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.
It’s a great racket to make sure people’s retirement is tied to something that rich people’s wealth relies on, so people will not vote to make rich people less rich because it hurts their retirement.
It’s a great racket to make sure people’s retirement is tied to something that rich people’s wealth relies on, so people will not vote to make rich people less rich because it hurts their retirement.