No its not, it's to encourage certain behaviors. In this case saving for retirement by using already taxed income instead of paying those taxes when you retire. You can read the article I linked to below to see how it was abused in this instance.
I wonder if there will be increased interest in more privacy focused cryptocurrencies like Monero? I don't follow this news closely so I am genuinely curious if anyone has any insights.
"But the thought of someone coming along and making a new social network, one that doesn’t have Facebook’s flaws, seems hopeless. After all, if Google, with all its vast wealth and talent, couldn’t do it, then who could?"
Instagram, WhatsApp, Snapchat... The greater issue to me doesn't seem to be who can beat Facebook but rather, what's going to keep Facebook from buying up any real threat that's not backed by one of the big 5 tech giants.