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The capital-owning class is society. Don't you have a 401(k)?
by immibis 11mo ago
The capital-owning class is society. Don't you have a 401(k)?
- jack_tripper 11mo ago[flagged]
- igleria 11mo ago> I live in Europe So do I... Europe is quite diverse. My retirement, if there is a society at that point, would be funded by a mix of a private pension fund and a public one (Ireland).
- jack_tripper 11mo agoI know. That was tongue-in-cheek sarcasm for the Ponzi government pay-as-you-go pension system in most European countries that's said to collapse in the future unless we import infinity migrants to fund it. I was expecting people would catch onto it being tongue-in-cheek.
- immibis 11mo ago> Well then I guess we should just tear down the planet, the environment and society, burn, sell and grind to a pulp everything that isn't nailed to the ground for profit, and give everyone a cut, future consequences be damned. Yes.
- jack_tripper 11mo agoSo when do i get mine?
- reb 11mo agoAs usual, size matters. Equating typical 401(k)s with the economic activity of the class GP is referring to is... absurd. But pretending small-time participation in public markets is the same as billionaire participation in private markets is a great way to convince the lower classes our financial system isn't structured to move wealth away from them.