the IRA was set up as a vehicle for the average person to hopefully save a bit for the future, tax free for now. Plus, the yearly limits on donation to it are limited, very limited actually.Actually no .... it's not set up for *everyone*, it's not even set up for much of the middle class. If your are talking about a standard IRA, I am beyond the income limit nearly EVERY SINGLE year!!! (this in part because I work for companies that provide 401ks even though they usually provide no or very little matching! what kind of a messed up reason is that for me to be over the income limit for regular IRAs - but the tax codes HATES ME, what can I say? ). So if I am beyond the income limits how in heck is Mitt not?Ah, it was actually set up to be available to ANY American, but it does work better in the whole class warfare thing if you say "average". Other than Mitt, we're all average, right? And just for the record, I'm not a Wall Street insider or corporate titan, but my own IRA is worth a fair amount more than the total of my contributions. That's kind of the idea.
Now if you are talking about the *Roth* IRA I think that has income limits too but they are higher, but the contributions are severely limited currently at $5000 a year per person unless you are over 50 then they are $6000 (and they are increased every few years so in prior years they were even less!). So I haven't done it right here and now but seriously it's just math, how much would you have to earn on that put in yearly to have 50-100 million in accounts. Far more than "just happens", far more than even really good traders can get. Insider trading strikes me as one way to get there.