There are so many US individuals who have accumulated total assets in all
of their retirement plans combined, including the Value of their Pension Benefits, of in excess of $10 mil each, and many are
way in excess of $10 mil.
This "Tax Deferrals Gone Wild" is another illustration of how most in
the US Congress continue to legislate only for the wealthy.
My recommendation here is that once an individual has accumulated total
assets in all of his retirement plans, including the Value of his Pension Benefits, of at least $10 mil, that all of
his subsequent earnings in these retirement plans will now be taxable
for US Federal Income Tax Purposes.
All of the money raised here should be used to reduce the US Debt.
