Pension Protection & Asset Accumulation

By one estimate, the federal government spent over $367 billion in 2005 alone on subsidizing Americans' retirement savings and tax breaks to build up other assets like buying a home.  Unfortunately, those subsidies go overwhelmingly to those Americans who already have high-incomes; almost none of it goes to the poorest Americans who need the most help building the financial assets that can lead to long-term economic opportunities and security.