Following your line of reasoning, no one should complain if 401k withdrawals are taxed at a .000001% rate, because hey, they are “taxed”.
The point is that retirement accounts get better tax treatment (which is the the clear stated goal of the accounts) and most of the value is delivered to people who are already better off in society, it isn’t giving the disadvantaged a leg up. Or at least, that is the argument.
Following your line of reasoning, no one should complain if 401k withdrawals are taxed at a .000001% rate, because hey, they are “taxed”.
The point is that retirement accounts get better tax treatment (which is the the clear stated goal of the accounts) and most of the value is delivered to people who are already better off in society, it isn’t giving the disadvantaged a leg up. Or at least, that is the argument.