LogFAQs > #970444111

401K exist to force poor people to support the rich people in their "market making" bullshit stock bets and runups. Basically, you are told "well if you want a retirement, you gotta give your corp some of your money and some dude will invest that into stocks". It is presented as a good deal cause company match blah blah.

But the reality is it is a way to force your participation in late stage capitalism.

Oh did you know the governement now want to make is mandatory for everyone?

https://www.washingtonpost.com/business/2022/12/21/401-k-changes-secure-20/

Starting in 2025, most businesseswould be required to automatically enroll employees in 401(k) plans. Employees would contribute 3 to 10 percent of their wages. Each year, the contribution would increase by 1 percent until it reaches at least 10 percent, though not more than 15 percent.
Businesses with 10 or fewer employees and businesses that have been open for less than three years would be exempt, along with church and government plans.

Hmm, wonder who this benefits? hmm. The worker?

Yeah congress LOVES the worker this must benefit the worker sooooo much.