makes me question the conventional wisdom about defined contribution retirement savings— if holding wealth in large cap stocks is simply reinforcing the mechanism that exploits workers to improve shareholder returns... whoa.
also, a handful of wealthy millennial heirs giving money to non profits won’t make a dent — people voting against their selfish interests _ taxing corporate profits, high earners, capital gains, wealth, and large estates might better create programs that enable upward mobility than what’s described here which seems at best symbolic.
makes me question the conventional wisdom about defined contribution retirement savings— if holding wealth in large cap stocks is simply reinforcing the mechanism that exploits workers to improve shareholder returns... whoa.
also, a handful of wealthy millennial heirs giving money to non profits won’t make a dent — people voting against their selfish interests _ taxing corporate profits, high earners, capital gains, wealth, and large estates might better create programs that enable upward mobility than what’s described here which seems at best symbolic.