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People are de-facto forced to hold stock in states that have no defined retirement benefit that can be lived off. The 401k in the USA is a good example. I don’
by cityofdelusion 2y ago
People are de-facto forced to hold stock in states that have no defined retirement benefit that can be lived off. The 401k in the USA is a good example.
I don’t think punishing stock holders makes any more sense than punishing all of Germany after WW1 did. You need to cut the head off the snake, not nibble at the tail. A hypothetical corporate death penalty should start at the top, then cascade down some amount of “tiers” down the executive chain. Executives tend to be the ones with the biggest stock rewards and the ones lining up unethical incentives in the first place.
- jandrewrogers 2y agoThe US has a defined benefit pension called Social Security. It is relatively generous compared to retirement pensions in other countries. A defined contribution plan like 401k is in addition to this pension; most developed countries also have something similar. In this regard there is nothing unique about the US.
- tivert 2y ago> I don’t think punishing stock holders makes any more sense than punishing all of Germany after WW1 did. Come on, stockholders are nothing like the subjects of a hereditary monarch. > You need to cut the head off the snake, not nibble at the tail. A hypothetical corporate death penalty should start at the top, then cascade down some amount of “tiers” down the executive chain. You need to do both: punish the owners and their agents. What you're proposing is akin to punishing the generals and general staff, but letting the Kaiser get off scot free (including keeping his position).