2016 Postmortem
In reply to the discussion: Would Bernie supporters be so kind as to define "Wall Street" for us? [View all]JonLeibowitz
(6,282 posts)Ultimately, I would personally stand to benefit from the loophole so I hope it doesn't get axed (after finishing school). But I still support Bernie because it isn't all about my checkbook.
However, can we really say that the conversions encourage retirement saving? Aren't the people who are savvy enough to recognize and take advantage of this loophole going to fund their retirement anyway? It was never the original intent (apologies to Scalia) of the Roth program to have this backdoor.
The nuanced and unspecific language is endemic of many of her policy proposals unfortunately. I could be biased due to partisanship, but I can't find many concrete campaign pledges nor tell where she definitively stands on major issues like fracking (borne out in tonight's debate) and trade and financial sector regulation. I have seen and heard a lot of work to, try to, address. It seems really easy to accomplish something mediocre and declare victory while the real problem is left untouched. That is, if you accept that the "game is rigged", to borrow Warren's language, this is exactly where the lobbyists come in and carve it up to meet their needs.
Anyway, that's me.