LEVER TIME PREMIUM: How the U.S. Subsidizes Retirement for the Super-Rich

On this week’s Lever Time Premium, our weekly bonus podcast episode for supporting subscribers:

Once again, House Republicans are attempting to hold the debt limit hostage in exchange for harsh spending cuts, even as it appears they’re backing off threats to slash Social Security for now.

Amid these moves, David Sirota speaks with Matthew Bruenig, founder of the People's Policy Project, about why we should instead be focusing our attention on one of America’s other large income redistribution programs: 401(k)s. Matt talks about how the 401(k) and IRA system disproportionately benefits the super-rich, the inefficiencies of Wall Street managing private retirement accounts, and other country’s approaches to retirement systems.

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