News for hackers. Stuff that matters.

A comment on Peter Thiel turned a Roth IRA into a $5B tax-free piggy bank. Parent comment

Re:Peter Thiel turned a Roth IRA into a $5B tax-free piggy bank by hyperpape on Thursday June 24, 2021 @05:32PM (#27624074)
I believe that this has been true at some points in the past, but is not true for the majority of the current slate of billionaires, most of whose wealth comes from activities during their lifetime.

It's a robber baron period, not a dynastic wealth period.

[ Parent | on HN ]
Re:Peter Thiel turned a Roth IRA into a $5B tax-free piggy bank by chrisseaton on Thursday June 24, 2021 @05:36PM (#27624113)
> but is not true for the majority of the current slate of billionaires, most of whose wealth comes from activities during their lifetime

Huh you're right. I guess that's a source of hope!

[ Parent | on HN ]