Personal Dork Assistant

Modest Proposals

And I thought it was nice to be able to put $3000 into the IRA for 2002. The latest Bush plan would allow one to put $7500 annually into an Retirement Savings Account, similar to a Roth IRA, plus another $7500 into a "lifetime savings account" that would have all the benefits of the RSA (i.e. tax-free growth) but with no limits on when you can withdraw the money. This would consolidate all the IRAs, education savings accounts, and other tax-sheltered vehicles into one system, which is a good idea. Of course, eliminating the double-taxation of dividends is a sound economic idea, too, but the loss in revenues will force the states to raise their taxes to make up the difference. Plus you'd need $15,000 to spare or a boatload of dividend-paying stocks to enjoy the benefits. Now we just need a plan to kill off the poor people and we'd be all good. Hey, cutting emergency room funding should do that nicely.

I wouldn't even care that much about overworked peons if the conservatives actually practiced what they preached. Instead, we're back to the voodoo economics of revenue cuts and massive spending, making for record-breaking deficits. Actually, higher interest rates would be okay, too, since the parents prefer to stuff money into CDs anyway. Yay diversification.