[chrismealy]

The article rightly talks about the conflict between investors and consumers, but neglects the conflict between investors and workers. Index funds returns are returns to capital. For the vast majority of people, even people with lots in their 401k, most of their income is from their labor. Most of the increased national income in recent decades has gone to capital, not labor. If that's going to continue, in order to maintain shared prosperity, capital will need to be redistributed.