• Neuromancer@lemm.ee
    link
    fedilink
    arrow-up
    1
    arrow-down
    15
    ·
    1 month ago

    The stock market is how pensions are funded. That means the largest loss of wealth to the middle class.

    • Sanctus@lemmy.world
      link
      fedilink
      English
      arrow-up
      12
      arrow-down
      1
      ·
      edit-2
      1 month ago

      Thats great, you can still save pensions. Use the wealth you are redistributing to ensure pensions. The billionaires have enough for all of us to retire. I’m not advocating for instant destruction. I’m advocating for removing it and replacing it with a system that promotes cooperation and resource efficiency instead of one that solely focuses on financial gain.

      • bizarroland@fedia.io
        link
        fedilink
        arrow-up
        4
        ·
        1 month ago

        The stock market is one of the reasons why we don’t have pensions anymore. Companies realize that it’s a lot cheaper to pawn off the responsibility of covering your own retirement on the people who work their entire lives for you.

        • Sanctus@lemmy.world
          link
          fedilink
          English
          arrow-up
          4
          ·
          1 month ago

          They actually gave the job to a bunch of sycophants who transform it into some immaterial form using strange magic. It is unclear if this will hinder or benefit you. The sycophants use their commission to buy blow.