re: Questions regarding IRAs

True story, I suppose. Under current rules and without grandfathering of the rules... I would think the more likely scenario is a wealth tax. If you're worth over $XXX, you get taxed an extra % per year, not necessarily on the income.

The people who are paying attention, for the most part, are the people who are preparing for the future too. Typically you don't bite the hand that feeds you. Thus, nothing happens.