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Will Republicans override Biden’s veto? That’s the first step to correcting things. The next step should be fixing tax policy. Republicans have been on the wrong side of fixing taxes on investments and have perpetuated the lie that they give you something via various tax breaks in retirement plans such as IRA’s and 401ks.

They constrain your choice for your so-called protection.

It is a basic conservative principle to be against double and more taxation. It stifles investment and innovation. There shouldn’t be taxes on interest and dividends. There shouldn’t be capital gains taxes. Furthermore, retirement plans should not be tied to employers or unions. Employers can have retirement benefits for employees, but employees should be able opt out and if employers offer any matching funds, employees should be able to invest those contributions as they see fit. Defined benefits plans such as pensions should be completely optional.

The result would be that there wouldn’t be any such thing as a retirement plan. Individuals invest, or not, without any tax consequences. It places the responsibility on individuals. Anytime responsibility is increased it is a good thing. People don’t need to be financial wizards if they don’t want. They could always use products from brokers that are geared towards retirement (low risk) instead of doing it themselves.