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22 May 2018, 5:30 am by Dan Carvajal
The government has a lower discount rate than private investors, so by allowing the assets in retirement accounts to mature in the private market before taxing them, the government earns more revenue than it would under Roth-style tax treatment.[4] This is especially true if savers are lucky enough to invest in an asset that yields unusually high returns (called “supernormal” returns). [read post]