Peter Thiel and the Roth Retirement Accounts Scandal w/ Justin Elliott - a podcast by J.G.

On this edition of Parallax Views, most American citizens imagine tax havens as all being located in the U.S. But what if some of America's most wealthy, the ultrarich, had what amounted to a tax haven right here in the U.S. of A?

ProPublica and its crack team of reporters may have just blown the lid off  that very possibility in their explosive investigation "Lord of the Roths: How Tech Mogul Peter Thiel Turned a Retirement Account for the Middle Class Into a $5 Billion Tax-Free Piggy Bank". One of the investigations co-authors, Justin Elliott, joins us for a brief but informtive discussion about how ultrarich billionaires like Peter Thiel, Robert Mercer, and Warren Buffet have been able to use Roth IRAs (Individual Retirement Accounts), originally intended for middle class Americans to build nest eggs for their golden years, to amass large amounts of wealth without having to worry about taxes or an increasingly stymied and underfunded IRS. All that and more on this edition of Parallax Views.

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