It seems that Ireland is doing just that. Won't a cash strapped Congress having a large lower class (because the middle class will have been destroyed) and a large senior cohort screaming for Medicare decide to go after this pot of cash rather than raise upper income tax rates to confiscatory levels?
Roth IRAs: Safety in Numbers? - Megan McArdle - Business - The Atlantic
Roth IRAs: Safety in Numbers? - Megan McArdle - Business - The Atlantic