We need more Luigis ✨
this post was submitted on 05 Jun 2026
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One of the contributors to the wealth redistribution was the move away from company pensions to “just invest in the stock market” 401k and the like. Pension obligations disappear and stock value goes up.
I have to buy shares. They are given shares. And even if you’re getting shares as part of your compensation, it’s a fraction of what management gets.
It also causes people to invest in inherently evil products they wouldn't otherwise. Pension to 401k is strong arm (metaphorically speaking, obvs) robbery.
I'd slightly disagree with the first point only because pension funds were invested the same way a personal 401k is. Either way your retirement money goes to inherently evil products