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It's a system that depends on the next generation buying into the idea of what a company is worth at a higher value. What happens when the next generation has n
by bluthru 13y ago
It's a system that depends on the next generation buying into the idea of what a company is worth at a higher value. What happens when the next generation has no interest in buying into the idea of what a share of a company is worth? What happens to the last generation that has no one to sell shares to? Why does retirement depend on the young effectively giving the elderly money with wall street taking a percentage?
We used to have pensions in this country before the 401k loophole was exploited. 401k was never intended to be a middle class retirement vehicle. Instead of just pocketing the matched 401k funds, it is required to go to wall street where they take a percentage. Built in customers, even though 75% of managed funds perform worse than index funds. It's a joke.
- robryan 13y agoA company might be worth more down the track, because it has created more value? If it hasn't it is unlikely to be worth more.