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> The US especially seems to be infected by short-term, happy-path thinking... Are we so sure that's true? Aren't tax deferrals on 401ks a long term bet? It'
by jopsen 2y ago
> The US especially seems to be infected by short-term, happy-path thinking...
Are we so sure that's true?
Aren't tax deferrals on 401ks a long term bet?
It's structured differently, power is distributed rather than concentrated.
Is power concentration a good thing?
Aren't long term bets extremely risky? Professional investors have a hard time beating the market. You think politicians can?
Arguably, the ability to tax people does offer other investment opportunities.
- tivert 2y ago> Aren't tax deferrals on 401ks a long term bet? You misunderstand. I'm mainly talking about the policy level, not the individual level. The US let a fetish for free markets override pretty much every other national priority. Also 401ks to a lot of things, and one of the more interesting ones they encourage laborers to internalize the interests of the capitalist class, which they are very much not served by.
- gruez 2y ago>Also 401ks to a lot of things, and one of the more interesting ones they encourage laborers to internalize the interests of the capitalist class, which they are very much not served by. Okay but what about the alternative? If 401ks didn't exist and "the capitalist class" were lobbying against it, I could plausibly imagine people like complaining about capitalists are oppressing the working class by hoarding the mechanism to which people can build wealth.