Yes, proving they know the benfeits of investing. This leads me to conclude that if a democrat proposed this personal savings plan it would be supported by the AARP. In some respects, the plan will trigger a step in the stoc market investment, and whoever is in charge when it happens will get credit for this. Clinton proposed it too, only did not make much of a fuss over it.
Clinton did not propose private accounts. It was more like a Defined benefit fund, which you owned but the government invests, like calpers.
This would have led to big wall street profits (which is why the dems were so cynical with REAL private accounts) and bogus activism in investing like calpers. yuk
Lets just cut ss and raise the limits to 401k and IRA to 50k - and you can have one or the other...
you are correct- the market will bunp up. The new supply of capital will also help productivity and GDP growth like it did in chile...