Ron Wyden, Chairman of the U.S. Senate Finance Committee, said last week that he was reviewing proposed legislation that would crackdown on giant tax-free retirement funds amassed "by the ultrawealthy," ProPublica reports. This is "after ProPublica's expose that billionaires were protecting their fortunes within them. ProPublica reported earlier that PayPal founder Peter Thiel converted his retirement account into a $5 million tax-free piggybank. "Wyden's proposal to regulate Roth IRA accounts has been criticized in at least one editorial from 2016, which said that everything was "opposing capitalism and economic freedom."
