Re:Apple and Google embody two alternative models of capitalism
by alasdair_ on Tuesday July 11, 2017 @06:05PM
(#14748490)
>How many of those 401ks and IRAs were wiped out and the "owner" left with nothing after Madoff, housing bubble, etc.
I assume almost none of them.
People with most of their wealth in a 401k probably didn't have a lot of money in Madoff's hedge fund and the housing bubble also likely didn't wipe out retirement funds for the people that just left their retirement alone.
Re:Apple and Google embody two alternative models of capitalism
by holdthetab on Tuesday July 11, 2017 @10:34PM
(#14749741)
why would the people who have no money to give be the ones held to account? if your political views can't pass a simple sniff test like that, what hope do you have of enacting them?
Every time a bubble pops, they're the one's left holding the tab.
How many of those 401ks and IRAs were wiped out and the "owner" left with nothing after Madoff, housing bubble, etc.
IMO, it's a fools errand as a figurative little person on the totem pole to babysit the wealth of the rich who leave them dangling in front of the fan that just had shit splatter all over it.