The more I run through it in my head, the higher the probability I assign to a government confiscation of some kind towards American citizen retirement accounts.
The honeypot of untaxed gains will be too tempting to pass up amongst skyrocketing debt and, what I believe, fewer and fewer nation-states and corporations to buy that debt.
Potential actions:
1. Lower the age of RMDs on pretax money
2. Increase tax rates for withdrawn pretax money (think ordinary income + 5%, for example)
3. Changing the rules on Roth distributions. Complete rug pull of the rules. Gains now taxed at x%
This is just a hunch. Not saying it’s going to happen for sure, but the probability rises every day.
It’s another reason to diversify tax buckets.
_tdudenhoeffer / Trent Dudenhoeffer
npub1wu…yh7qn
2023-08-10 13:13:42
Author Public Key
npub1wurnmeal9cjegaqewyh3pv0l0c7rf3n7sa6tanafe6hz2qgdemdsfyh7qnPublished at
2023-08-10 13:13:42Event JSON
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"content": "The more I run through it in my head, the higher the probability I assign to a government confiscation of some kind towards American citizen retirement accounts.\n\nThe honeypot of untaxed gains will be too tempting to pass up amongst skyrocketing debt and, what I believe, fewer and fewer nation-states and corporations to buy that debt.\n\nPotential actions:\n1. Lower the age of RMDs on pretax money\n2. Increase tax rates for withdrawn pretax money (think ordinary income + 5%, for example)\n3. Changing the rules on Roth distributions. Complete rug pull of the rules. Gains now taxed at x%\n\nThis is just a hunch. Not saying it’s going to happen for sure, but the probability rises every day.\n\nIt’s another reason to diversify tax buckets.",
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}