POLITICS

WH: I do think at a certain point you’ve saved enough money

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Politics,Beltway Confidential,Joel Gehrke,Politics Digest

President Obama, the man who once said that “at a certain point you’ve made enough money,” reportedly also believes that there’s a point at which people have saved enough money.

“Under current rules, some wealthy individuals are able to accumulate many millions of dollars in these accounts, substantially more than is needed to fund reasonable levels of retirement saving,” the White House budget proposal says, per Talking Points Memo, while proposing a cap on retirement savings.

The caps would expose money that otherwise would have been saved to taxation. “I do think at a certain point you’ve made enough money,” Obama said in 2010.

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