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by tempaccount9473 4793 days ago
> Meaning that over the long term no large pot of money goes unlooted.

Actually, if you look at average fees charged by financial institution, and the divertion of returns on capital to hedge funds and high-frequency traders, 401k funds are already being effectively looted.

> some form of nationalizing of 401k accounts into pension plans wherein what they are invested in is decided by government employees.

Hahhaaahaahaaaaa. That's a good one. But in cae someone else doesn't get the joke and takes you seriously, let me explain the joke. Wall Street already has your 401k money, they don't need to siphon it off via tax cuts for the wealthy like we did with the Social Security surplus.