patrick.net

This is a great plan, how ever it would be nice if a percentage of paychecks were withheld and kept with interest, which you can get back at the end of the year, or let it ride and accumulate for when you do want it. Even if it were voluntary, as there will be people who aren't good at managing money, that depend on those tax refund checks to make large purchases. Like car down payments or to move to a new house/apartment.
Of course people wont be getting $8000 more than they put in, but at least there would be that yearly windfall for them.

Or at least return the Savings and Loan model where savers enjoy the same interest banks charge borrowers. As I suspect interest rates will go up back to historical norms, and the interest rate will naturally fluctuate based on economics rather than a Fed chief trying to throw failing Presidents a lifeline, by keeping them artificially low. It might even bring the home prices down, as who in the hell could afford 10% interest on a 700K 1500 sqft crap shack?

I know the so called Libertarians who demand the government policies should only operate the way they see fit to suit their economic situation. But for other folks who aren't entrepreneurs or investors. Saving is the only way they got ahead. People used to buy houses and send kids to college by saving and getting a fair interest rate for doing so.