‘It’s a scam’: Americans express unease over SpaceX’s influence on retirement savings
4 days ago by Valuy to c/enoughmuskspam
For dumb eurocucks like me:
Many Americans’ retirement savings are heavily tied to the US stock market through private 401(k) retirement savings plans. Those plans are heavily invested in index funds that track the major stock market indices. So even those who do not invest directly in these new tech giants may still end up owning them.
Musk pushed for a rule change to allow SpaceX shares into index funds earlier than is typical, many Americans could find their retirement savings and pensions increasingly tied to the company and other AI firms.
“We’ve all been forced into a giant casino,” said Tim, a 62-year-old engineer based in Alameda, California.
What could go wrong...
@lemmy.world
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go to feed...
@lemmy.world
For those that have had enough of the Elon Musk worship online.
No flaming, baiting, etc. This community is intended for those opposed to the influx of Elon Musk-related advertising online. Coming here to defend Musk or his companies will not get you banned, but it likely will result in downvotes. Please use the reporting feature if you see a rule violation.
Opinions from all sides of the political spectrum are welcome here. However, we kindly ask that off-topic political discussion be kept to a minimum, so as to focus on the goal of this sub. This community is minimally moderated, so discussion and the power of upvotes/downvotes are allowed, provided lemmy.world rules are not broken.
Post links to instances of obvious Elon Musk fanboy brigading in default subreddits, lemmy/kbin communities/instances, astroturfing from Tesla/SpaceX/etc., or any articles critical of Musk, his ideas, unrealistic promises and timelines, or the working conditions at his companies.
Tesla-specific discussion can be posted here as well as our sister community /c/RealTesla.
go to feed...
And that’s why I don’t invest in tech ETFs - either with my discretionary accounts or my 401k.
save