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What do you mean by "opt-out capital"? Is this something to limit r>g (Piketty) inequality?

• marojejian 1y ago
  No, I just phrased that lazily. I mean that everone should start with a little capital "invested" in the system, vs. say getting cash and then being given the choice of investing. The phrase was meant to draw analogy with UX where you can either opt-in or opt-out of a choice, and opt-out structures always lead to much higher uptake. Which is why it's better to make the default option investing in a 401k. My optimistic hope is that, even when the amounts are small, this is a beneficial step, since already being an "investor" will both encourage some people to invest more, and encourage people to learn investing-related skills, and care about the health of the system.