The first rumblings that the benefits of the tax breaks may be overstated came in a 2014 study of Danish savers. Without tax-advantaged accounts, it found, peop

The first rumblings that the benefits of the tax breaks may be overstated came in a 2014 study of Danish savers. Without tax-advantaged accounts, it found, people just put their money in another kind of account. This is one of many bad takes, faulty logic, and other problems with this author’s arguments. Danish people are not a stand-in for Americans. Early withdrawal penalties are not the main issue holding back 401k plans. “Tinkering with the capital gains tax rate” is not a realistic solution to getting more workers to save for retirement. Honestly curious about which lobbyist or PR firms got into this writer’s head. Someone rooting for alternatives to much-delayed tax strategies targeting the rich and corporations, by the look of it.