The tweet was deleted by the author.
But we saved everything 🙂.
Kyle Pomerleau comments that, from a revenue perspective, traditional accounts do not pose a significant issue because the government receives a share of the outsized returns through taxes that can reach rates as high as 40%.
He warns that Roth accounts, however, present a more serious challenge. Pomerleau adds that proposals seeking to address both account types are misguided.
Pomerleau has previously argued that increasing taxes in one area tends to prompt hikes elsewhere, resulting in no real gain in affordability. In another piece, he contended that higher government spending may reduce private sector output by redirecting real resources. These perspectives inform his concerns about tax policy proposals affecting retirement accounts.