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> educate people into investing better instead So 401ks were intended to do this in a way. I think it was the greatest theft of a generation. "Lets incentiviz
by Rhapso 2y ago
> educate people into investing better instead
So 401ks were intended to do this in a way. I think it was the greatest theft of a generation.
"Lets incentivize and normalize the middle class to give the rich their retirement funds to play with."
In general stock investment does nothing but make the distribution of wealth more and more lopsided. For every dollar gained by the poorer the rich gain more. When the rich gain more, they get to leverage the new capital to get even more next time in a positive feedback loop.