This is what I am saying the article is raising!
I'd limit it to $10m myself. Seems like that would be enough to retire on. Probably tie it to inflation?
What number would you pick?
> What about making it easier for normal people to have access to the same IPOs that Thiel had access to?
I would be fine with that but it seems like a separate issue?
If this wasn't Thiel but rather someone else who made 60k/yr or 120k/yr, I don't think this would even be a conversation. So what if they turned their Roth IRA into 100 million.
In my opinion that is encouraging the right behavior and the intent. Investing 2,000 per year of their wages and trying to be somewhat forward thinking about their retirement.
Now there is the open question of if an average person is able to truly analyze such investments, but I think that is a separate issue as well.
I'm not bothered by investments whose value grows beyond that figure, to be honest, mostly because it's not clear what you'd actually do about it without trying to value unrealized positions and more likely compel transactions. (Valuing listed shares is relatively straightforward, but compelling transactions is abhorrent to me.)
This is in line with QSBS tax treatment of corporation shares, where if certain conditions are met, there are no capital gains on the first $10 million.
https://www.brownadvisory.com/us/theadvisory/qsbs-tax-exempt...