4 ms·
> Millions of voters can be controlled by trotting out "never hurt the market because then what will happen to your investments?" whenever something interesting
by tablespoon 5y ago
> Millions of voters can be controlled by trotting out "never hurt the market because then what will happen to your investments?" whenever something interesting comes along.
The 401k has served as a clever trick to get large numbers of laborers to support policies that mainly benefit rich capitalists and to oppose many policies that would help themselves.
- quacked 5y agoThat is precisely my position. It is a scam; producing very little value that didn't already exist for Americans while enriching the owners of the 401(k) portfolios beyond nearly anyone in history.