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AdmiralShat
joined 1 year ago
A 401k is something, an account, I legally own. A pension is a promise.
The value of money is based on the market, all aspects of finance are based on economies. Even just a straight up savings account gradually devalues
We fucked up a species when we traded communities for economies.
Anyone ever experience someone else discovering that Joji is frank without any prior knowledge of frank? It's so surreal some people actually get mad at a dude who made dumb jokes when he was a kid.
Haven't most places moved to 401ks for this reason? I'd never participate in a pension and I imagine the vast majority of those working in the tech industry are smart enough not to as well
I could be wrong I'm basing all this on assumptions about others intelligence
If a business was actually losing money for 20 years straight then how does it continue to grow? Think about Amazon and how long it wasn't profitable despite being one of the largest businesses ever in recorded history.
It's a business scam that's a legal way of pay significantly less taxes than they normally would.
I mean
There was this whole thing called the Soviet Union then there was like a missile crisis
And there was like a group that called themselves National Socialists and they did a genocide and tried to take over a bunch of land by force
We also had to fight a bunch of talking trees that dug tunnels because military industrial complex and heroin
It's definitely many layers of propaganda but as an American I definitely understand WHERE it comes from, I understand why most people here flinch at the word.
You also gotta understand we had multiple generations in a row huffing lead gasoline so while younger millennials aren't impacted as bad, MOST Americans are legitimately lead brained.
That's fair, yeah
Not making a profit on paper does not mean it's a terrible business model. It's how businesses reduce the taxes they pay and how they can afford the hundreds of millions of dollars of payment to the board members.
Amazon was unprofitable for like 20 years out of its total lifetime (not consecutively).
Don't let this business terminology fool you into thinking it's worthless. If anything we need to be puting these companies under the microscope for what they're doing to pay less taxes than they really should be. We need to start closing the loop holes.