“Fink was refreshingly blunt that it’s not hard to figure out why millennials and Gen Z workers are economically anxious. “They believe my generation — the Baby Boomers — have focused on their own financial well-being to the detriment of who comes next. And in the case of retirement, they’re right,” he said.”
Yes!
“While Fink correctly identified a key problem, his proposed solution wasn’t to bring back pension plans. It was a new BlackRock product that helps people better manage their retirement spending. In other words, it’s a way for BlackRock to likely make more money.”
This is basically the current stage of capitalism. If by the end by some miracle you accrued some wealth, they’ll make sure to grab it so there’s no inheritance left.
Sell your house and buy into a retirement community, then a retirement home, and after that poke and prod you in a hospital for months on end to extend your life for a few weeks.
You’re correct, the system is designed to extract all value from us before we die. Or, as we are starting to see, states are starting to sue estates to recover costs to Medicaid.
If the working class can never rise out of its situation, can never pass any wealth on to families then we need to legislate the same thing for the rich. That no one inherits anything and everyone plays the same game.
Which I think is stupid, but I also wouldn’t be playing. It is more fair than capitalism now, which can go fuck itself off a cliff. Burn the banks to the ground
The greatest thing that could ever happen to the working class is for someone or some country to detonate an EMP above Omaha and wipe clean every hard drive in one go. A strong enough solar storm could do it too, also acceptable. Or maybe the first quantum computed AI computer virus, just fucking wipes EVERYONES computers. World over.
Fink correctly identified a key problem, his proposed solution wasn’t to bring back pension plans. It was a new BlackRock product that helps people better manage their retirement spending.
You motherfucker.
The advice for a “managing” a 401(k) is to just put money into it and ignore it- there’s literally no managing required. The problem is this was never good enough and you god damn parasitic leeches want to take even that pittance away.
“Fink was refreshingly blunt that it’s not hard to figure out why millennials and Gen Z workers are economically anxious. “They believe my generation — the Baby Boomers — have focused on their own financial well-being to the detriment of who comes next. And in the case of retirement, they’re right,” he said.”
Yes!
“While Fink correctly identified a key problem, his proposed solution wasn’t to bring back pension plans. It was a new BlackRock product that helps people better manage their retirement spending. In other words, it’s a way for BlackRock to likely make more money.”
No.
This is basically the current stage of capitalism. If by the end by some miracle you accrued some wealth, they’ll make sure to grab it so there’s no inheritance left.
Sell your house and buy into a retirement community, then a retirement home, and after that poke and prod you in a hospital for months on end to extend your life for a few weeks.
Privatized Healthcare and nursing homes. If I had kids I’d just intentionally overdose on heroin before I ended up in such “care” situations.
You’re correct, the system is designed to extract all value from us before we die. Or, as we are starting to see, states are starting to sue estates to recover costs to Medicaid.
If the working class can never rise out of its situation, can never pass any wealth on to families then we need to legislate the same thing for the rich. That no one inherits anything and everyone plays the same game.
Which I think is stupid, but I also wouldn’t be playing. It is more fair than capitalism now, which can go fuck itself off a cliff. Burn the banks to the ground
The greatest thing that could ever happen to the working class is for someone or some country to detonate an EMP above Omaha and wipe clean every hard drive in one go. A strong enough solar storm could do it too, also acceptable. Or maybe the first quantum computed AI computer virus, just fucking wipes EVERYONES computers. World over.
Fucking Jubilee, jubilee!
You motherfucker.
The advice for a “managing” a 401(k) is to just put money into it and ignore it- there’s literally no managing required. The problem is this was never good enough and you god damn parasitic leeches want to take even that pittance away.
It is the 1% vs the working class, not generation vs generation.