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Beating them at their own game like this, costing them billions of dollars, is one of the funniest things anyone could ever do – even if the government is just going to tax you with inflation to get them all their money back.

>Beating them at their own game like this, costing them billions of dollars, is one of the funniest things anyone could ever do – even if the government is just going to tax you with inflation to get them all their money back.

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[–] • 0 pt

It won't redpill that many.

The news is obviously skewing the reporting, making it sound like "hackers" are fucking with people's 401ks, making reddit out to be the bad guys in the minds of normies.

When the new laws come out to punish common investors (and online trading sites) the normies will cheer for their money, not knowing that their money is still being fucked with, and now harder for them to actually protect it.

In the long run, the small percent of day traders will be crushed, the elites will make even more money, and regular people just won't realize they are getting fucked even harder.

I would love a big redpill moment, but for most normies, I doubt they will notice a fucking thing.

[–] • 0 pt

I can certainly see why you'd be pessimistic here, considering the last couple years. A lot of people are NPCs and will believe whatever the fake news says. But how many young people have 401ks?

Even if they do convince people this will fuck with grandpa's retirement, boomer hate has been growing for a while now. Remember when kids were calling covid "the boomer remover"? I'm not gonna get my hopes up too much but I think the media spin may not be enough this time.

[–] • 0 pt

I don't know the number of younger employees who end up with 401ks.

I would guess 50/50 as a start. Most good jobs have some sort of 'employer match' incentive. My first job I started my 401k on day 1. Smart employees will take advantage if offered the chance.

I don't think retail or service industry jobs offer 401k options/matching, so there are few incentives in those fields.

I also don't know about the average home situation, but if my parents had 500k in their retirement, and then it drops to 50k, and they want to move in with me, I would be a little upset. lol