Might have the big dumb

Previously Baguette@lemm.ee

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  • 106 Comments
Joined 2 years ago
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Cake day: February 1st, 2024

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  • Baguette@lemmy.blahaj.zoneto196@lemmy.blahaj.zonerule
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    11 days ago

    ._. I never said I supported the stock market, just that the stock market collapse will affect a lot of people.

    If I had it my way, companies should never be public. Lots of current day issues are because public companies act upon shareholder whims and thus cause the worst of modern day societies

    I’d love to have pensions also be reintroduced in companies, but they’ve essentially been all phased out by lobbying for 401ks and IRAs instead.


  • Baguette@lemmy.blahaj.zoneto196@lemmy.blahaj.zonerule
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    11 days ago

    It depends on the person’s age group, if they just hit retirement and the stock market collapses, then they’d feel the pain the most. It could mean delaying their retirement by years.

    Younger people on the other hand usually bounce back, unless of course there are other circumstances like war.