tag:blogger.com,1999:blog-5090403.post4492876760851302900..comments2020-01-24T01:29:11.786-07:00Comments on y-intercept blog: Utah Educational Savings Plany-intercepthttp://www.blogger.com/profile/03389285761013186443noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5090403.post-28945011684810009182007-11-01T09:08:00.000-06:002007-11-01T09:08:00.000-06:00The debate does a good job showing how the progres...The debate does a good job showing how the progressive mind works. First they claim there is a problem that demands a new government program. That government program inevitably concentrates power in an elite class. <BR/><BR/>The answer to the corruption of the government program is totalitarian control from the government. Both the corrupt government control investment scheme and the totalitarian are negative sum games that destroy local investment. The totalitarian solution dramatically increases the number of people in need.<BR/><BR/>A far better approach is to encourage people to save, but save in ways that they have control of the assets. By encouraging independently owned investments, you end up increasing local investment and decreasing the number of people who are in financial need.y-intercepthttps://www.blogger.com/profile/03389285761013186443noreply@blogger.comtag:blogger.com,1999:blog-5090403.post-20742143755782575262007-10-31T19:19:00.000-06:002007-10-31T19:19:00.000-06:00It does sound like another one of those outsourced...It does sound like another one of those outsourced, privatized government fiascos. <BR/><BR/>It would probably be better if they would increase the funding for the state colleges and universities so the could lower tuition. While some families can benefit from the 529 plan, you're right that most of those were families that were already saving because they had disposable income. Those with little or no disposable income get no benefit at all from a 529 plan, but could afford to send their children to college if the tuition were lower.Charles Dhttps://www.blogger.com/profile/02975241234146573609noreply@blogger.com