> Wealth is transferred from ordinary folk via the IPO-retirement-fund axis Pretty much this. It's so infuriating to watch never-going-to-be-profitable busine

> Wealth is transferred from ordinary folk via the IPO-retirement-fund axis Pretty much this. It's so infuriating to watch never-going-to-be-profitable businesses cash out on the backs of people's retirement accounts. It's one thing for a company's 401k to be stuffed with this crap, but when municipalities like CalPERS are investing in these indexes, it's outright criminal IMO.