Hiltzik: Ordinary Americans struggle to fund their 401(k) plans while plutocrats fill theirs with tax-free millions

Hiltzik reports that ordinary Americans struggle to fund their 401(k) plans while plutocrats accumulate millions tax-free. The article notes that tax-advantaged retirement accounts, initially devised for the middle class, have been exploited by the rich. Consequently, plans are now being considered to close these financial loopholes.