the kind of intermediaries who currently handle that. But it might be worth a trial run.
I don’t think everything politicians touch turns to crap. Some, but not all.
“Mandating 401k donations” would probably look a lot like replacing automatic Social Security paycheck withdrawals with automatic 401k paycheck withdrawals. A phase-over plan could include sucking it up and using taxes to pay premiums for people who are already withdrawing SS and people within, say, 10 years of being able to do so, while younger people get the amount that they have already paid into Social Security simply deposited into their 401k for them.
Mandating paying off debt would be trickier to enact, because we don’t have the kind of intermediaries who currently handle that. But it might be worth a trial run.