I’m all for it!
Oh, but before you do that, eliminate Social(ist) Security first so these employers can put that 6% into it...wait...you won’t do that...?
As a small business owner who once offered 401K’s to employees, almost all of those who signed up in the beginning dropped out once they received statements with negative earnings. I was left producing paperwork for 2 employees who saved a total of $15.00 per week. Unless Obama plans on making it mandatory for workers to save, my experience tells me people drop out of these types of plans. They need the extra money when they are making it paycheck to paycheck. And these days more do not even have a paycheck.
As a small business owner who once offered 401K’s to employees, almost all of those who signed up in the beginning dropped out once they received statements with negative earnings. I was left producing paperwork for 2 employees who saved a total of $15.00 per week. Unless Obama plans on making it mandatory for workers to save, my experience tells me people drop out of these types of plans. They need the extra money when they are making it paycheck to paycheck. And these days more do not even have a paycheck.