Two words…

Economics, Individual Rights, Property Rights, Socialism, Taxation, The Welfare State

Matthew Yglesias says:

What’s needed is a much more forceful, much more statist approach to forced savings, whether that’s quasi-savings in the form of higher taxes and more Social Security benefits or something like a Singapore-style system where “private” savings are pooled into a state-run investment fund.

It only takes two words to show that this is massively unwise: Chrysler bondholders.

Quincy