> it's morally fraudulent even if legally allowed Can you detail the immorality? > To close the loophole, putting private shares into a Roth IRA should be ba

> it's morally fraudulent even if legally allowed Can you detail the immorality? > To close the loophole, putting private shares into a Roth IRA should be banned because they have no true market price that indicates their worth. Why should they be banned? Everything has a price. IIRC, in a self-directed IRA you can put anything... paintings, gold, collectibles, houses. Why not random shares? I see a huge problem here. Roth IRAs were made with certain guarantees. That some people would make outsized returns in a country of almost 400 million should be expected. Why do we find it necessary to then go and 'get our fair share'? Didn't we already set the rules? Why must we now change them since some guy got lucky? Ideally, we should just say 'good job Mr Thiel', you held up your end of the bargain and we'll hold up ours. The deal was already struck. This is why no one trusts the American government. Also, I'd point out that the roth IRA mentioned here is only nominally worth $5b. If he were to sell all the shares there would likely be a huge drop in price. Either way, what goes unmentioned is that the $5b wouldn't be taxed anyway if it was all in unrealized capital gains.