For example, families which participate in the tax-deferred plans already tend to be the better savers.
Participants also tend to take on more debt than other households.
Also, entitlements programs shift a major tax burden onto baby-boomers and future generations. Reducing and reforming these programs would facilitate tax-cutting, thereby enabling those who are presently paying their exorbitant costs to shift more money into savings. Investor's Business Daily , November 8, 1996.