4 ms·
If I'm employed by Acme Corp, and have a 401k in index funds, but get laid off after the company goes bankrupt, I lose my income, but not my wealth. On the oth
by missedthecue 2y ago
If I'm employed by Acme Corp, and have a 401k in index funds, but get laid off after the company goes bankrupt, I lose my income, but not my wealth.
On the other hand, if my wealth is in Acme Corp and they go bankrupt, I lose my wealth and my income.
The first model is less risky, yet profitable enough to be worth it. And everyone can still own the means of production.
- whoknowsidont 2y agoYou've not only missed the point, but additionally nothing is stopping you from investing your wealth elsewhere. I don't understand how your scenario is applicable; it's definitely constructed.