Indeed, taxpayers spent $3.7 million last year alone on the pensions and benefits for the four living former presidents. That includes staff and security.
The amount of tax revenues that would result from such a limit would be negligible, and redistribution of wealth is only part of the overall goal.
For many on the left, "it's also about reducing the ability of individuals to make themselves independent of the state," the Journal pointed out.
"They have always disliked IRAs, just as they oppose health-savings accounts, because over time they make Americans less dependent on federal entitlements or transfer payments."
Democrats just can't have that. During Obama's presidency, the number of Americans receiving food stamps has shot up by more than 50 percent, growing from 29 million in 2008 to more than 46 million today.
The federal government should be encouraging self-reliance, not punishing it as if it were undesirable behavior.