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These simplistic ideas are exactly why it never will happen Roth versions of tax deferred accounts only exists because the government is an irresponsible spend
by vmception 5y ago
These simplistic ideas are exactly why it never will happen
Roth versions of tax deferred accounts only exists because the government is an irresponsible spender and needed revenues. It made the contract with the people because its like a degenerate crack addict child scrounging for cash, in its case only to keep convincing international investors that it can slowly pay debt. Wow the contract worked and you just caught on 22 years later.
What is your issue with people making good trades in a tax deferred and tax exempt accounts? That it needs more revenues again? The government will be fine, international investors are content with its revenue sources. These kinds of accounts are already subject to massive penalties and even UBTI regulations
- xkjkls 5y agoMy issue is that as a society, we want a percentage of the wealth that is created to be democratically controlled. We can debate which percentage and how that should be acquired, but the end social contract is that part of all wealth produced has some democratic component to it. For the last 5 is that decades, we've had groups of people gradually trying to evade more and more of that responsibility, and we aren't going to produce a functioning society that way.