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penny500
4809 days ago
Because for Wall Street to succeed, Main Street must fail? Why would Main Street transact with them at all if that were the case?
1 comments
rayiner
4809 days ago
> Why would Main Street transact with them at all if that were the case?
Because we force them to, through 401k's and the like.
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penny500
4809 days ago
What specific law are you referring to that forces Main Street to invest in 401Ks?
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rayiner
4809 days ago
The tax code, mainly (and remember attempts to privatize social security?). Not overt force, no, but intended to skew behavior certainly.
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Evbn
4809 days ago
401k doesn't force you into wall street. You can buy govt securities or money market, unless your employer is awful.
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Because we force them to, through 401k's and the like.