The senior administration official said that wealthy taxpayers can currently accumulate many millions of dollars in these accounts, substantially more than is needed to fund reasonable levels of retirement saving.
Yeah, here we go again with the “why do you need that” argument coming from the left. Too bad Americans are to brain-dead to see how destructive having a communist government is.
Exactly. You don’t need that gun, that magazine, those bullets, that money.
NEED is not the issue.
FREEDOM is the issue!
The only weird thing about this idea (from Obama’s view) is it will lower the amounts the govt can eventually steal from these accounts. I guess he’s got other ideas for that, like a wealth tax.