alt Hacker News> Meanwhile tech workers in the US spend all day online defending billionaires
Tech pulled a great trick here: equity.
America as a whole pulled a similar trick: 401k
It’s hard to fight the billionaires when all your money depends on not fighting them.
Replies
nielsbot • today at 4:08 AM
Are you saying taxing billionaires out of existence would be bad for equity and 401ks? How, exactly?
➕ show 1 reply
anon291 • today at 3:39 AM
Well yeah America has achieved what the communists sought: public ownership of the means of production . Today most of the American public owns the largest means of production in government advantaged accounts. Marx ought to be proud
➕ show 3 replies
401(k) and IRA’s were not a gift. It was a way for the companies to end the company pension plans in the early to mid 1980s. Half of the people who did receive them squandered them by cashing out before retirement to pay bills. If Social Security goes the same way most would squander it paying for necessities.
Most of the unionize workers still left in America get a better share of the pie than the non-Union workers not even close. It’s always good to work together in a union had to be footloose and fancy free by yourself.