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> The US has definitely got something right with incentivising investment. Vacuuming retirement savings of tens of millions of workers and piping the funds dir
by sangnoir 2y ago
> The US has definitely got something right with incentivising investment.
Vacuuming retirement savings of tens of millions of workers and piping the funds directly to Wall Street? I think that captured investor-class who pony up billions but don't vote at AGMs has led to excesses that are negative to society as a whole.
- robertlagrant 2y ago> Vacuuming retirement savings of tens of millions of workers and piping the funds directly to Wall Street Can you be specific? Do you mean people putting their money into pension funds?
- sangnoir 2y agoMost tax-advantaged retirement savings schemes channel retirement money to listed companies and/or Wall Street investment funds by default - pension funds included.
- robertlagrant 2y agoWhat does "channel" mean here? Do you mean they choose to invest there? "Channel" implies something being done secretively.
- sangnoir 2y ago> "Channel" implies something being done secretively. No, it does not. channel: direct toward a particular end or object[1] 1. The Oxford-dictionary-based Google searchbox "define" feature