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One thing that bothers me about the current economy is that most tech workers are are paid in stock and most Americans are required to invest to retire. This i
by spicyusername 3y ago
One thing that bothers me about the current economy is that most tech workers are are paid in stock and most Americans are required to invest to retire.
This is basically a net fiscal transfer from regular Americans to tech workers, since tech stocks are typically the default investment when retirement is more than a decade away, artificially raising the price of tech stocks.
Tech workers sell now while the price is artificially high and everyone else is left gambling later after all the tech workers have cashed out.