this post was submitted on 10 Aug 2023
1118 points (98.6% liked)
Work Reform
10021 readers
275 users here now
A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
Our Philosophies:
- All workers must be paid a living wage for their labor.
- Income inequality is the main cause of lower living standards.
- Workers must join together and fight back for what is rightfully theirs.
- We must not be divided and conquered. Workers gain the most when they focus on unifying issues.
Our Goals
- Higher wages for underpaid workers.
- Better worker representation, including but not limited to unions.
- Better and fewer working hours.
- Stimulating a massive wave of worker organizing in the United States and beyond.
- Organizing and supporting political causes and campaigns that put workers first.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Most people depend on 401ks and IRAs for their retirements now so wall street affects almost all of us. Pension funds are invested also and good chunks of them are in real estate. It isn't just "elites".
Your s and p 500 is not filled with corporate real estate bonds, the hedge funds shorting and pumping the market are using these bonds for collateral to play the opposite side of your investment. Stop acting like this has a negative effect on the general populace. If anything it would be a boost to the regular folks as those short the s and p would lose collateral and have to buy back in on their short positions, increasing the return of 401ks and the like. It harms the most enriched funds that short almost everything in our market after supplying unlimited VC funding to inflate the companies value before IPO. This particular problem is squarely an elite problem not a general one ffs.
Your 401k makes $1. The elite gain $1000000.