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This is how it starts... Roth IRAs have always been built on a flimsy promise: pay your taxes now, and pay no taxes later. I strongly suspect in the near future
by briHass 4y ago
This is how it starts... Roth IRAs have always been built on a flimsy promise: pay your taxes now, and pay no taxes later. I strongly suspect in the near future, those individuals that were responsible and actually saved for retirement will be seen as 'cheating the system's because they aren't paying taxes on their sizable Roth balance.
Articles that cherry pick a rare example to cause outrage are attempting to change the rules. Thiel played by the rules and got lucky with his Roth. That doesn't change the fundamental promise of the account.