3 ms·

The 401k was a clumsy attempt to align the middle-class with the interests of big-capital. It allows very wealthy people to hold middle-class people's retiremen

The 401k was a clumsy attempt to align the middle-class with the interests of big-capital. It allows very wealthy people to hold middle-class people's retirements hostage when it comes to labor laws and anti-trust

txsh 9y ago
The 401k was a way for companies to stop providing pensions to their employees.
- marnett 9y ago
  it is a multi-faceted vehicle that aligns multiple parties into shared incentives.