Joe Klein Does Not Want to Take Away Your 401(k)

WASHINGTON D.C -- I am attending the National Review Institute's Conservative Summit this weekend, and will post some of the interesting views I am hearing at the beginning of next week.

However, I want to mention one item right away. In between panel sessions, I ran into Time Magazine columnist Joe Klein and had the chance to ask him if he meant to imply that 401(k)'s should be abolished or scaled back when he wrote in a Swampland blog-post from January 22 that "all benefits received from employers should be included in salary totals". Mr. Klein answered that he was not suggesting that 401(k)'s should be scaled back, but that there were other benefits that should be included as taxable salary to make the tax-code more progressive.