Financial firms want a bigger piece of the $10 trillion in America’s 401(k) plans, and the Trump administration is planning a regulatory rollback to encourage less-regulated — and often riskier — investments.
That’s why they want the change. If you lose the money in your 401(k), it is not gone. It’s just that someone else has it. If you retire in poverty, someone else has an additional Ferrari.
That’s an over-simplification of the mechanics of wealth transfer, but yes, wealth transfer is their goal here, and they know what they’re doing, so it will work if they get their way, which they may given how captured our government is by the Epstein class.
That’s why they want the change. If you lose the money in your 401(k), it is not gone. It’s just that someone else has it. If you retire in poverty, someone else has an additional Ferrari.
That’s an over-simplification of the mechanics of wealth transfer, but yes, wealth transfer is their goal here, and they know what they’re doing, so it will work if they get their way, which they may given how captured our government is by the Epstein class.