Date: Mon, 5 Mar 2007 03:59:47 -0600
From: Ernie Klein 
Newsgroups: misc.invest.financial-plan
Subject: Re: Barron's article on future taxation of Roth IRAs
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In article ,
 pmb@his.com (Paul Michael Brown) wrote:

> Elizabeth Richardson :
>  
> > While I fully recognize the non-taxability of Roth earnings is very
> > attractive, I consider that feature to be lesser than it's immunity from
> > RMDs. Does anyone question this feature will not be maintained? Does anyone
> > think Congress will add RMDs to Roths if/when it adds back taxes?
> 
> Mr. McQuarrie speculated that Congress might be tempted to "encourage"
> RMDs in a variety of ways. See Barrons for details. He notes "once enough
> people parlay their IRAs inot a family fortune, some politician will rise
> up against the evils of tax-free inherited wealth." He envisions backlash
> against "obscene accumulations of dynastic wealth." Finally, he says that
> young workers are probably better off taking the tax break now and
> contributing to a traditonal 401(k) account. Bird in the hand and all
> that.
> 
> Mr. McQuarrie's dark ruminations about how future politicians might target
> those who prudently saved during their working years to close a budget
> deficit tempts me to set forth some type of screed on misplaced
> priorities. But I'm sure Skip would prefer me to post that over in
> alt.politics.

[Said by many politicians of both parties] 

"We will not raise taxes"! -- "Yea say the masses!"

"We have closed some loopholes that allowed the greedy rich people to 
take advantage of the system!" -- "Yea say the masses!"

-- 
-Ernie-