Investors took the bump in rates and put them in their IRAs.
Now Hussein wants to tax IRA income annually. Afterall, if someone is rich enough to have a retirement account, he is rich enough to pay taxes on it.
Next up, since any income not taxed is a government subsidy, if no tax on total IRA income, then a requirement that IRAs must have an amount of US Treasuries to match anything not taxed in them.
yitbos
One concept roils in by brain; vacant debt.