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by mxkopy 291 days ago
You should be forced to invest into all aspects of the social fabric that makes your success possible. Your reward is being able to be a successful philanthropist
1 comments

Your 401k is their social fabric contribution.
You misunderstand. From a billionaire’s POV a real contribution looks like taking some responsibility for the average person’s wellbeing even if it has nothing to do with their business interests, simply because they have the power to do this. The 401k is us benefitting from their selfishness, I ask that they stop being selfish
How does a 5 year old use their 401k to increase the quality of their education?
Probably should allow parents to open college investment accounts for kids at birth. Even $5k invested at birth would be $50k at 25, enough to mostly pay off a state school degree.

So yeah, generally I think that would be a good idea.

Suppose I’m a 5 year old born to poor parents. Should I have just made better life choices?
We do have, like, four versions of that in the US alone, yes, starting with 529 plans.