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A mind shift (that might help) is to realize that if you have a 401K or IRA or pension - which if you are on HN you have at likely at least have some modicum am
by somethoughts 4y ago
A mind shift (that might help) is to realize that if you have a 401K or IRA or pension - which if you are on HN you have at likely at least have some modicum amount likely - then you are an indirect beneficiary by these profit seeking moves.
From the distribution chart it seems most of the US stock market is owned via IRAs/401Ks/defined benefits and insurance versus individual accounts. [1]
Those evil corporate landlords that drive up rents? Well, likely they are acting on behalf of former hardworking teachers of Canada. Sure there is skimming involved but a bulk is going toward to teacher's retirement. [2]
Of course mileage may vary whether this helps how one feels.
[1] https://i.insider.com/5746013852bcd044008c527e?width=1200format=jpeg&auto=webp https://i.insider.com/5746013852bcd044008c527e?width=1200for...
[2] Why Canada’s Teachers Run an Investment Firm in Singapore https://www.youtube.com/watch?v=7HXcT_xlLB0 https://www.youtube.com/watch?v=7HXcT_xlLB0
- maerF0x0 4y agoThat's also a good point. Boomers legislated themselves to a bunch of entitlements at my expense, whilst simultaneously cutting any sort of good for my (and subsequent) generations.