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by immibis 183 days ago
The capital-owning class is society. Don't you have a 401(k)?
1 comments

As 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.

Would you rather not even have the 401(k)? That’s the situation most of the world is in.
Of course not. But it's always worth considering: are those the only options?
looks over at the maniac setting everything on fire from the whitehouse

Sure, but…. really?