(Bloomberg View) – There have been some modest attempts in the past few years to shore up and fill in gaps in this country's haphazard system of retirement savings.

These attempts – federal myRA accounts, state-run retirement accounts, and fiduciary standards for retirement account providers — have also all been shut down, rolled back or delayed since Donald Trump moved into the White House a year ago.

So it may seem like a curious time to talk about tossing aside the current system of 401(k)s and individual retirement accounts in favor of an entirely new retirement savings system, as Teresa Ghilarducci and Tony James do in their book, "Rescuing Retirement: A Plan to Guarantee Retirement Security for All Americans," which after an earlier iteration in 2016 is now out in hardcover.

But hey, since the little stuff isn't getting anywhere, why not go big?

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