Banks and credit cards already offer various "save the change" programs.

Idea here is to incorporate a personal retirement savings account directly into a VAT style tax, so that you are in fact forced to save that amount. The money would be directed to a special purpose IRA/401K style account which would only have the option in investing in government bonds and selected mutual funds.

This would be quite separate from Social Security and other safety net programs.

So, every time you shop, you are forced to save.
-- theircompetitor, Nov 17 2019

The government will steal the money and waste it [-].
-- 8th of 7, Nov 17 2019


personalized accounts
-- theircompetitor, Nov 17 2019


The government will still try to steal the money.
-- 8th of 7, Nov 17 2019


They could try 8th, but they will tax it anyway and get some. I like this idea, a lot. I may even save it to my saved ideas...oh wait, this isn't Fb is it???
-- blissmiss, Nov 17 2019


[+] VAST plus a dollar value credit from loyalty cards, from shops that want to pen consumers, would be good.
-- wjt, Nov 18 2019



random, halfbakery